National Debt Quotes



Search Results (83)

Quote Author Cited
Blessed are the young for they shall inherit the national debt. Herbert Hoover
A national debt, if it is not excessive, will be to us a national blessing. Alexander Hamilton
We cannot allow the heavy weight of the debt to bring us to our knees.. Alejandro García Padilla
The euro zone is only hurting itself by trying to keep Greece as a member. Jochen Bittner
There are 100 Billion starts in the galaxy. That used to be an astronomical number. It's less than the national deficit. Now we should calm them economical numbers. Richard P. Feynman
After the unremitted efforts of our enemies, we are stronger than before. Nor can the wicked emissaries who so assiduously labor to promote their cause, point out any one reason to suppose that we shall not receive daily accessions of strength. They tell you, it is true, that your money is of no value, and your debts so enormous they can never be paid …. It becomes you deeply to reflect on this subject. Is there a country on earth which hath such resources for the payment of her debts as America? such an extensive territory? so fertile, so blessed in its climate and productions? Surely there is none. Neither is there any to which the wise Europeans will sooner confide their property. What, then, are the reasons that your money hath depreciated? Because no taxes have been imposed to carry on the war: because your commerce hath been interrupted by your enemy's fleets: because their armies have ravaged and desolated a part of your country: because their agents have villainously counterfeited your bills: because extortioners among you, inflamed with the lust of gain, have added to the price of every article of life; and because weak men have been artfully led to believe that it is of no value. Continental Congress
Buy a share in America : United States defense savings bonds & stamps. Anonymous
We cannot continue our leadership in the world as the largest debtor nation the world has ever known. Hillary Clinton
Everything must be in contrast at an affair like this. You know, to show anything off properly you must have the contrast. Now, I am here tonight representing poverty. We have enough wealth right here at this table, right here at the speaker's table alone---their conscience should hurt them, which I doubt if it does---so that we could liquidate our national debt. Every rich man reaches a time in his career when he comes to a turning point and starts to give it away. Will Rogers
The United States is a bankrupt nation. It owes the world 14 trillion dollars, and it is truly able to finance itself and the war and the supply of arms to Israel, through the money that is lent to the United States by rich countries, some of which are Muslim countries. And if you stop using the U.S. dollar... Even if you want to sell oil, you can continue to sell oil, but insist on being paid in euros, or yen, or whatever... If you do that, then the U.S. dollar will not be half the value that it has today, and if it doesn't have the value that it has today, it cannot spend money producing arms Mohamad Mahathir
The average standard of living of the average American is going to go down. That is the only way we can cope with our debt and trade deficit problems. Jeff Faux
Just Pay For It Anonymous
No nation can miss interest or principle payments without some negative impact on its credit standing. Roger Altman
The Japanese already own the country. Let them pick the president. Johnny Carson
The best way for the Government to maintain its credit is to pay as it goes—not by resorting to loans, but by keeping out of debt. Grover Cleveland
Tonight, I come before you to announce that the federal deficit, once so incomprehensibly large that it had eleven zeroes, will be, simply zero. Bill Clinton
Borrowed money, even when owing to a nation by another nation, should be repaid. They hired the money, didn't they? Let them pay it. Calvin Coolidge
We're going to finally wrassle to the ground this gigantic orgasm that is just out of control. Dennis W. DeConcini
A mature welfare state is always broke. Bob Dole
It's time to cut up Uncle Sam's credit card. Bob Dole
Only when the budget has been balanced and a substantial amount set aside for debt retirement, should we consider tax reduction. Robert Doughton
If adultery were made a federal crime punishable by fine, the national debt would be wiped out in a year or two. Eunice Zoghlin Edgar
You just don't see people running through the streets to have the deficit cut. Kathryn Eickhoff
To protect the national honor, every dollar of Government indebtedness should be paid in gold, unless otherwise expressly stipulated in the contract. Let it be understood that no repudiator of one farthing of our public debt will be trusted in public place, and it will go far toward strengthening a credit which ought to be the best in the world. Ulysses S. Grant
Many people secretly wish that every state be completely independent and that as soon as our public debts are liquidated that Congress shall be no more. Nathanael Greene
Blessed are the young, for they shall inherit the national debt. Herbert Hoover
There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation. Herbert Hoover
I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country. Andrew Jackson
Debt and revolution are inseparable as cause and effect. Thomas Jefferson
It is incumbent on every generation to pay its own debts as it goes. A principle which, if acted on, would save one half the wars of the world. Thomas Jefferson
Nineteen years is the term beyond which neither the representatives of a nation nor even the whole nation itself assembled can validly extend a debt ... one generation is to another as one independent nation to another. Thomas Jefferson
To preserve our independence, we must not let our rulers load us with perpetual debt. Thomas Jefferson
I wish it were possible to obtain a single amendment to our constitution ... an additional article, taking from the federal government the power of borrowing. Thomas Jefferson
A nation is not in danger of financial disaster merely because it owes itself money. Andrew Mellon
As a general rule, the demands of the current year, especially in time of peace, should be provided for by the revenues of that year. James Monroe
To add current expenses of the Government to the national debt ... and thereby pass the current cost of government to the next generation is not only bad financing but very bad statesmanship. Fiorello H. La Guardia
Can the amazing national debt be paid by a little trifling sum squeezed from year to year out of America?.... Would it not be much superior wisdom, and sounder policy, for a distressed kingdom to retrench the vast unnecessary expenses continually incurred by its enormous vices? Samuel Langdon
May the debt of the United States be discharged with speed and punctuality; and let not the people be deceived, by having the funds, established for that purpose, put to other uses. John Leland; Jack Nipps
It appears to me one of those questions which present great inconveniences whichever way it is decided. Thomas Jefferson
The Federal Government’s assumption of the various State debts from the Revolutionary War has caused a buying frenzy and unscrupulous speculators are still exploring interior & distant parts of the Union in order to take advantage of the holders. James Madison
A public debt is a public curse and in a representative government greater than any other. James Madison
A provision for the sale of the vacant lands of the United States is particularly urged, among other reasons, by the important considerations that they are pledged as a fund for reimbursing the public debt; that if timely and judiciously applied they may save the necessity of burdening our citizens with new taxes for the extinguishment of the principal; and that being free to discharge the principal but in a limited proportion, no opportunity ought to be lost for availing the public of its right. George Washington
Let’s make this the year where we are either going to get rid of the deficit or get rid of the idea that we are going to get rid of the deficit.. Herbert Stein
We cannot deal with the debt. The Democrats are not going to allow reductions in entitlements like Social Security. The Republicans will not allow one dime of additional taxes. We have a deadlock of democracy. Pat Buchanan
If a national debt in considered a national blessing, then we can get on by borrowing. But as I believe it is a natural curse, my vow shall be to pay the national debt, to prevent a moneyed aristocracy from growing up around our administration that must bend to its views, and ultimately destroy the liberty of our country. Andrew Jackson
A national debt, properly funded and serviced, can be a potent instrument of national policy. John Steele Gordon
In the 1860s we used the national debt to save the Union. In the 1930s we used it to save the American economy. In the 1940s we used it to save the world. John Steele Gordon
Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States Barry Goldwater
We all have to sacrifice to reduce the debt, but we can’t sacrifice our future. Barack Obama
The era of deficit denial is over Erskine Bowles
The plutocracy has invented countless makeshift programs, such as generating enormous public debt that plutocrats know they will never be able to repay, levies on capital, taxes which exhaust the incomes of those who do not speculate, sumtuary laws which have historically proven useless, and other similar measures. The principal goal of each of these measures is to deceive the multitudes. Vilfredo Pareto
The money of the United States is, and must forever be, unquestioned and unassailable. If doubts remain, they must be removed. If weak places are discovered, they must be strengthened. William McKinley
I can not too cordially congratulate Congress and my fellow citizens on the near approach of that memorable and happy event -- the extinction of the public debt of this great and free nation. Andrew Jackson
Morris Notes Anonymous
[It has become] … a principal ground whereon was reared up that Speculating phalanx. Thomas Jefferson
Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt William Cobbett
Debt has become a part of who we are… Normal is broke in America. Dave Ramsey
When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretend payment. Adam Smith
We are not a deadbeat nation. Barack Obama
A national debt is the price of liberty. Alexander Hamilton
… the most bitter and angry contests ever known in Congress Thomas Jefferson
All legislation looking to the perpetuation of our national debt, and of the national-banking system which feeds and fattens upon it, should be universally discouraged and denounced as a crime against the people, and all laws looking to their existence should be immediately repealed. James Baird Weaver
Between debt and taxes Americans had usually chosen debt. Paul Solmon
We give lip service to the importance of deficit reduction, but Americans oppose every single thing that you might do to reduce the deficit. Alan S. Blinder
Someone should put up a chart for Congress showing the difference between millions, billions, and trillions. Our problems are in trillions and Congress is arguing about millions. David Brooks
The Greeks do not have the option of borrowing because nobody will lend to them. Anne Applebaum
Nobody gets to threaten the full faith and credit of the United States just to extract political concessions. Nobody gets to threaten our economy and hurt millions of people just because there are a couple of laws you do not like. Barack Obama
Defaulting on our [national] debt is defaulting on America. Thomas J. Donahue
We all have to resist the temptation to finance growth with increased debt yet again. Angela Merkel
For a generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U.S, became the world's largest debtor. Allen B. Rosenstein
Ireland, once an impoverished backwater from which generations fled, conjured an economic miracle…. After 2007, the party ended in a morass of insolvent banks, bad mortgages, and unpaid public debt, ultimately sending the proudly independent country begging to the International Monetary Fund. Andrew Moravcsik
We are broke—bankrupt—really bankrupt! James Baker
A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt Allyn Abbott Young
The nation is in a situation similar to that of an employee who receives annual pay raises but cannot improve his or her standard of living because of the need to pay rising debt service to creditors. Bill White (Texas politician)
The nation’s founding fathers deferred many of their own cherished plans until the nation paid off its debts. Bill White (Texas politician)
In what seems like the blink of an eye, this George W. Bush has brought us from a prosperous nation at peace to a broke nation at war. Hunter S. Thompson
Finance ministers the world over, responsible for assuring the service of the internal debts by forcing down the standards of living, do not find the matter so simple. They observe that the average man today finds the problem of making both ends meet a serious one. They are well aware that he demands something out of life over and above the bare necessities, and they have a realistic view of the situation created when a government demands this margin in taxes or takes it by inflation. George Percival Auld
With a view to assuring our national and economic development, and giving the country a more regular and more modern administration, the signatories of the present pact consider the possession of complete independence and liberty as the sine qua non of our national existence. In consequence, we oppose all juridical or financial restrictions of any nature which would arrest our national development. The conditions of settlement of our proved debts shall likewise not be contrary to these principles. Kemal Ataturk
A man who murders another shortens by a few brief years the life of a human being; but he who votes to increase the burden of debts upon the people of the United States assumes a graver responsibility. William Jennings Bryan
Can that be true when America is billions in debt, when prices have doubled, when taxes break our backs and we are still fighting in Korea? It’s tragic and it’s time for a change. Dwight D. Eisenhower
We used to be lenders; now we're borrowers. We used to be sellers; now we're buyers. You can't win that way. Mario Cuomo
A Bank in Human Form. New York Times
With the Eurozone … seeking internal balance via ever larger external imbalances in the form of current account surpluses, debtor Eurozone could only attain internal balance with ever larger external imbalances in the form of current account deficits.. Martin Wolf