Seneca the Younger Quotes
A trifling debt makes a man your debtor; a large one makes him an enemy.
Lucius Annaeus Seneca (the Younger), 4 BC-65 AD., Roman Statesman, Dramatist & Philosopher, Letter XIX: On worldliness and retirement
Sourced by: Eigen's Political and Historical Quotations
He was referring to making the idea of federal deficits emotionally negative.
Debts accumulated by the allies in World War I was still outstanding a decade later. When it was proposed that the United States help reduce this debt, President Coolidge remarked:
See {604501} for another of his statements. It was Alexander Hamilton who called the national debt a national blessing. See {207891}. Jackson was convinced that a moneyed class who held the national debt could dictate to any administration by threatening to not renew their bonds. The same concern was expressed at the beginning of the 21st century regarding the Chinese and the Middle Eastern countries which held do many of our bonds.
Lucius Annaeus Seneca the Younger (/ˈsɛnɪkə/; c. 4 BC – AD 65), usually known as Seneca, was a Roman Stoic philosopher, statesman, dramatist, and in one work, satirist from the Silver Age of Latin literature.