Dan Coats Quotes
It is not only our duty but our moral obligation to break from the oppression of debt. We must rise above the political considerations and do what is right for the future of our nation.
Coats, Dan. Congressional Record, 112th Cong., 1st Sess., U.S. Government Printing Office, 2011.
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.
Historically, this is the occasion where the war debt from the Revolution and the War of 1812 was paid off. It was one of the few times that the nation was debt free.
Daniel Ray Coats is an American politician and former diplomat. From 2017 to 2019, he served as the Director of National Intelligence in the Trump administration. A member of the Republican Party, he served as a United States Senator from Indiana from 1989 to 1999 and again from 2011 to 2017. He was the United States Ambassador to Germany from 2001 to 2005, and a member of the United States House of Representatives from 1981 to 1989. Coats served on the United States Senate Select Committee on Intelligence while in the U.S. Senate.