The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance.— Taylor Caldwell
Passioned National Debt quotations
Student debt is crushing the lives of millions of Americans.
How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
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.
Blessed are the young for they shall inherit the national debt.
America's fighting men and women sacrifice much to ensure that our great nation stays free. We owe a debt of gratitude to the soldiers that have paid the ultimate price for this cause, as well as for those who are blessed enough to return from the battlefield unscathed.
A national debt if it is not excessive will be to us a national blessing;
it will be powerfull cement of our union. It will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry.
Our nation owes a debt to its fallen heroes that we can never fully repay, but we can honor their sacrifice.
This debt crisis coming to our country.
The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
The national debt has given rise to joint stock companies, to dealings in negotiable effects of all kinds, and to agiotage , in a word to stock-exchange gambling and the modern bankocracy .
As to Taxes, they are evidently inseparable from Government.
It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine.
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.
It would be easier to pay off the national debt overnight than to neutralise the long-range effects of our national stupidity
We don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires.
We are turning into a nation of whimpering slaves to Fear—fear of war, fear of poverty, fear of random terrorism, fear of getting down-sized or fired because of the plunging economy, fear of getting evicted for bad debts or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer.
Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt.
We must not let our rulers load us with perpetual debt.
A national debt, if it is not excessive, will be to us a national blessing.
Every GOP administration since 1952 has let the Military-Industrial Complex loot the Treasury and plunge the nation into debt on the excuse of a wartime economic emergency.
The nations which have put mankind and posterity most in their debt have been small states Israel, Athens, Florence, Elizabethan England.
Our nation owes a debt of gratitude to the 9/11 Commission members for their valuable service and important recommendations to improve homeland security.
We owe Christ to the world--to the least person and to the greatest person, to the richest person and to the poorest person, to the best person and to the worst person. We are in debt to the nations.
At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams.
When you get the economy growing, that's when you can deal with the national debt.
Allow a government to decline paying its debts and you overthrow all public morality-you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.
And as the vicissitudes of Nations beget a perpetual tendency to the accumulation of debt, there ought to be in every government a perpetual, anxious, and unceasing effort to reduce that, which at any times exists, as fast as shall be practicable consistently with integrity and good faith.
I am for a government rigorously frugal &
simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers & salaries merely to make partisans, & for increasing, by every device, the public debt, on the principle of its being a public blessing.
The current tax code is a daily mugging.
The modern spectacle of vanished forests and eroded lands, wasted petroleum and ruthless mining, national debts recklessly increased until they are repudiated, and continual revision of positive law, is evidence of what an age without veneration does to itself and its successors.
No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.
We don't have a trillion-dollar debt because we haven't taxed enough;
we have a trillion-dollar debt because we spend too much.
In 1688 England contracted to the Netherlands the highest debt that one nation can owe to another. Herself not knowing how to recover her liberties, they were restored by men of the United Provinces.
I hope we will never again see such a depression.
But I am troubled by the huge consumer installment debt which hangs over the people of the nation, including our own people.
I make a fortune from criticizing the policy of the government, and then hand it over to the government in taxes to keep it going.
The tax code is a monstrosity and there's only one thing to do with it.
Scrap it, kill it, drive a stake through its heart, bury it and hope it never rises again to terrorize the American people.
The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own.