GOVERNMENT DEBT QUOTES

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"The biggest debt is always the government debt; it's always debt that government has run up on your behalf." Margaret Atwood. IMG
"I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom." Thomas Jefferson. IMG
"I go on the principle that a public debt is a public curse and in a republican government more than in any other." James Madison. IMG
"A government debt is a government claim against personal income and private property - an unpaid tax bill." Hans F. Sennholz. IMG
"Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people." Wendell Phillips. IMG
"With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat." Bill Gross. IMG
"The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt are indications soliciting the employment of the pruning knife." Thomas Jefferson. IMG
"The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt." William Vickrey. IMG
"Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation." Ron Kind. IMG
"As a very important source of strength and security, cherish public credit." George Washington. IMG
"To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude." Thomas Jefferson. IMG
"Blessed are the young for they shall inherit the national debt." Herbert Hoover. IMG
"In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -"frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct." Richard W. Fisher. IMG
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies." Barack Obama. IMG
"This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans." Rush Limbaugh. IMG
"..avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear." George Washington. IMG
"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. IMG
"I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." Thomas Jefferson. IMG
"We must not let our rulers load us with perpetual debt." Thomas Jefferson. IMG

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