National Debt Quotes

“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.”
― Ronald Reagan

“And to preserve their 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. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers.”
― Thomas Jefferson, Letters of Thomas Jefferson

“Blessed are the young, for they shall inherit the national debt.”
― Herbert Hoover

“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

“All those who seek to destroy the liberties of a democratic nation ought to know that war is the surest and shortest means to accomplish it.”
― Alexis de Tocqueville

“The country was lumbering towards election day. Strike turned in early on Sunday and watched the day's gaffes, counterclaims and promises being tabulated on his portable TV. There was an air of joylessness in every news report he watched. The national debt was so huge that it was diffcult to comprehend. Cuts were coming, whoever won; deep, painful cuts; and sometimes, with their weasel words, the party leaders reminded Strike of the surgeons who had told him cautiously that he might experience a degree of discomfort; they who would never personally feel the pain that was about to be inflicted.”
― Robert Galbraith, The Cuckoo's Calling

“In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.
It is time for a new beginning.”
― Jeffrey Tucker

“The debt is being cynically exploited by the far right, with collusion of the Democrat establishment, to undermine what remains of social programs, public education, unions, and, in general, remaining barriers to corporate tyranny.”
― Noam Chomsky, 9-11

“Am I then more of an American than those who drew their first breath on American Ground?”
― Alexander Hamilton, The Essential Hamilton: Letters & Other Writings: A Library of America Special Publication

“One of the methods of extracting colossal profits used by monopolists is that of buying state loan bonds, and of getting interest on them. The greater the quantity of bonds issued by a state - that is, the greater the amount of national debt - the greater profits the monopolists extract. The money that a bourgeois state receives from state loans goes, either openly or through some secret channels, to the capitalist magnates, and is used for the expansion of military production”
― A. Alekseyev, The Basic Economic Law of Modern Capitalism