Monday, July 31, 2006

Quotes on Our Debt

If you have one you would like to ad please let me know!
“I go on the principle that a public debt is a public curse."
James Madison

"I sincerely believe... 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

"It is critical that we continue to pay down the debt.”
Bill Clinton

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

"Debt is the fatal disease of republics."
Wendell Phillips

"A balanced budget takes us in the right direction."
Tim Johnson

"It is incumbent on every generation to pay its own debts as it goes."
Thomas Jefferson

"Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt."
Tim Johnson

"This budget isn't about numbers or a theory, it's about common sense. The choice is simple, we can either tie that hands of Washington and stop it from spending the American people's money - or Washington can tie the hands of future generations and spend them further into debt."
Dennis Hastert

"Neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time."
Thomas Jefferson