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 JeffersonTags: political-philosophy deficit-spending fiscal-policy national-debt
Blessed are the young, for they shall inherit the national debt.
Herbert HooverTags: political beatitudes national-debt
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 ReaganTags: political-philosophy deficit-spending scope-of-government fiscal-policy national-debt
The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Thomas JeffersonTags: deficit-spending fiscal-policy national-debt
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 GalbraithTags: politics national-debt
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