National Debt quotes:

Send

Blessed are the young for they shall inherit the national debt. -- Herbert Hoover
A national debt, if it is not excessive, will be to us a national blessing. -- Alexander Hamilton
I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office. -- Barack Obama
Our nation stands at the crossroads of liberty. Crushing national debt, rampant illegal immigration, insane business regulations and staggering national unemployment are pushing our nation into unchartered territory. -- James Lankford
When I was a youngster growing up in South Dakota, we never referred to the national debt, it was always referred to as the war debt because it stemmed from World War I. -- George McGovern
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives. -- Karl Rove
Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as 'deficits as far as the eye can see.' But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk? -- Karl Rove
Consider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt. -- J. C. Watts
The National Debt is a very Good Thing and it would be dangerous to pay it off for fear of Political Economy. -- W. C. Sellar
It is known, to the force of a single pound weight, what the engine will do; but, not all the calculators of the National Debt can tell me the capacity for good or evil, for love or hatred, for patriotism or discontent, for the decomposition of virtue into vice, or the reverse. -- Charles Dickens
Will I obliterate national debt? Sure, why not? -- Pat Paulsen
The income tax created more criminals than any other single act of government. -- Barry Goldwater
It would be easier to pay off the national debt overnight than to neutralise the long-range effects of our national stupidity -- Frank Zappa
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. -- William Cobbett
When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money. -- Ted Cruz
Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you? -- Ralph Waldo Emerson
Obviously, there has to be a profound change in direction. Otherwise, interest on the national debt will start eating up virtually every penny that we have. -- Bobby Scott
No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance. -- Thomas Paine
The Missourians I hear from just don't buy the idea that the only way to tackle the national debt is to drastically alter Medicare and Social Security. -- Claire McCaskill
By making this wine known to the public, I have rendered my country as great a service as if I had enabled it to pay back the national debt. -- Thomas Jefferson
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. -- Hank Johnson
I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It's a form of taxation without representation. I don't think we can do that. -- Mike Lee
On any measure, Spain's bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country's credit rating has been downgraded three notches. -- Daniel Hannan
The truth is we need to build an economy going forward with all of us, when we all move forward and the payment of a national debt is not the responsibility of one group of Americans versus another. -- Paul Sadler
What our Republican friends are doing, if we look at what they do and not what they say, they have decided that the most important thing in this country is to increase payments for interest on the national debt. -- Tom Allen
When I left Washington, we actually had a balanced budget and we paid down the most amount of the national debt in modern history and cut taxes and created jobs. And I was the chief architect of that plan in '97. -- John Kasich
I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes. -- Alan Greenspan
The Citizen's Petition reflects Vermont's spirit of pragmatism and across-the-board cooperation. I applaud the 'Campaign to Fix the Debt' for calling attention to one of the country's most pressing problems, our ballooning national debt, and for urging policymakers to find practical solutions. -- Peter Welch
I think that when we look out with our underfunded liabilities and our national debt over $14 trillion, I think if we are part of that movement to get our government spending under control, I think that would be a tremendous legacy to leave. -- Ben Quayle
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. -- Andrew Jackson
The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely. -- Matt Taibbi
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; -- Alexander Hamilton
You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would've pointed to the debt clock and said, we built that. -- Chris Van Hollen
What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion's share of it by simply adding it to the national debt. -- John Spratt
Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible. -- Dee Dee Myers
Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy. -- Franklin D. Roosevelt
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. -- Thomas Jefferson
We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid. -- John Spratt
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. -- Thomas Jefferson
The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt. -- David Malpass
Back in 2008, candidate Obama called a $10 trillion national debt 'unpatriotic' - serious talk from what looked to be a serious reformer. Yet by his own decisions, President Obama has added more debt than any other president before him, and more than all the troubled governments of Europe combined. One president, one term, $5 trillion in new debt. -- Paul Ryan
The burden of the national debt consists not in its being so many millions, or so many hundred millions, but in the quantity of taxes collected every year to pay the interest. If this quantity continue the same, the burden of the national debt is the same to all intents and purposes, be the capital more or less. -- Thomas Paine
I don't know how you feel, but I'm pretty sick of church people. You know what they ought to do with churches? Tax them. If holy people are so interested in politics, government, and public policy, let them pay the price of admission like everybody else. The Catholic Church alone could wipe out the national debt if all you did was tax their real estate. -- George Carlin
Bless the children, for the national debt is theirs. -- Herbert Hoover
I do not add a penny to the national debt. -- Hillary Clinton
My pan plays down an unprecedented amount of our national debt. -- George W. Bush
What were you two doing last night, discussing the national debt? -- Stephenie Meyer
A responsible government does not triple the national debt in eight years. -- Daniel Patrick Moynihan
When you get the economy growing, that's when you can deal with the national debt. -- Mike Pence
I think if we give Glenn Beck the numbers, he can solve this [the national debt]. -- Michele Bachmann
The greatest threat to our national security is our debt. We borrow a million dollars a minute. -- Rand Paul
We have, during his regime, during President Obama's regime, we've doubled our national debt. We're up to $20 trillion. -- Donald Trump
We don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires. -- Bernie Sanders
Every person born in the USA is endowed with life, liberty, and a substantial share of the national debt. -- Francis Bacon
Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt. -- Tony Blair
Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt. -- Addison Wiggin
The important lesson of the deficit is - and the national debt - is we have to be careful about how we're spending money. -- Joseph Stiglitz
We ought to pay down the national debt, ... The American people are tired of people who make promises about cutting taxes that they cannot keep. -- John McCain
Our middle class majority, deeply in personal debt, elects political leaders who increase our benefits. Then we vote them out because we dislike the soaring national debt. -- Oliver DeMille
--
What Donald Trump is proposing with these massive tax cuts will result in a $20 trillion additional national debt. That will have dire consequences for Social Security and Medicare. -- Hillary Clinton
A sagging economy, a soaring national debt, and an increasingly restive Congress pushed Obama to order troop reductions that are both deeper and faster than recommended by his military commanders. -- Ron Fournier
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 . -- Karl Marx
The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country. -- James A. Garfield
I will bring our energy companies back. They'll be able to compete. They'll make money. They'll pay off our national debt. They'll pay off our tremendous budget deficits, which are tremendous. -- Donald Trump
Donald Trump got himself very far to the left. When he was considering running for president in 2000, he was for a 13 percent wealth tax on wealthy people to retire the national debt. -- Chris Hayes
We don't want to put up the money. We owe almost $20 trillion. Doubled since [Barack] Obama took office, our national debt.But we will get the money from Gulf states and others. -- Donald Trump
I would suggest to my honourable Friend that the foreign investor is at least as discouraged by high national debt for that, as all example shows, is the surest precursor of high taxation. -- John James Cowperthwaite
Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise. -- Frank Chodorov
You [Donald Trump] call yourself the King of Debt. You talk about leverage. You even at one time suggested that you would try to negotiate down the national debt of the United States. -- Hillary Clinton
We may casually talk of all sorts of new programs and 'stimulus,' but the vast trillion-dollar collective national debt and rising annual deficits will insidiously hamstring almost everything we plan to do. -- Victor Davis Hanson
In FY 2006, interest payments alone on the national debt cost us $406 billion. . . . What a waste. . . . That $406 billion is pathetically squandered on interest, just because we lacked the discipline to pay our bills when due. -- Bill Press

Send