Debt By Founding Fathers Quotes by George Washington, Alexander Hamilton, Thomas Jefferson, Benjamin Franklin, James Madison and many others.
..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.
A national debt, if it is not excessive, will be to us a national blessing.
[Avoid] likewise the accumulation of debt.
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.
He that goes a borrowing goes a sorrowing.
And as the vicissitudes of Nations beget a perpetual tendency to the accumulation of debt, there ought to be in every government a perpetual, anxious, and unceasing effort to reduce that, which at any times exists, as fast as shall be practicable consistently with integrity and good faith.
Think What You Do When You Run in Debt: You Give to Another Power over Your Liberty
Of all the enemies of public liberty, war is perhaps the most to be dreaded, because it comprises and develops the germ of every other.
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.
As to Taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine.
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.
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.
But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.
We must not let our rulers load us with perpetual debt.
States, like individuals, who observe their engagements, are respected and trusted: while the reverse is the fate of those who pursue an opposite conduct.
Peace, commerce and honest friendship with all nations; entangling alliances with none.
To contract new debts is not the way to pay old ones.
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