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Government Debt Quotes

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.

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.

Thomas Jefferson
Government Debt, Independence, Liberty
Thomas Jefferson, Jean M. Yarbrough (1963). “The Essential Jefferson”, p.242, Hackett Publishing

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.

Thomas Jefferson
Knives, Government Debt, Office
Thomas Jefferson (1855). “The Writings of Thomas Jefferson: Correspondence. Reports and opinions while secretary of state”, p.212

A government debt is a government claim against personal income and private property - an unpaid tax bill.

Hans F. Sennholz
Government Debt, Liberty, Income

We must not let our rulers load us with perpetual debt.

Thomas Jefferson
Government Welfare, Government Debt, Historical
Thomas Jefferson (2011). “Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way”, p.26, Skyhorse Publishing, Inc.

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.

Thomas Jefferson
Wisdom, War, Government Debt
Thomas Jefferson (2010). “The Works of Thomas Jefferson: Correspondence and Papers, 1816-1826”, p.184, Cosimo, Inc.

As a very important source of strength and security, cherish public credit.

George Washington
Government Debt, Important, Credit
George Washington, John Jay, Jared Sparks (1850). “Washington's Farewell Address to the People of the United States of America”, p.36, New York : J. Wiley

I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom.

Thomas Jefferson
Government Debt, People, Revolution
Thomas Jefferson (2011). “Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way”, p.26, Skyhorse Publishing, Inc.

..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.

George Washington
War, Government Debt, Owing A Debt
George Washington, William Jackson (1838). “Monuments of Washington's Patriotism: Containing a Fac Simile of His Publick Accounts Kept During the Revolutionary War; and Some of the Most Interesting Documents Connected with His Military Command and Civil Administration; Embracing, Among Others, the Farewell Address to the People of the United States”, p.16

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