National Debt Quotes - Page 4

• Will I obliterate national debt? Sure, why not?

  Pat Paulsen

  Why Not, Debt

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• When Hume and Adam Smith prophesied that a little increase of national debt beyond the then amount of it, would probably occasion bankruptcy; the main cause of their error was the natural one, of not being able to see the vast increase of productive power to which the nation would subsequently obtain.

  Thomas Malthus

  Errors, Able, Causes

  Thomas Robert Malthus “An Essay on the Principle of Population, Or, a View of Its Past and Present Effects on Human Happiness: With an Inquiry Into Our Prospects Respecting the Future Removal Or Mitigation of the Evils which it Occasions”, Cambridge University Press

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• It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.

  Ed Schultz

  Years, Two, Expansion

  Ed Schultz (2009). “Straight Talk from the Heartland: Tough Talk, Common Sense, and Hope from a Former Conservative”, p.51, Harper Collins

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• 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

  Example, Taxation, Debt

  Official Report of Proceedings of the Hong Kong Legislative Council (p. 213), March 24, 1966.

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• So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.

  Michael Hudson

  Running, Military, War

  "Adam Smith Critiques the Deficit Reduction Commission". Personal website, michael-hudson.com. December 06, 2010.

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• 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

  Important, Debt, Lessons

  "Jack Welch Gives 'Em Hell at VF/Bloomberg Panel". “No Visibility Ahead: Predicting What’s Next” panel, co-hosted by Vanity Fair and Bloomberg, www.vanityfair.com. May 29, 2009.

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• We don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires.

  Bernie Sanders

  Giving, Needs, Debt

  Source: www.cpa-connecticut.com

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• 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

  Order, Debt, Benefits

  "Social Security Is Not the Problem" by Rep. Hank Johnson, www.huffingtonpost.com. January 23, 2013.

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• We now have a president who tries to save money by turning off lights in the White House, even as he heads toward a staggering addition to the national debt. "L.B.J." should stand for Light Bulb Johnson.

  Barry Goldwater

  Light, White, House

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• According to an analysis by the Tax Policy Center, Donald Trump`s tax plan is going to increase the national debt by more than 50 percent over ten years.

  Lawrence O'Donnell

  Years, Analysis, Debt

  Source: www.msnbc.com

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• 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

  Taken, Worst Case Scenario, Long

  "Romney's unlikely role model" by Dee Dee Myers, www.politico.com. October 24, 2011.

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• Our forefathers made one mistake. What they should have fought for was representation without taxation.

  Fletcher Knebel

  Mistake, Should Have, Political

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• 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

  Country, Food, Wine

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• I pledge that I have no intention of raising taxes in my second term.

  William J. Clinton

  Stupid, Humorous, Political

  "Putting People On", reason.com. November 1, 1996.

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• It's a game. We tax lawyers teach the rich how to play it so they can stay rich-and the IRS keeps changing the rules so we can keep getting rich teaching them.

  John Grisham

  Teaching, Games, Play

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• The nation ought to have a tax system which looks like someone designed it on purpose.

  William E. Simon

  Political, Looks, Purpose

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• Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.

  Franklin D. Roosevelt

  War, Cutting, Thinking

  Roosevelt, Franklin D. (1950). “Public Papers of the Presidents of the United States: F.D. Roosevelt, 1942, Volume 11”, p.232, Best Books on

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• Shouldn't someone tag Mr. Kennedy's bold new imaginative program with its proper age? Under the tousled boyish haircut is still old Karl Marx - first launched a century ago. There is nothing new in the idea of a Government being Big Brother.

  Ronald Reagan

  Brother, Government, Ideas

  Ronald Reagan's Lettert to Richard Nixon, www.nytimes.com. October 27, 1984.

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• The taxing power of the Federal Government, my dear; the taxing power is sufficient for everything you want and need.

  Harlan F. Stone

  Government, Political, Needs

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• The modern spectacle of vanished forests and eroded lands, wasted petroleum and ruthless mining, national debts recklessly increased until they are repudiated, and continual revision of positive law, is evidence of what an age without veneration does to itself and its successors.

  Russell Kirk

  Law, Land, Age

  Russell Kirk (2001). “The Conservative Mind: From Burke to Eliot”, p.44, Regnery Publishing

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• 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

  Wisdom, Country, Believe

  Andrew Jackson, Sam B. Smith, Harriet Fason Chappell Owsley, Harold D. Moser (1996). “The Papers of Andrew Jackson: 1821-1824”, p.399, Univ. of Tennessee Press

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• It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people's credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.

  Thomas A. Edison

  Country, Government, People

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• On a nationwide basis, I would guess that the various churches would have to pay annually an amount at least equal to the national debt. But it's impossible for me to make an exact estimate, because the churches hide their wealth in every way they can - deliberate falsification as to the value of property, registering it under phony names in order to obscure the fact that the Church owns the property.

  Madalyn Murray O'Hair

  Order, Names, Church

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• Obama and his Democrats need to be placed on the defensive. They are the primary drivers of this spending; they are the obstructers of entitlement reform and the national debt continues to burn while they fiddle.

  David Limbaugh

  Reform, Needs, Debt

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• 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

  Tired, Cutting, People

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