Quotes About Federal Debt

#1. Lif and Lifthrasir will have children. Their children will have children.
There will be life and new life, life everywhere on earth. That was the end; and this is the beginning.

Kevin Crossley-Holland

#2. Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there.

Mark Steyn

#3. It is a tragedy that most of us die before we have begun to live.

Erich Fromm

#4. Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government's failure to prevent this disaster.

Kevin McCarthy

#5. I actually had a chance to be in Delta Farce, but I couldn't do it because I read the script.

Jeff Foxworthy

#6. Students can spend their money better than government can. It should not require a federal loan and decades of debt for students to get a college degree. Price limits access - plain and simple.

Rick Scott

#7. In time of peace there can, at all events, be no justification for the creation of a permanent debt by the Federal Government. Its limited range of constitutional duties may certainly under such circumstances be performed without such a resort.

Martin Van Buren

#8. Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.

David Malpass

#9. The federal debt in this country is principally of Republican design.

Daniel Keys Moran

#10. Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt.

John Thune

#11. As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street It's the growing federal debt (and weakening dollar) being enacted by those Washington politicians - the ones who want to protect us from Wall Street.

Tony Blankley

#12. Rain, forever raining. Drown me in sleep. And soon.

Jean Rhys

#13. Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.

Mark Kirk

#14. A book and a movie are different animals. You need a cinematic perspective to be involved in the motion pictures. And this is something I lack.

Ashwin Sanghi

#15. Getting knocked down in life is a given; getting up and moving forward is a choice.

Zig Ziglar

#16. The Federal Reserve will not monetize the debt.

Ben Bernanke

#17. Well, the problem of the federal government is that they print money and go in debt. That's their national policy, Democrats and Republicans it doesn't matter. And this is where I differ.

Richard M. Daley

#18. To avoid the necessity of a permanent debt and its inevitable consequences, I have advocated and endeavored to carry into effect the policy of confining the appropriations for the public service to such objects only as are clearly with the constitutional authority of the Federal Government.

Martin Van Buren

#19. The bailout of Fannie Mae is completely off the books. It's going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt.

Leonard Lance

#20. The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury ... and has created out of nothing a ... debt which the American people are obliged to pay with interest.

Wright Patman

#21. President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own bipartisan National Commission on Fiscal Responsibility and Reform - and submitted no plan for entitlement reform.

Glenn Hubbard

#22. In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

John Kenneth Galbraith

#23. If at times my words seem angry, you must forgive me. In my mind, there is great anger. No one who has seen the suffering of our children and the tears of our grandmothers cannot be angry. But in my heart I struggle to forgive, because the land is my teacher, and the land says to forgive.

Kent Nerburn

#24. Lending dollars to the U.S. government is essentially riskless because the U.S. government can always pay such debts. If necessary, the Federal Reserve can print dollars to pay the debt.

Anat Admati

#25. The federal government is far larger than the Founding Fathers ever intended it to be. We have racked up over $16 trillion of debt through wasteful spending, and it is time that we cut that waste and start reducing the size of our government.

Matt Salmon

#26. It defies logic that protections against predatory debt collection practices don't apply to debt collectors hired by the federal government.

Cory Booker

#27. Since there is no orderly way to liquidate the federal debt, we must brace for a payment crisis.

Hans F. Sennholz

#28. For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it.

Ron Paul

#29. I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year.

Carly Fiorina

#30. Till you can sing and rejoice and delight in God as misers do in gold, and kings in scepters, you can never enjoy the world.

Thomas Traherne

#31. Everything that can be found in the universe on a large scale is reflected in a human being on a small scale.

Franz Bardon

#32. From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn't matter because we owe most of it to ourselves.

Steven Rattner

#33. As far as being satisfied, I just don't think you should work towards being satisfied. If everybody were satisfied, we'd never get anything done.

Jason Isbell

#34. Although federal revenues nearly doubled during the Reagan years, federal spending far exceeded that pace and drove the national debt from $909 billion to $2.6 trillion between 1980 and 1988, by far the highest it had ever been.

Douglas Brinkley

#35. I'm all self-taught. I never had a teacher. Even for English, and French, and German, I hardly went to school.

Karl Lagerfeld

#36. 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

#37. 100% of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.

Ronald Reagan

#38. Ignorance is toxic. If a man hands you a cup of coffee and pours in what he calls liquid sugar when the container clearly says poison, how bliss is your ignorance?

James Jean-Pierre

#39. The federal government ... announced a plan to spend, like, a trillion of taxpayer dollars to buy out bad mortgages and debt. Wall Street was surprisingly enthusiastic about the plan to save their (butts) with other peoples' money. It was either that, or Sarah Palin's idea to sell it all on eBay.

Bill Maher