“A debt is just as hard for a Government to pay as it is for an individual. No debt ever comes due at a good time. Borrowing is the only thing that seems handy all the time.” HardSeemsGovernmentIndividualPayDebtDuesGood TimesBorrowingHandy Book:Will Rogers Speaks: Over 1,000 Timeless Quotations for Public Speakers (writers, Politicians, Comedians, Browsers ...) Source: Will Rogers Speaks: Over 1,000 Timeless Quotations for Public Speakers (writers, Politicians, Comedians, Browsers ...)
“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.” GovernmentRunningProcessEconomyBalanceCircumstancesPressureEtcMore MoneyReservesSevereTaxationInflationDeficitPaymentMonetaryBorrowingFinancing Author:John James Cowperthwaite
“Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.” PeopleGovernmentSufferingPoorMiddleTaxesLowsWorkersBurdenSpendingIncomeInflationBorrowingDeceitfulGovernment SpendingTax Burden Author:Ron Paul