If our nation goes over a financial Niagara we won't have much strength and eventually we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years we will be spending more on interest payments than on national security. That is not as our military friends say a 'robust strategy.'
But if our nation goes over a financial Niagara we won't have much strength and eventually we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years we will be spending more on interest payments than on national security. That is not as our military friends say a 'robust strategy.'
That's the real secret to job creation - not borrowing and spending more money in Washington.
Don't cling to fame. You're just borrowing it. It's like money. You're going to die and somebody else is going to get it.
If borrowing and spending all this money led to more jobs than we would be at full employment already.
A poet ought not to pick nature's pocket. Let him borrow and so borrow as to repay by the very act of borrowing. Examine nature accurately but write from recollection and trust more to the imagination than the memory.
Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.
Whether they run a record company or a grocery store every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now not next year.
The debt-ceiling vote isn't about what will be done in the future it is about the integrity of America's commitment to support the bonds we issue. Elected officials have an obligation to maintain that integrity regardless of whether they voted for the programs that required the borrowing in the first place.
The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.