Happy Presidents' Day 2016! Today is a good day to reflect on the history of our nation and remember the 44 Presidents that served our country. But rather than offering up random historical memories of our greatest presidents, GradFin is going to focus in on how several of our Presidents felt about DEBT.
Here are some of the noteworthy Presidential quotes on Debt:
"No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable."— George Washington (1732-1799) Father of the Country, 1st President of the United States
“I place economy among the first and most important of virtues, and public debt as the greatest of dangers to be feared.” - Thomas Jefferson, 3rd President of the U.S.
"I regret, as much as any member, the unavoidable weight and duration of the burdens to be imposed; having never been a proselyte to the doctrine, that public debts are public benefits. I consider them, on the contrary, as evils which ought to be removed as fast as honor and justice will permit." — James Madison (1751-1836) Father of the Constitution, 4th President of the United States
“Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.”— Rutherford B. Hayes (1822–1893) Nineteenth President of the United States
"Blessed are the young, for they shall inherit the national debt." -Herbert Hoover (1874-1964), 31st President of the U.S.
"Any Government, like any family, can for a year spend a little more than it earns. But you and I know that a continuation of that habit means the poorhouse." -- Franklin Delano Roosevelt
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