“Hopefully WorldCom will not use its debt-free status to start a price war.”
Jeff Kagan
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.”
Thomas Jefferson
“Solvency is maintained by means of a national debt, on the principle, ''If you will not lend me the money, how can I pay you?”
Ralph Waldo Emerson
“I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”
“I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other”
James Madison
“Whoso hath left debt and children, let him come to me; I am their patron, I will discharge his debt and befriend his children”
Muhammad
“Bad debt is debt that is used to enhance consumption.”
Gary Schatsky
