“With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect... a small movement can tip the boat.”
“I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”
“Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people”
“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 go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other”
“Imagine a debt free me. It's possible”
“Bad debt is debt that is used to enhance consumption.”
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