Our national debt after all is an internal debt owed…

Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.

Sourced

Franklin D. Roosevelt, Address to the American Retail Federation, Washington, D.C. (May 22, 1939)

Other Debt Quotes

Debt is the worst poverty. - View Quote Details on Debt is the worst poverty.
You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word. - View Quote Details on You must, to get through life well, practice industry with…
Forgive us out debts, as we forgive our debtors. - View Quote Details on Forgive us out debts, as we forgive our debtors.
It’s dynamite to spend future earnings. I have had a taste of it myself, and it’s mighty bitter. A debt is a debt, whether it’s margins or mortgages; and debts are all the same, no matter how you try to camouflage ‘em. You never get much out of ‘em except trouble. On the farm or in Wall Street, if you use the other fellow’s money, it costs you a lot more than it’s worth. - View Quote Details on It’s dynamite to spend future earnings. I have had a…
One who restrains his appetites avoids debt. - View Quote Details on One who restrains his appetites avoids debt.
Now a promise made is a debt unpaid, and the trail has its own stern code. - View Quote Details on Now a promise made is a debt unpaid, and the…
The human species, according to the best theory I can form of it, is composed of two distinct races, the men who borrow, and the men who lend. - View Quote Details on The human species, according to the best theory I can…
Be assured that it gives much more pain to the mind to be in debt, than to do without any article whatever which we may seem to want. - View Quote Details on Be assured that it gives much more pain to the…
I’m in debt. I am a true American. - View Quote Details on I’m in debt. I am a true American.
Creditors have better memories than debtors; and creditors are a superstitious sect, great observers of set days and times. - View Quote Details on Creditors have better memories than debtors; and creditors are a…