“My budget blueprint will restrain spending, yet meet growing needs with a reasonable 4 percent growth rate, which is a little more than inflation. After paying the bills, my plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire. That would be a good worry to have. Finally, along with funding our priorities and paying down debt, my plan returns about one out of every four dollars of the surplus to the American taxpayers, who created the surplus in the first place. A surplus in tax revenue, after all, means that taxpayers have been overcharged. And usually when you've been overcharged, you expect to get something back. Tax relief means real help for both American families and the American economy. Everybody who pays income taxes will receive a tax cut. Nobody will be targeted in, and nobody will be targeted out. The typical family will get about $1,600 in tax relief, and that's real money. And that's money that will help American families manage their own accounts, manage your own balance sheets.”

— George W. Bush

2000s, 2001, Radio Address to the Nation (February 2001)

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George W. Bush 675

43rd President of the United States 1946

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“My plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire.”

George W. Bush (1946) 43rd President of the United States

Presidential Radio Address (24 February 2001) http://www.cbsnews.com/stories/2001/02/24/national/main274334.shtml
2000s, 2001

“We’re going to refinance everyone’s existing student debt, 40 million Americans have student debt. … Under my plan, you will be able to also lower your debt, move into a program to pay it back as a percentage of your income and more than that, my plan for debt-free tuition at public colleges and universities will eventually eliminate any student debt. But for people who have it, I’m going to put a date certain that after a certain number of years, you no longer have to pay anything. The government has to quit making money off of lending money to young people to get their education.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Democratic Presidential Debate in Miami (March 9, 2016)

“Because what it turns out is, is that if a -- the best way for a country to reduce its debt is to grow really fast, and to generate more income.”

Barack Obama (1961) 44th President of the United States of America

2015, Town Hall meeting with Young Leaders of the Americas (April 2015)

“Worrying is like paying a debt you don't owe.”

Mark Twain (1835–1910) American author and humorist

“The art and mystery of banks… is established on the principle that 'private debts are a public blessing.' That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

ME 13:420
1810s, Letters to John Wayles Eppes (1813)

“Wilt thou seal up the avenues of ill?
Pay every debt, as if God wrote the bill!”

Ralph Waldo Emerson (1803–1882) American philosopher, essayist, and poet

Suum Cuique
Bartlett's Familiar Quotations, 10th ed. (1919)
Variant: Wilt thou seal up the avenues of ill?
Pay every debt, as if God wrote the bill!

“991. Speake not of my debts, unlesse you mean to pay them.”

George Herbert (1593–1633) Welsh-born English poet, orator and Anglican priest

Jacula Prudentum (1651)

“We can pay our debts to the past by putting the future in debt to ourselves.”

John Buchan (1875–1940) British politician

Address to the people of Canada on the coronation of George VI (12 May 1937)

“I'll cut out government spending that's not working, that we can't afford, but I'm also going to ask anybody making over $250,000 a year to go back to the tax rates they were paying under Bill Clinton, back when our economy created 23 million new jobs, the biggest budget surplus in history and everybody did well. Just like we've tried their plan, we tried our plan — and it worked. That's the difference. That's the choice in this election. That's why I'm running for a second term.”

Barack Obama (1961) 44th President of the United States of America

Campaign speech http://www.whitehouse.gov/the-press-office/2012/07/24/remarks-president-campaign-event, Oakland, California, , quoted in
Partially quoted as "We tried our plan and it worked. That's the difference. That's the choice in this election. That's why I'm running for a second term." in Mitt Romney " It Worked http://www.youtube.com/watch?v=x0etEmiCL8M" campaign ad ()
2012

“Once we have funded our national security and our homeland security, the final great priority of my budget is economic security for the American people. To achieve these great national objectives — to win the war, protect the homeland, and revitalize our economy — our budget will run a deficit that will be small and short-term, so long as Congress restrains spending and acts in a fiscally responsible manner. We have clear priorities and we must act at home with the same purpose and resolve we have shown overseas: We'll prevail in the war, and we will defeat this recession.”

George W. Bush (1946) 43rd President of the United States

2000s, 2002, State of the Union address (January 2002)

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George W. Bush 675

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