“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)
“Debt can rob you of your future because you are using the money you earn today to pay off things from the past”
Source: https://www.bankrate.com/finance/credit-cards/how-credit-cards-can-help-during-a-recession/
Last update Dec. 28, 2023. History
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Andrew Lokenauth3
Personal finance expert, writer and public speaker 1987Related quotes
Ralph Waldo Emerson English Traits
English Traits (1856), reprinted in The Prose Works of Ralph Waldo Emerson, Vol. 2 (Boston: Fields, Osgood, & Co., 1870), p. 206 ( full text at GoogleBooks http://books.google.com/books?id=21IRAAAAYAAJ&pg=PA206)
“To pay off the debt was to destroy the money supply.”
John Kenneth Galbraith (1908–2006) American economist and diplomat
Source: Money: Whence It Came, Where It Went (1975), Chapter VIII, The Great Compromise, p. 90
Context: In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
G. Gordon Liddy (1930) American lawyer in Watergate scandal
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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)
Steve Maraboli (1975)
Source: Life, the Truth, and Being Free (2010), p. 61
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Paragraphs by Robert Quillen, Detroit Free Press, 4 June 1928. (via Newspapers.com)
“Now, you have to tighten your belts, because we, your leaders, mis-spent your hard-earned money.”
Bill Hicks (1961–1994) American comedian
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Rant in E-Minor (1997)