I haven't inherited the earth from my parents, I am borrowing it from my children.
If borrowing and spending all this money led to more jobs than we would be at full employment already.
Borrowing and spending is not the way to prosperity.
What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.
That's the real secret to job creation - not borrowing and spending more money in Washington.
I care not so much what I am to others as what I am to myself. I will be rich by myself, and not by borrowing.
Additionally, borrowing a page from U.S. foreign policy, I decided to send a message to a government that was becoming increasingly hostile.
Borrowing is not much better than begging; just as lending with interest is not much better than stealing.
We must take away the government's credit card. With limits on both tax revenue and borrowing, the Federal government would finally be forced to get serious about spending cuts.
Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.
As I have said for many years throughout this land, we're borrowing money from China to buy oil from the Persian Gulf to burn it in ways that destroy the future of human civilization. Every bit of that has to change.
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.
If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'
But if our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'