Debt By Founding Fathers Quotes

• Para preservar nuestra independencia, no debemos dejar que nuestros gobernantes nos carguen con deudas perpetuas. Debemos elegir entre economía y libertad, o profusión y servidumbre.

  Thomas Jefferson

  Deuda pública, Independencia, Libertad

  Thomas Jefferson, Jean M. Yarbrough (1963). "The Essential Jefferson", p.242, Hackett Publishing

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• It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

  Thomas Jefferson

  Wisdom, War, Government Debt

  Thomas Jefferson (2010). “The Works of Thomas Jefferson: Correspondence and Papers, 1816-1826”, p.184, Cosimo, Inc.

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• I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing.

  Thomas Jefferson

  Medio, Gobierno, Política

  Thomas Jefferson (1829). “Memoir, correspondence, and miscellanies from the papers of T. Jefferson”, p.404

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• To contract new debts is not the way to pay old ones.

  George Washington

  Debt, Pay, Way

  George Washington, John Clement Fitzpatrick, David Maydole Matteson (1799). “The Writings of George Washington from the Original Manuscript Sources, 1745-1799”, p.177

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• Si se permite que un gobierno deje de pagar sus deudas, se derriba toda moralidad pública, se desbaratan todos los principios que preservan los límites de las constituciones libres. Nada puede afectar más a la prosperidad nacional que una atención constante y sistemática para extinguir la deuda actual y evitar, en la medida de lo posible, incurrir en nuevas deudas.

  Alexander Hamilton

  Government, Principles, Attention

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• No debemos dejar que nuestros gobernantes nos carguen con deudas perpetuas.

  Thomas Jefferson

  Bienestar público, Deuda pública, Histórico

  Thomas Jefferson (2011). "Jefferson sobre la libertad: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way", p.26, Skyhorse Publishing, Inc.

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• Piensa en lo que haces cuando te endeudas: das a otro poder sobre tu libertad

  Benjamin Franklin

  Correr, pensar, sin deudas

  Benjamin Franklin (2004). "El almanaque del pobre Richard", p.291, Barnes & Noble Publishing

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• I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

  Thomas Jefferson

  Believe, Army, Names

  Thomas Jefferson (1829). “Memoir, Correspondence, and Miscellanies: From the Papers of Thomas Jefferson”, p.277

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• De todos los enemigos de la libertad pública, la guerra es quizás el más temible, porque comprende y desarrolla el germen de todos los demás. La guerra es el origen de los ejércitos; de éstos proceden las deudas y los impuestos; y los ejércitos, las deudas y los impuestos son los instrumentos conocidos para someter a la mayoría a la dominación de unos pocos... Ninguna nación podría preservar su libertad en medio de una guerra continua.

  James Madison

  Inspirational, War, Army

  "Political Observations" by James Madison, founders.archives.gov. April 20, 1795.

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• But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.

  Thomas Jefferson

  Wise, Government, Debt Free

  Thomas Jefferson, Brett F. Woods (2009). “Thomas Jefferson: Thoughts on War and Revolution : Annotated Correspondence”, p.93, Algora Publishing

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• No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.

  George Washington

  President, Delay, Redemption

  George Washington (1855). “Maxims of Washington: Political, Social, Moral, and Religious”, p.120

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• El que va de prestado va de triste.

  Benjamin Franklin

  Money, Awe Inspiring, Poor Richard

  Benjamin Franklin William Temple Franklin (1818). "Memorias de la vida y escritos de Benjamin Franklin...", p.252, Impreso para H. Colborn

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• The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt are indications soliciting the employment of the pruning knife.

  Thomas Jefferson

  Knives, Government Debt, Office

  Thomas Jefferson (1855). “The Writings of Thomas Jefferson: Correspondence. Reports and opinions while secretary of state”, p.212

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• Las consecuencias derivadas de la continua acumulación de deuda pública en otros países deberían alertarnos para evitar su crecimiento en el nuestro.

  John Adams

  Country, Government, Growth

  John Adams, Charles Francis Adams (1854). “The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations”, p.126

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• ...evitando asimismo la acumulación de deudas, no sólo evitando las ocasiones de gasto, sino realizando vigorosos esfuerzos en tiempos de paz para saldar las deudas que las inevitables guerras hayan ocasionado, no arrojando sin generosidad sobre la posteridad la carga que nosotros mismos deberíamos soportar.

  George Washington

  War, Government Debt, Owing A Debt

  George Washington, William Jackson (1838). “Monuments of Washington's Patriotism: Containing a Fac Simile of His Publick Accounts Kept During the Revolutionary War; and Some of the Most Interesting Documents Connected with His Military Command and Civil Administration; Embracing, Among Others, the Farewell Address to the People of the United States”, p.16

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• No hay principio más importante y fundamental en la legislación que el de que los medios y arbitrios deben ir siempre a la par de los compromisos públicos; que nuestras asignaciones deben ir siempre a la par de nuestras promesas. Decir que los Estados Unidos deben responder por veinticinco millones de dólares sin saber si se pueden proporcionar las formas y los medios, y sin saber si los que nos sucederán pensarán con nosotros sobre el tema, sería imprudente e injustificable. Señor, en mi opinión, sería arriesgar la fe pública de una manera contraria a toda idea de prudencia.

  James Madison

  Significar, Pensar, Saber

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• And as the vicissitudes of Nations beget a perpetual tendency to the accumulation of debt, there ought to be in every government a perpetual, anxious, and unceasing effort to reduce that, which at any times exists, as fast as shall be practicable consistently with integrity and good faith.

  Alexander Hamilton

  Integrity, Government, Effort

  United States. Dept. of the Treasury, Alexander Hamilton (1828). “Reports of the secretary of the Treasury of the United States”, p.101

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• It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, "never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith."

  Thomas Jefferson

  Wise, Government, Dollars

  Thomas Jefferson (1829). “Memoirs, Correspondence and Private Papers of Thomas Jefferson, Late President of the United States”, p.200

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• It is of the greatest consequence that the debt should, with the consent of the creditors, be remoulded into such a shape as will bring the expenditure of the nation to a level with its income. Till this shall be accomplished, the finances of the United States will never wear a proper countenance. Arrears of interest, continually accruing, will be as continual a monument, either of inability, or of ill faith and will not cease to have an evil influence on public credit.

  Alexander Hamilton

  Evil, Inability, United States

  "The Works of Alexander Hamilton".

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• Debemos elegir entre la economía y la libertad o la confusión y la servidumbre... Si nos endeudamos tanto, debemos pagar impuestos en nuestra carne y bebida, en nuestras necesidades y comodidades, en nuestro trabajo y en nuestras diversiones... si podemos evitar que el gobierno malgaste el trabajo del pueblo, bajo la pretensión de cuidar de él, será feliz".

  Thomas Jefferson

  Correr, Cuidar, Gobierno

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• Paz, comercio y amistad honesta con todas las naciones; alianzas con ninguna.

  Thomas Jefferson

  Paz, Honestidad, Guerra

  Primer discurso inaugural, 4 mar. 1801

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• States, like individuals, who observe their engagements, are respected and trusted: while the reverse is the fate of those who pursue an opposite conduct.

  Alexander Hamilton

  Fate, Opposites, Engagement

  United States. Dept. of the Treasury, Alexander Hamilton (1828). “Reports of the secretary of the Treasury of the United States”, p.4

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• Una deuda nacional, si no es excesiva, será para nosotros una bendición nacional.

  Alexander Hamilton

  Blessing, Conceited, Political

  Letter to Robert Morris, 30 Apr. 1781

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• De todos los enemigos de la libertad pública, la guerra es quizás el más temible, porque comprende y desarrolla el germen de todos los demás.

  James Madison

  Miedo, Guerra, Enemigo

  James Madison Ralph Ketcham, "Selected Writings of James Madison", Hackett Publishing.

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• As parents, we can have no joy, knowing that this government is not sufficiently lasting to ensure any thing which we may bequeath to posterity: And by a plain method of argument, as we are running the next generation into debt, we ought to do the work of it, otherwise we use them meanly and pitifully. In order to discover the line of our duty rightly, we should take our children in our hand, and fix our station a few years farther into life; that eminence will present a prospect, which a few present fears and prejudices conceal from our sight.

  Thomas Paine

  Family, Running, Children

  Thomas Paine (2006). “Common Sense: Addressed to the Inhabitants of America”, p.25, Cosimo, Inc.

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