Contents
-AUTHOR INDEX -KEYWORD INDEX -BIBLIOGRAPHIC RECORD
Respectfully Quoted: A Dictionary of Quotations. 1989.
| |
|
NUMBER:
|
809 |
|
AUTHOR:
|
Franklin Delano Roosevelt (1882–1945) |
|
QUOTATION:
|
If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the people’s power to pay and continues to pile up deficits, then it is on the road to bankruptcy. |
|
ATTRIBUTION:
|
FRANKLIN D. ROOSEVELT, governor of New York, campaign address on the federal budget, Pittsburgh, Pennsylvania, October 19, 1932.—The Public Papers and Addresses of Franklin D. Roosevelt, 1928–1932, p. 797 (1938). |
|
SUBJECTS:
|
Government spending |
| |
