A Quote by George Washington

There is no practice more dangerous than that of borrowing money

George Washington

Quote Topics

Borrowing Borrowing Money Dangerous Money More Practice Than

Quote Author

George Washington
American - President
February 22, 1732 - December 14, 1799

Big banks are more dangerous than standing armies, and the practice of borrowing and spending money to be paid back by the next generation is stealing from their future.

Thomas Jefferson

There is no practice more dangerous than that of borrowing money; for when money can be had in this way, repayment is seldom thought of in time, the interest becomes a loss, exertions to raise it by dent of industry cease, it comes easy and is spent freely, and many things (are) indulged in that would never be thought of if (they were) to be purchased by the sweat of the brow.

George Washington

The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.

John Podhoretz

Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay - that 'someone else' is you. There is no such thing as public money; there is only taxpayers' money.

Margaret Thatcher

If borrowing and spending all this money led to more jobs than we would be at full employment already.

Paul Ryan

Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.

Richard Wagner

Nothing is more dangerous in practice, than an obstinate, unbending adherence to a system, particularly in its application to the wants and errors of mankind.

Jean-Baptiste Say

The way anything is developed is through practice practice practice practice practice practice practice practice practice and more practice.

Joyce Meyer

That's the real secret to job creation - not borrowing and spending more money in Washington.

Paul Ryan

Do more than belong: participate. Do more than care: help. Do more than believe: practice. Do more than be fair: be kind. Do more than forgive: forget. Do more than dream: work.

William Arthur Ward

I would borrow money all day long, if the cost of borrowing is less than the expected return.

Brad Schneider

Suddenly all those careful preparations disintegrated as predators far more dangerous than the walking dead proved what all wise killers already knew: that nothing was more dangerous than living men.

Jonathan Maberry

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

Warren Buffett

Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.