A Quote by Thomas Jefferson

No generation has a right to contract debts greater than can be paid off during the course of its own existence.

Thomas Jefferson

Quote Topics

Contract Course Debts Existence Generation Greater Off Own Paid Paid Off Right Than

Quote Author

Thomas Jefferson
American - President
April 13, 1743 - July 4, 1826

The earth belongs to the living. No man can, by natural right, oblige the lands he occupied or the persons who succeed him in that occupation, to the payment of debts contracted by him. For if he could, he might, during his own life, eat up the use of the lands for several generations to come, and then the lands would belong to the dead, and not to the living. No generation can contract debts greater than may be paid during the course of its own existence.

Thomas Jefferson

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

Michael Hudson

What I'm most proud of is that I paid off all the debts of my household.

Ji Chang-wook

In Heaven, there are no debts - all have been paid, one way or another - but in Hell there's nothing but debts, and a great deal of payment is exacted, though you can't ever get all paid up. You have to pay, and pay, and keep on paying. So Hell is like an infernal maxed-out credit card that multiplies the charges endlessly.

Margaret Atwood

We do not want Ukraine to default. On the contrary, we need an economically viable partner. However, debts should be paid, and this includes state and commercial debts

Dmitry Medvedev

I'd decided that the day I paid off all my debts, I would get married. Exactly two months later, I got hitched.

Sajid Nadiadwala

We were granted the right to exist by the God of our fathers at the glimmer of the dawn of human civilization nearly 4,000 years ago. For that right, which has been sanctified in Jewish blood from generation to generation, we have paid a price unexampled in the annals of the nations.

Menachem Begin

It is a quirk of American culture that each generation of nonconservatives sees the right-wingers of its own generation as the scary ones, then chooses to remember the right-wingers of the last generation as sort of cuddly.

Rick Perlstein

I can't tell you the number of times I was one of the first people at the arenas or at TV, constantly trying to better myself. I can honestly say that my hard work paid off. My resilience paid off. My persistence paid off.

Michelle McCool

When debts are not paid because they cannot be paid, the best thing to do is not talk about them, and shuffle the cards again.

Camilo Jose Cela

I feel bad for the kids that are in school right now and the young people all across America who don't realize that the grownups who are supposed to be running this country are the verge of leaving them as the first generation of Americans worse off than the generation before.

Marco Rubio

I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.

Jeremy Grantham

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

Of course, there is no greater honour than to captain your own country.

Edin Dzeko

We paid off our debts, we learned some, made friends and returned in 1950 with a larger view of life. I had, however, no home, no income of any kind and no prospects whatsoever.