Peter Kropotkin Quotes

The greatest threat to our national security is our debt. We borrow a million dollars a minute.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

The American people care about the fact that we have $17 trillion in debt and 10 percent of every tax dollar that's coming in is going to pay for past overspending.

The biggest debt is always the government debt; it's always debt that government has run up on your behalf.

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.

Public debt [is] a burden on all the people.

It took the first 204 years of our Nation's history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.

It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.

When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.

The country - or the government - is headed for bankruptcy. So we're going to be continuing to speak out against corporate welfare as something that hurts everybody except those direct beneficiaries.

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.

People don’t want Washington to grow faster than their ability to pay for it.

To add current expenses of the Government to the national debt ... and thereby pass the current cost of government to the next generation is not only bad financing but very bad statesmanship.

A public debt is a public curse and in a representative government greater than any other.

The biggest enemy of the United States is not some terrorist hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility

Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt

Between debt and taxes Americans had usually chosen debt.

Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier…

The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

The federal government is enormous; it never shrinks. And the interest is killing us.

The interest on our debt is going to collapse this country.

Our national debt poses a threat to all Americans and is particularly troublesome both for well-established businesses and for those seeking to enter into the marketplace.

We have to deal with the nation's debt.