National Bankruptcy Quotes

Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.

The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

Economic growth must be the central issue because it is only through growth that the devastating threat of national bankruptcy can be averted. Furthermore, it is only by reviving American economic growth that the West's global predominance can be sustained, and peace and freedom kept secure around the world.

We have to have structural entitlement reform, major spending cuts and not tax increase-retardants on economic growth to reverse our current course toward national bankruptcy, but Obama steadfastly remains on the wrong side of all these solutions.

At Philadelphia and all my journey through the Country, I endeavored to impress upon those in power the necessity of sending clothing and supplies of every kind immediately to this Army. But poverty was urged as a plea or bar to every application. They all promised fair; but I fear will do but little: ability is wanting with some and inclination with others. Public credit is so totally lost, that private people will not give their aid, though they see themselves involved in one common ruin.

Obama is a human wrecking ball single-handedly destroying our economy and bankrupting the nation.

Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.

The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance.

What most Americans don't realize is there is an unholy alliance. They come together. There's a secret handshake. We spend more money on everything. And we are not stronger nation if we go further into debt. We are not projecting power from bankruptcy court.

Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.