---
title: "25 Debt Quotes By Barack Obama"
description: "25 Debt quotes by Barack Obama. Plus more from Barack Obama and more Debt sayings from other authors."
image: "https://sms4smile.com/quotes/i/42e/barack-obama-17_debt_our-nation-owes-a-debt-to-its-fallen-her_1513065.jpg"
---

> [Our nation owes a debt to its fallen heroes that we can never fully repay, but we can honor their sacrifice.](https://sms4smile.com/quotes/barack-obama/our-nation-owes-a-debt-to-its-fallen-heroes-that-we-can-never-fully/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/42e/barack-obama-17_debt_our-nation-owes-a-debt-to-its-fallen-her_1513065.jpg)

> [I refuse to leave our children with a debt that they cannot repay.](https://sms4smile.com/quotes/barack-obama/i-refuse-to-leave-our-children-with-a-debt-that-they-cannot-repay/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/9bf/barack-obama-17_breaking-promises_i-refuse-to-leave-our-children-with-a-de_3089546.jpg)

> [Families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear.](https://sms4smile.com/quotes/barack-obama/families-across-america-are-feeling-the-pinch-as-they-watch-debts/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/362/barack-obama-17_america_families-across-america-are-feeling-the_1241116.jpg)

> [As a student of history, I also know civilization's debt to Islam.](https://sms4smile.com/quotes/barack-obama/as-a-student-of-history-i-also-know-civilization-s-debt-to-islam/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/cf4/barack-obama-17_christianity_as-a-student-of-history-i-also-know-civi_676891.jpg)

> [I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.](https://sms4smile.com/quotes/barack-obama/i-found-this-national-debt-doubled-wrapped-in-a-big-bow-waiting-for/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/b34/barack-obama-17_debt_i-found-this-national-debt-doubled-wrapp_947289.jpg)

> [I think we all know that world owes an enormous debt to Greece and the Greek people.](https://sms4smile.com/quotes/barack-obama/i-think-we-all-know-that-world-owes-an-enormous-debt-to-greece-and/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/b45/barack-obama-17_debt_i-think-we-all-know-that-world-owes-an-e_1717018.jpg)

> [And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments,…](https://sms4smile.com/quotes/barack-obama/and-i-want-to-work-with-this-congress-to-make-sure-americans-already/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/54c/barack-obama-17_congress_and-i-want-to-work-with-this-congress-to_2112450.jpg)

> [When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office,…](https://sms4smile.com/quotes/barack-obama/when-george-bush-came-into-office-we-had-surpluses-and-now-we-have/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/963/barack-obama-17_debt_when-george-bush-came-into-office-we-had_1973726.jpg)

> [It is important to combine structural reforms and good fiscal stewardship with a growth strategy, because when your economy's growing and more…](https://sms4smile.com/quotes/barack-obama/it-is-important-to-combine-structural-reforms-and-good-fiscal/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/ff6/barack-obama-17_debt_it-is-important-to-combine-structural-re_3046333.jpg)

> [But the basic principle that we’re going to have to see some of this debt written down, that the government is going…](https://sms4smile.com/quotes/barack-obama/but-the-basic-principle-that-we-re-going-to-have-to-see-some-of-this/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg)

> [We want our children to live in an America that isn't burdened by debt, that isn't weakened by inequality, that isn't threatened…](https://sms4smile.com/quotes/barack-obama/we-want-our-children-to-live-in-an-america-that-isn-t-burdened-by/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/87e/barack-obama-17_america_we-want-our-children-to-live-in-an-ameri_63888.jpg)

> [The fact that we are here today to debate raising America's debt limit is a sign of leadership failure... It is a…](https://sms4smile.com/quotes/barack-obama/the-fact-that-we-are-here-today-to-debate-raising-america-s-debt-2/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/250/barack-obama-17_america_the-fact-that-we-are-here-today-to-debat_854245.jpg)

> [When the economy is still struggling, putting people back to work, finding ways to spur economic activity, ultimately can help to reduce…](https://sms4smile.com/quotes/barack-obama/when-the-economy-is-still-struggling-putting-people-back-to-work/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/ee6/barack-obama-17_activity_when-the-economy-is-still-struggling-put_2626082.jpg)

> [The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a…](https://sms4smile.com/quotes/barack-obama/the-fact-that-we-are-here-today-to-debate-raising-america-s-debt/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/6e6/barack-obama-17_america_the-fact-that-we-are-here-today-to-debat_671261.jpg)

> [In America, we've set up a system whereby when you take on college debt, you will never have to pay more than…](https://sms4smile.com/quotes/barack-obama/in-america-we-ve-set-up-a-system-whereby-when-you-take-on-college/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/804/barack-obama-17_america_in-america-we-ve-set-up-a-system-whereby_1887608.jpg)

> [To those of you mourn the loss of a loved one today, my heart goes out to you. We remember that the…](https://sms4smile.com/quotes/barack-obama/to-those-of-you-mourn-the-loss-of-a-loved-one-today-my-heart-goes-out/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/cbf/barack-obama-17_blessing_to-those-of-you-mourn-the-loss-of-a-love_484445.jpg)

> [Rather than fight the same tired battles that have dominated Washington for decades, it's time to try something new. Let's invest in…](https://sms4smile.com/quotes/barack-obama/rather-than-fight-the-same-tired-battles-that-have-dominated/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/c92/barack-obama-17_battle_rather-than-fight-the-same-tired-battles_243066.jpg)

> [ The problem is that the way \[President\] Bush has done it over the last eight years is to take out a credit… ](https://sms4smile.com/quotes/barack-obama/the-problem-is-that-the-way-president-bush-has-done-it-over-the-last/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/384/barack-obama-17_cards_the-problem-is-that-the-way-president-bu_1918277.jpg)

> [Increasing America’s debt weakens us domestically and internationally . Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden…](https://sms4smile.com/quotes/barack-obama/increasing-america-s-debt-weakens-us-domestically-and-internationally/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/de4/barack-obama-17_america_increasing-america-s-debt-weakens-us-dom_349955.jpg)

> [What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last…](https://sms4smile.com/quotes/barack-obama/what-we-also-have-to-recognize-is-that-the-deficit-levels-that-i-m/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/bfd/barack-obama-17_buying_what-we-also-have-to-recognize-is-that-t_519944.jpg)

> [I love listening to these guys give us lectures about debt and deficits. I inherited a trillion-dollar deficit. ... This notion that…](https://sms4smile.com/quotes/barack-obama/i-love-listening-to-these-guys-give-us-lectures-about-debt-and/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/a37/barack-obama-17_bunch_i-love-listening-to-these-guys-give-us-l_2381166.jpg)

> [My hope is that we can get a Republican-Democratic agreement on how we strengthen Social Security as well as looking at some…](https://sms4smile.com/quotes/barack-obama/my-hope-is-that-we-can-get-a-republican-democratic-agreement-on-how/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/25b/barack-obama-17_agreement_my-hope-is-that-we-can-get-a-republican_1672031.jpg)

> [Of course, there's been a real debate about where to invest and where to cut, and I'm committed to working with members…](https://sms4smile.com/quotes/barack-obama/of-course-there-s-been-a-real-debate-about-where-to-invest-and-where/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/9f4/barack-obama-17_committed_of-course-there-s-been-a-real-debate-abo_987746.jpg)

> [As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit…](https://sms4smile.com/quotes/barack-obama/as-soon-as-the-recovery-is-well-under-way-we-need-to-set-up-a-long/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/211/barack-obama-17_debt_as-soon-as-the-recovery-is-well-under-wa_538071.jpg)

> [When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's…](https://sms4smile.com/quotes/barack-obama/when-the-economy-s-shrinking-providing-jobs-spending-on-things-like/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

[Image](https://sms4smile.com/quotes/i/a6b/barack-obama-17_care_when-the-economy-s-shrinking-providing-j_763827.jpg)

## Other authors on Debt

## More by Barack Obama

> [So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…](https://sms4smile.com/quotes/barack-obama/so-here-s-what-i-want-you-to-know-and-here-s-what-i-want-all-our-men/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [The peaceful transition of power is one of the hallmarks of our democracy.](https://sms4smile.com/quotes/barack-obama/the-peaceful-transition-of-power-is-one-of-the-hallmarks-of-our/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [As opposed to getting into arguments about, well, these folks have been treated fairly so now we're going to be doing things that, very…](https://sms4smile.com/quotes/barack-obama/as-opposed-to-getting-into-arguments-about-well-these-folks-have-been/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [Donald Trump is temperamentally unfit.](https://sms4smile.com/quotes/barack-obama/donald-trump-is-temperamentally-unfit/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [What we've said to the girls is: 'If you guys ever decide that you're going to get a tattoo, then mommy and me will…](https://sms4smile.com/quotes/barack-obama/what-we-ve-said-to-the-girls-is-if-you-guys-ever-decide-that-you-re/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [Nobody is listening to your telephone calls.](https://sms4smile.com/quotes/barack-obama/nobody-is-listening-to-your-telephone-calls/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [All of us take offense to anyone who reaps the rewards of living in America without taking on the responsibilities of living in America.…](https://sms4smile.com/quotes/barack-obama/all-of-us-take-offense-to-anyone-who-reaps-the-rewards-of-living-in/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [The world is complicated and full of grays, but there's still truth there to be found.](https://sms4smile.com/quotes/barack-obama/the-world-is-complicated-and-full-of-grays-but-there-s-still-truth/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [ That is another theme in the book \[Dreams from My Father\]. How do we exercise more empathy in our public discourse? How do we… ](https://sms4smile.com/quotes/barack-obama/that-is-another-theme-in-the-book-dreams-from-my-father-how-do-we/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [I can say across Europe that many principles that have been taken for granted here around free speech, and around civil liberties and an…](https://sms4smile.com/quotes/barack-obama/i-can-say-across-europe-that-many-principles-that-have-been-taken-for/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [So Americans understand the costs of war. Yet as a country, we will never tolerate our security being threatened, nor stand idly by when…](https://sms4smile.com/quotes/barack-obama/so-americans-understand-the-costs-of-war-yet-as-a-country-we-will/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [I want to thank the Greek people publicly for their humanitarian response to the crisis of so many migrants and refugees seeking safety in…](https://sms4smile.com/quotes/barack-obama/i-want-to-thank-the-greek-people-publicly-for-their-humanitarian/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [We had a farewell dinner for some of my senior staff, and generally everybody likes to talk about how cool I was.](https://sms4smile.com/quotes/barack-obama/we-had-a-farewell-dinner-for-some-of-my-senior-staff-and-generally/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [ It's good to get fresh legs in \[the White house\]. I think that it refreshes our democracy. ](https://sms4smile.com/quotes/barack-obama/it-s-good-to-get-fresh-legs-in-the-white-house-i-think-that-it/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

> [Believe it or not, entertainment is part of our American diplomacy, it is part of what makes us exceptional, part of what makes us…](https://sms4smile.com/quotes/barack-obama/believe-it-or-not-entertainment-is-part-of-our-american-diplomacy-it/)

[Barack Obama](https://sms4smile.com/quotes/author/barack-obama/)

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                        "text": "I think we all know that world owes an enormous debt to Greece and the Greek people.",
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                        "text": "And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments, so that student debt doesn't derail anyone's dreams.",
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                        "text": "When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it.",
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                        "text": "It is important to combine structural reforms and good fiscal stewardship with a growth strategy, because when your economy's growing and more revenue's coming in, that helps relieve debt.",
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                        "text": "But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.",
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                        "text": "We want our children to live in an America that isn't burdened by debt, that isn't weakened by inequality, that isn't threatened by the destructive power of a warming planet.",
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                        "text": "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.",
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                        "text": "When the economy is still struggling, putting people back to work, finding ways to spur economic activity, ultimately can help to reduce the structural deficits and debts that countries experience.",
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                        "text": "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.",
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                        "text": "In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. And what that will do is make sure that you will never be prevented from going to school just because of money. We want to make sure that you and others like you can succeed.",
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                        "text": "To those of you mourn the loss of a loved one today, my heart goes out to you. We remember that the blessings that we enjoy as Americans came at a dear cost. Our nation owes a debt to its fallen heroes that we cannot ever fully repay. But we can honor their sacrifice, and we must. We must honor it in our own lives by holding their memories close to our hearts, and heeding the example they set.",
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                        "text": "Rather than fight the same tired battles that have dominated Washington for decades, it's time to try something new. Let's invest in our people without leaving them a mountain of debt. Let's meet our responsibility to the citizens who sent us here. Let's try common sense.",
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                        "text": "The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.",
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                        "text": "Increasing America’s debt weakens us domestically and internationally . Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.",
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                        "text": "What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.",
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                        "text": "I love listening to these guys give us lectures about debt and deficits. I inherited a trillion-dollar deficit. ... This notion that somehow we caused the deficits is just wrong. It's just not true. ... If they start trying to give you a bunch of facts and figures suggesting that it's true, what they're not telling you is they baked all this stuff into the cake with those tax cuts and a prescription drug plan that they didn't pay for and the wars.",
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                        "text": "My hope is that we can get a Republican-Democratic agreement on how we strengthen Social Security as well as looking at some of these other major expenditures that we have that we've got to deal with to make sure that we're not just leaving you guys with a mountain of debt.",
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