Debt Quote by Daniel Patrick Moynihan
“A responsible government does not triple the national debt in eight years.”
About This Quote
Source Speech: Congressional Address, Daniel Patrick Moynihan, 1975
A responsible government should avoid dramatically increasing national debt in a short period.
In simple terms: Governments must manage debt responsibly.
Key Takeaway
Limit debt growth.
Themes
economics
politics
fiscal policy
Mood
cautious
serious
Type
policy
analytical
When to use this quote
- government budgeting
- policy making
- public debt management
- economic forecasting
Key Concepts
Public finance
budgetary restraint
Questions to Reflect On
- What safeguards prevent debt spikes?
- How to balance spending and debt?
A Different Perspective
Economic crises may force debt spikes.
![“People should be concerned about installing a more sensible, responsible government. What we [the burmese] need is a government that is accountable and transparent, so that the people know what it is doing and can judge for themselves whether or not they like what is being done.” quote by Aung San Suu Kyi](https://sms4smile.com/quotes/img-quotes/cbc/aung-san-suu-kyi-922_being-done_people-should-be-concerned-about-install_2206462.jpg)
