--- title: "Meaning & Key Takeaway of: We borrowed money, it helped us with…" description: "\"We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not o..." image: "https://sms4smile.com/quotes/i/d6d/david-dinkins-19755_ahead-of-time_we-borrowed-money-it-helped-us-with-bond_2407260.jpg" --- # We borrowed money, it helped us with bonds and what not… ![“We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.” quote by David Dinkins](https://sms4smile.com/quotes/i/d6d/david-dinkins-19755_ahead-of-time_we-borrowed-money-it-helped-us-with-bond_2407260.jpg) [Download](https://sms4smile.com/quotes/i/d6d/david-dinkins-19755_ahead-of-time_we-borrowed-money-it-helped-us-with-bond_2407260.jpg) [Open image](https://sms4smile.com/quotes/i/d6d/david-dinkins-19755_ahead-of-time_we-borrowed-money-it-helped-us-with-bond_2407260.jpg) > “We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.” [David Dinkins](https://sms4smile.com/quotes/author/david-dinkins/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Government‑backed loans are temporary financial tools, not free money; they must be repaid responsibly and promptly. **In simple terms:** Loans are not gifts; they must be paid back. Key Takeaway Manage debt wisely; honor obligations. Themes finance government policy public debt responsibility budgeting Mood pragmatic cautious educational Type public finance economic policy When to use this quote - municipal budgeting - infrastructure projects - economic recovery - financial planning Key Concepts fiscal discipline public‑private partnership economic strategy Questions to Reflect On - How can governments ensure loans are used effectively? - What safeguards prevent misuse of public funds? A Different Perspective Repayment can strain resources if not planned. ★ ★ ★ ★ ★ No ratings yet [Borrowed money](https://sms4smile.com/quotes/about/borrowed-money/) [Federal government](https://sms4smile.com/quotes/about/federal-government/) [Government](https://sms4smile.com/quotes/about/government/) [Money](https://sms4smile.com/quotes/about/money/) [Ties](https://sms4smile.com/quotes/about/ties/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [I wouldn't be here if it were not for the grant system that paid for me to go to art school - because my…](https://sms4smile.com/quotes/peter-capaldi/i-wouldn-t-be-here-if-it-were-not-for-the-grant-system-that-paid-for/) [Peter Capaldi](https://sms4smile.com/quotes/author/peter-capaldi/) > [It's nice to have dreams, but when you use borrowed money to achieve them and act as if money grows on trees, you may…](https://sms4smile.com/quotes/maxime-bernier/it-s-nice-to-have-dreams-but-when-you-use-borrowed-money-to-achieve/) [Maxime Bernier](https://sms4smile.com/quotes/author/maxime-bernier/) > [Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years…](https://sms4smile.com/quotes/alan-greenspan/look-i-m-very-much-in-favor-of-tax-cuts-but-not-with-borrowed-money/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for…](https://sms4smile.com/quotes/grant-cardone/avoid-debt-that-doesn-t-pay-you-make-it-a-rule-that-you-never-use/) [Grant Cardone](https://sms4smile.com/quotes/author/grant-cardone/) > [“What was critical to my father was that we not "go into government". His father and mother had both worked in the Treasury Department;…](https://sms4smile.com/quotes/patrick-j-buchanan/what-was-critical-to-my-father-was-that-we-not-go-into-government-his/) Patrick J. Buchanan > [Our philosophy has been to be fiscally conservative, so we can be operationally aggressive. We're not using borrowed money to grow. So we'll put…](https://sms4smile.com/quotes/wayne-huizenga/our-philosophy-has-been-to-be-fiscally-conservative-so-we-can-be/) [Wayne Huizenga](https://sms4smile.com/quotes/author/wayne-huizenga/) > [I can get no remedy against this consumption of the purse: borrowing only lingers and lingers it out, but the disease is incurable.](https://sms4smile.com/quotes/william-shakespeare/i-can-get-no-remedy-against-this-consumption-of-the-purse-borrowing/) [William Shakespeare](https://sms4smile.com/quotes/author/william-shakespeare/) > [“I generally find,' Clent murmured after a pause, 'that it is best to treat borrowed time the same way as borrowed money. Spend it…](https://sms4smile.com/quotes/frances-hardinge/i-generally-find-clent-murmured-after-a-pause-that-it-is-best-to/) [Frances Hardinge](https://sms4smile.com/quotes/author/frances-hardinge/) > [An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if…](https://sms4smile.com/quotes/john-maynard-keynes/an-investor-who-proposes-to-ignore-near-term-market-fluctuations/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [A lifelong friend is someone you haven't borrowed money from yet.](https://sms4smile.com/quotes/anonymous/a-lifelong-friend-is-someone-you-haven-t-borrowed-money-from-yet/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [When you buy enough stocks to give you control of a target company, that's called mergers and acquisitions or corporate raiding. 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Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I love awards, especially if I get them. It's up to the courage of the filmmakers to make art in cinema, not just business.…](https://sms4smile.com/quotes/ben-gazzara/i-love-awards-especially-if-i-get-them-it-s-up-to-the-courage-of-the/) [Ben Gazzara](https://sms4smile.com/quotes/author/ben-gazzara/) ## More by David Dinkins > [As a matter of fact, even when I finished law school, I had no notion of public service then.](https://sms4smile.com/quotes/david-dinkins/as-a-matter-of-fact-even-when-i-finished-law-school-i-had-no-notion/) [David Dinkins](https://sms4smile.com/quotes/author/david-dinkins/) > [You can be anything you want to be. You can be a street sweeper, if you want. 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