Borrowing Quote by John C. Calhoun
“It is admitted on all sides that we must equalize the revenue and expenditures. The scheme of borrowing to make up an increasing deficit must, in the end, if continued, prove ruinous.”
About This Quote
Source Speech: Congressional Address, 1850
Borrowing to cover deficits harms the economy if it continues unchecked.
In simple terms: Debt to fund deficits is risky.
Avoid perpetual borrowing.
Themes
Mood
Type
When to use this quote
- national budgeting
- public spending
- economic planning
- policy debate
Key Concepts
Questions to Reflect On
- What are the limits of sustainable borrowing?
- How can deficits be reduced responsibly?
May ignore short‑term needs for long‑term stability.