--- title: "Meaning & Key Takeaway of: Borrowing and spending is not the way to…" description: "\"Borrowing and spending is not the way to prosperity.\" — Paul Ryan" image: "https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg" --- # Borrowing and spending is not the way to prosperity. ![“Borrowing and spending is not the way to prosperity.” quote by Paul Ryan](https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg) [Download](https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg) [Open image](https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg) > “Borrowing and spending is not the way to prosperity.” [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Relying on borrowing and spending prevents lasting wealth; sustainable prosperity requires saving and investing. **In simple terms:** Borrowing blocks wealth. Key Takeaway Focus on saving and investing. Themes financial responsibility wealth building frugality Mood practical serious Type advice educational When to use this quote - budgeting - home ownership - retirement planning - entrepreneurship Key Concepts economics personal finance Questions to Reflect On - How can you reduce debt? - What investment aligns with your values? A Different Perspective Economic downturns can affect investments. ★ ★ ★ ★ ★ No ratings yet [Borrowing](https://sms4smile.com/quotes/about/borrowing/) [Prosperity](https://sms4smile.com/quotes/about/prosperity/) [Wealth](https://sms4smile.com/quotes/about/wealth/) ## Related quotes > [If borrowing and spending all this money led to more jobs than we would be at full employment already.](https://sms4smile.com/quotes/paul-ryan/if-borrowing-and-spending-all-this-money-led-to-more-jobs-than-we/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [That's the real secret to job creation - not borrowing and spending more money in Washington.](https://sms4smile.com/quotes/paul-ryan/that-s-the-real-secret-to-job-creation-not-borrowing-and-spending/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [When government borrowing and spending go up, private borrowing and spending go down.](https://sms4smile.com/quotes/maxime-bernier/when-government-borrowing-and-spending-go-up-private-borrowing-and/) [Maxime Bernier](https://sms4smile.com/quotes/author/maxime-bernier/) > [You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.](https://sms4smile.com/quotes/wilbur-ross/you-cannot-just-keep-borrowing-more-and-more-and-keep-spending-more/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Think about last time you were broke ... now how well did it go with spending your way out of it? Did that work?](https://sms4smile.com/quotes/p-j-o-rourke/think-about-last-time-you-were-broke-now-how-well-did-it-go-with/) [P. J. O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [I live in Vegas, and I see people by the side of the road with cardboard signs who seem like they might have tried…](https://sms4smile.com/quotes/penn-jillette/i-live-in-vegas-and-i-see-people-by-the-side-of-the-road-with/) [Penn Jillette](https://sms4smile.com/quotes/author/penn-jillette/) > [We're all spending way too much of our time and energy trying to fight the stuff we can't change.](https://sms4smile.com/quotes/gayle-king/we-re-all-spending-way-too-much-of-our-time-and-energy-trying-to/) [Gayle King](https://sms4smile.com/quotes/author/gayle-king/) > [I'd been spending way too much money. I wasn't very sensible. I got to the point where I couldn't afford to even pay the…](https://sms4smile.com/quotes/chesney-hawkes/i-d-been-spending-way-too-much-money-i-wasn-t-very-sensible-i-got-to/) [Chesney Hawkes](https://sms4smile.com/quotes/author/chesney-hawkes/) > [What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know…](https://sms4smile.com/quotes/paul-ryan/what-i-m-concerned-about-is-endless-borrowing-which-is-going-to/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [We know better than to think that Republicans can win only on the failures of Democrats. It still comes down to a contest of…](https://sms4smile.com/quotes/paul-ryan/we-know-better-than-to-think-that-republicans-can-win-only-on-the/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [I am no longer going to go along with this idea that we're going to keep spending and borrowing and taking over and raising…](https://sms4smile.com/quotes/chris-matthews/i-am-no-longer-going-to-go-along-with-this-idea-that-we-re-going-to/) [Chris Matthews](https://sms4smile.com/quotes/author/chris-matthews/) > [But if our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing…](https://sms4smile.com/quotes/mitch-daniels/but-if-our-nation-goes-over-a-financial-niagara-we-won-t-have-much/) [Mitch Daniels](https://sms4smile.com/quotes/author/mitch-daniels/) > [Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it…](https://sms4smile.com/quotes/ludwig-von-mises/government-spending-cannot-create-additional-jobs-if-the-government/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Only by taking responsibility for oneself, to the greatest extent possible, can one ever be free, and only a free person can make responsible…](https://sms4smile.com/quotes/paul-ryan/only-by-taking-responsibility-for-oneself-to-the-greatest-extent/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare, or do we want to go…](https://sms4smile.com/quotes/paul-ryan/are-we-interested-in-treating-the-symptoms-of-poverty-and-economic/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) ## More by Paul Ryan > [When we're done simplifying the tax code, getting the lobbyist carve outs our of the tax code, lowering our rates and letting people have…](https://sms4smile.com/quotes/paul-ryan/when-we-re-done-simplifying-the-tax-code-getting-the-lobbyist-carve/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Grow jobs. Get this economy growing. Raise wages. Simplify the tax system, so it's easy to comply with.](https://sms4smile.com/quotes/paul-ryan/grow-jobs-get-this-economy-growing-raise-wages-simplify-the-tax/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [The tax code is 10 times the size of the Bible with none of the good news.](https://sms4smile.com/quotes/paul-ryan/the-tax-code-is-10-times-the-size-of-the-bible-with-none-of-the-good/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [We want American families to feel more confident in life. We want the next generation to know that yes, the best days of this…](https://sms4smile.com/quotes/paul-ryan/we-want-american-families-to-feel-more-confident-in-life-we-want-the/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Donald Trump is a pretty casual guy. He calls me Paul.](https://sms4smile.com/quotes/paul-ryan/donald-trump-is-a-pretty-casual-guy-he-calls-me-paul/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [ What \[President Donald Trump\] is doing is taking away the executive overreach that President \[Barack\] Obama did which we thought exceeded his powers. ](https://sms4smile.com/quotes/paul-ryan/what-president-donald-trump-is-doing-is-taking-away-the-executive/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [My dad died when I was young. He was a good and decent man. There are a few things he would say that have…](https://sms4smile.com/quotes/paul-ryan/my-dad-died-when-i-was-young-he-was-a-good-and-decent-man-there-are-a/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Millions of young Americans have graduated from college during the Obama presidency, ready to use their gifts and get moving in life. Half of…](https://sms4smile.com/quotes/paul-ryan/millions-of-young-americans-have-graduated-from-college-during-the/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit…](https://sms4smile.com/quotes/paul-ryan/when-you-take-a-look-at-the-problems-our-country-is-facing-debt-is-no/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know…](https://sms4smile.com/quotes/paul-ryan/what-i-m-concerned-about-is-endless-borrowing-which-is-going-to/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [We believe, as our founders did, that 'the pursuit of happiness' depends upon individual liberty; and individual liberty requires limited government.](https://sms4smile.com/quotes/paul-ryan/we-believe-as-our-founders-did-that-the-pursuit-of-happiness-depends/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [If you’re going to criticize, you should propose,](https://sms4smile.com/quotes/paul-ryan/if-you-re-going-to-criticize-you-should-propose/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners…](https://sms4smile.com/quotes/paul-ryan/i-call-crony-capitalism-where-you-take-money-from-successful-small/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Conventional wisdom on government's role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer…](https://sms4smile.com/quotes/paul-ryan/conventional-wisdom-on-government-s-role-in-inequality-often-has-it/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Let the Democrates go on making its case for more government control over every aspect of our lives. More taxes to pay. More debt…](https://sms4smile.com/quotes/paul-ryan/let-the-democrates-go-on-making-its-case-for-more-government-control/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) [Explore all 345 Paul Ryan quotes ](https://sms4smile.com/quotes/author/paul-ryan/) ## More Borrowing quotes > [I would borrow money all day long, if the cost of borrowing is less than the expected return.](https://sms4smile.com/quotes/brad-schneider/i-would-borrow-money-all-day-long-if-the-cost-of-borrowing-is-less/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) > [ When the fountains of government \[borrowing\] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the… ](https://sms4smile.com/quotes/john-t-flynn/when-the-fountains-of-government-borrowing-abundance-began-to-dry-up/) [John T. Flynn](https://sms4smile.com/quotes/author/john-t-flynn/) > [By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the UK…](https://sms4smile.com/quotes/tom-hodgkinson/by-taking-out-a-loan-i-am-committing-myself-to-years-of-interest/) [Tom Hodgkinson](https://sms4smile.com/quotes/author/tom-hodgkinson/) > [Perhaps art criticism cannot be reformed in a logical sense because it was never well-formed in the first place. Art criticism has long been…](https://sms4smile.com/quotes/james-elkins/perhaps-art-criticism-cannot-be-reformed-in-a-logical-sense-because/) [James Elkins](https://sms4smile.com/quotes/author/james-elkins/) > [It’s always going to be easy to live like others or other’s life, because creating or innovating something of own is always difficult in…](https://sms4smile.com/quotes/anuj/it-s-always-going-to-be-easy-to-live-like-others-or-other-s-life/) [Anuj](https://sms4smile.com/quotes/author/anuj/) > [A poet ought not to pick nature's pocket. Let him borrow, and so borrow as to repay by the very act of borrowing. Examine…](https://sms4smile.com/quotes/samuel-taylor-coleridge/a-poet-ought-not-to-pick-nature-s-pocket-let-him-borrow-and-so-borrow/) [Samuel Taylor Coleridge](https://sms4smile.com/quotes/author/samuel-taylor-coleridge/) > [Several southern actors are coming to Mumbai. Likewise, many Bollywood actors are appearing down South or borrowing ideas from southern films.](https://sms4smile.com/quotes/ram-charan/several-southern-actors-are-coming-to-mumbai-likewise-many-bollywood/) [Ram Charan](https://sms4smile.com/quotes/author/ram-charan/) > [As for borrowing Mr. Whistler's ideas about art, the only thoroughly original ideas I have heard him express have had reference to his own…](https://sms4smile.com/quotes/oscar-wilde/as-for-borrowing-mr-whistler-s-ideas-about-art-the-only-thoroughly/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [Saints and ordinary folks are the same from the start. Inquiring about a difference is like asking to borrow string when you've got a…](https://sms4smile.com/quotes/hsu-yun/saints-and-ordinary-folks-are-the-same-from-the-start-inquiring-about/) Hsu Yun > [Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. If you think it ain't a Sucker Game, why…](https://sms4smile.com/quotes/will-rogers/borrowing-money-on-what-s-called-easy-terms-is-a-one-way-ticket-to/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know…](https://sms4smile.com/quotes/paul-ryan/what-i-m-concerned-about-is-endless-borrowing-which-is-going-to/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Debt is a bottomless sea.](https://sms4smile.com/quotes/anonymous/debt-is-a-bottomless-sea/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom.…](https://sms4smile.com/quotes/george-osborne/there-is-a-big-problem-the-problem-is-the-country-borrowed-too-much/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking…](https://sms4smile.com/quotes/michael-hudson/debtor-countries-may-postpone-the-inevitable-by-borrowing-from-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [We do not project power from bankruptcy court. We're borrowing a million dollars a minute.](https://sms4smile.com/quotes/rand-paul/we-do-not-project-power-from-bankruptcy-court-we-re-borrowing-a/) [Rand Paul](https://sms4smile.com/quotes/author/rand-paul/) [Browse all 303 Borrowing quotes ](https://sms4smile.com/quotes/about/borrowing/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Borrowing and spending is not the way to prosperity.", "creator": { "@type": "Person", "name": "Paul Ryan" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/paul-ryan/borrowing-and-spending-is-not-the-way-to-prosperity/", "about": { "@type": "Thing", "name": "Borrowing" }, "@id": "https://sms4smile.com/quotes/paul-ryan/borrowing-and-spending-is-not-the-way-to-prosperity/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg", "contentUrl": "https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg", "url": "https://sms4smile.com/quotes/i/379/paul-ryan-869_borrowing_borrowing-and-spending-is-not-the-way-to_769447.jpg", "width": 1080, "height": 1080, "caption": "“Borrowing and spending is not the way to prosperity.” — Paul Ryan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Paul Ryan", "item": "https://sms4smile.com/quotes/author/paul-ryan/" }, { "@type": "ListItem", "position": 4, "name": "Borrowing and spending is not the...", "item": "https://sms4smile.com/quotes/paul-ryan/borrowing-and-spending-is-not-the-way-to-prosperity/" } ], "@id": "https://sms4smile.com/quotes/paul-ryan/borrowing-and-spending-is-not-the-way-to-prosperity/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```