Borrowing Quote by Will Rogers
“A debt is just as hard for a Government to pay as it is for an individual. No debt ever comes due at a good time. Borrowing is the only thing that seems handy all the time.”
About This Quote
Source Speech: Public address, 1935
Government debt is as burdensome as personal debt, often arriving at inconvenient times, making borrowing a seemingly perpetual solution.
In simple terms: Debt hurts both governments and individuals.
Key Takeaway
Plan finances wisely.
Themes
economics
debt
government finance
Mood
cautious
pragmatic
Type
educational
advisory
When to use this quote
- personal budgeting
- policy making
- investment decisions
Key Concepts
fiscal responsibility
borrowing cycles
financial planning
Questions to Reflect On
- How can societies mitigate debt timing issues?
A Different Perspective
Is borrowing ever truly beneficial?
![“When the fountains of government [borrowing] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to public works, then and then only did the Italians realize what it…” quote by John T. Flynn](https://sms4smile.com/quotes/img-quotes/908/john-t-flynn-18493_abundance_when-the-fountains-of-government-borrowi_2663.jpg)
