America Quote by Will Rogers
“Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.”
About This Quote
Source Speech: Public commentary on municipal finance, early 20th century, null
Tax-exempt bonds let governments issue more debt than justified, inflating borrowing capacity.
In simple terms: Tax‑exempt bonds increase borrowing power.
Key Takeaway
Watch for hidden debt risks.
Themes
finance
government
debt
tax policy
Mood
cautious
critical
Type
political
economic
When to use this quote
- municipal budgeting
- state infrastructure projects
- investment planning
Key Concepts
public finance
fiscal incentives
Questions to Reflect On
- How do tax exemptions affect long‑term fiscal health?
- What safeguards could limit excess borrowing?
A Different Perspective
May encourage fiscal irresponsibility if unchecked.
![“The tax-exempt privilege is a feature always reflected in the market price of [municipal] bonds. The investor pays for it.” quote by Louis D. Brandeis](https://sms4smile.com/quotes/img-quotes/3b9/louis-d-brandeis-5049_features_the-tax-exempt-privilege-is-a-feature-al_1668137.jpg)
![“I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]” quote by Bill Hicks](https://sms4smile.com/quotes/img-quotes/3d2/bill-hicks-970_america_i-ll-smoke-i-ll-cough-i-ll-get-the-tumor_655.jpg)
