Borrowing Quotes - page 5
The US - its bankrupt mortgage institutions nationalised and its gigantic war machine effectively funded by foreign borrowing - is in steep decline. With its financial system in the worst mess since the 1930s, the west's ability to shape events is dwindling by the day. Sermonising about "law-based international relations" is laughable after Iraq, and at bottom not much more than nostalgia for a vanished hegemony.
John N. Gray
Throughout the years in which the US was punishing countries that departed from fiscal prudence, it was borrowing on a colossal scale to finance tax cuts and fund its over-stretched military commitments. Now, with federal finances critically dependent on continuing large inflows of foreign capital, it will be the countries that spurned the American model of capitalism that will shape America's economic future.
John N. Gray
I don't need to know most of what's fed to us by newspapers and the TV. It's largely useless information and daily moaning. There are only a few things in business that I really want to know about. Tell me about manufacturing productivity, employment, the balance of payments and borrowing levels. With these things you can decide on how to run a business, a constituency or even a country.
Ivor Tiefenbrun
Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay - that 'someone else' is you. There is no such thing as public money; there is only taxpayers' money.
Margaret Thatcher
I will close by borrowing the words of President Lincoln, who knew more about healthy enmity and preserving our founding values than any other American who has ever lived. His words from his first inaugural were a prayer in our time and are no less in ours. "We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break the bonds of our affection. The mystic chords of memory will swell again when touched, as surely they will be, by the better angels of our nature."
Jeff Flake
[T]he great difficulty of this year respecting Ireland is one which does not spring from Trevelyan or C. Wood but lies deep in the breast of the British people. It is this. We have granted, lent, subscribed, worked, visited, clothed the Irish,-millions of money, years of debates etc etc-the only return is calumny and rebellion. Let us not grant, lend, clothe etc etc anymore, and see what that will do. Such is the result which MacHale, J. O'Connell, and Smith O'Brien have brought us. Now without borrowing or lending we could have no great plan for Ireland and, much as I wished it, I have to see that it is impractical.
John Russell, 1st Earl Russell
Good causes sometimes have bad consequences. Blacks, women, and other historical out-groups were right to demand equality before the law and the full respect and liberties due to any member of our civilization; but the tactics they used to "raise consciousness” have sometimes veered into the creepy and pathological, borrowing the least sane features of religious evangelism.
Eric S. Raymond
Gainsborough was never in Italy, and to atone in some measure for the injury which that negligence might prove to him, he was in the habit of borrowing, and sometimes purchasing, works of that school as objects of study. One day, finding him attentively examining the fine picture of Mola that represents 'Jupiter and Leda' from which it was with difficulty he could be parted, we inquired what it was that so particularly caught his attention. 'It is this manner of painting' replied the modest artist 'which I shall never attain, for Mola appears to have made it his own by patent.'
Thomas Gainsborough
I will close by borrowing the words of President Lincoln, who knew more about healthy enmity and preserving our founding values than any other American who has ever lived. His words from his first inaugural were a prayer in our time and are no less in ours. "We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break the bonds of our affection. The mystic chords of memory will swell again when touched, as surely they will be, by the better angels of our nature."
Thank you, Mr. President. I yield the floor.
Jeff Flake
