Monday, April 12, 2010

A question for all 2010 Piedmont Triad Area canidates for elected office

If a community pledges some of its children’s future income
as collateral for long-term debt
is every $1 of additional new borrowing
an indirect tax increase?

Debts are fun when you are acquiring them
but none are fun when you set about retiring them

Ogden Nash

Debt is the fatal disease of republics
the first thing and the mightiest to undermine governments
and corrupt the people

Wendell Phillips

I place economy among the first and most important virtues
and public debt as the greatest of dangers to be feared

…we must not let our rulers load us with perpetual debt

Thomas Jefferson

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