Political Quotes

“For me, it boils down to a very simple argument, and it is a very simple principle, the principle of: Do not spend more than you earn. It is something I was taught as a child and something I attempt to teach my children and something I hope will be passed on in our family from generation to generation. If you spend more than you earn, you are going to get in trouble. Yes, you can go out and borrow, but then you begin to start paying interest and that interest will accumulate. Pretty soon, the interest will start eating up a significant portion of what you make. Pretty soon, you will dig yourself into a hole from which you cannot emerge. It will affect your standard of living. It may affect your very livelihood. So you shouldn't spend more than you earn. That is a principle I would guess almost all parents in America try to pass on to their children. It is something that every head of household knows he or she has to live by, or risk financial ruin. It is something every businessman and every business woman in America knows they have to live by and discipline themselves to, or it risks failure of that business. It seems that is something every institution in America has to live by, except the Federal Government. Only the Federal Government has ignored that principle of do not spend more than you earn.”