Political Quotes

John Thornton: “The point is, that every businessman worth his salt has debts far greater than $18,000, but will wisely make investments…”

On the recordAugust 3, 1995
The point is, that every businessman worth his salt has debts far greater than $18,000, but will wisely make investments for future returns. Everyone knows that poverty is not a thing to be proud of, nor ashamed of, but to be gotten rid of as quickly as conveniently possible, and as my grandad told me, if you are head over heels in debt, you cannot spend your way out of debt, but you cannot starve you way out of debt. The only way to get out of debt is to work your way out of debt, and the way you do that is by investing in the future, in the education and training of our young people.
Said by
John Thornton
Louisiana
Source
govinfo.gov

Editor's note · Context

Discussing the importance of investing in education to overcome debt and poverty.

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