Thomas Jefferson Debt Quotations

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

The world is indebted for all triumphs which have been gained by reason and humanity over error and oppression.

Never spend your money before you have earned it.

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

To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.

But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.

No generation has a right to contract debts greater than can be paid off during the course of its own existence.

The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt are indications soliciting the employment of the pruning knife.

I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom.

There is a debt of service due from every man to his country, proportioned to the bounties which nature and fortune have measured to him.

We must not let our rulers load us with perpetual debt.

To lay taxes to provide for the general welfare of the United States, that is to say, 'to lay taxes for the purpose of providing for the general welfare.' For the laying of taxes is the power, and the general welfare the purpose for which the power is to be exercised. They are not to lay taxes ad libitum for any purpose they please; but only to pay the debts or provide for the welfare of the Union.

We shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority.

I have now the gloomy prospect of retiring from office loaded with serious debts, which will materially affect the tranquility of my retirement.

Debt and revolution are inseparable as cause and effect.