"If the nation is living within its income, its credit is good.  If in some crisis it lives beyond its income for a year or two it can usually borrow temporarily on reasonable terms.  But if, like the spendthrift, it throws discretion to the winds, is willing to make no sacrifice at all in spending, extends its taxing to the limit of the people's power to pay, and continues to pile up deficits, it is on the road to bankruptcy." - Franklin D. Roosevelt (1932)

 

"Necessity never made a good bargain."  -Benjamin Franklin

 

"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair."  - Sam Ewing (former pro baseball player)

 

 

Michael J. Johnson, Realtor, ABR

843-817-5299

www.providingthelight.com

www.metrocharlestonhomes.com

 

"Providing the Light to Guide You Home"

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2 Comments on Quotes of the Day - Economics

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Great quotes. I would definitely say that our country is on the road to bankruptcy. How much of our debt does China hold?

9:14am • #1
Outside Blog

Michael,  I enjoyed the quotes. It's amazing how some have such a timeless quality to them.

9:23am • #2

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Michael Johnson, REALTOR, ABR - Goose Creek SC

Goose Creek, SC

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Carolina One Real Estate

Address: 567 Crowfield Blvd, Goose Creek, SC, 29445

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