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G. Gordon Liddy

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A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.
--
As quoted in "The Best Of The Rest: 20 More Quotes About Liberals" at Right Wing News (24 November 2010)

 
G. Gordon Liddy

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Alas, the debt someone incurs at the gambling table, by throwing dice, in a game of cards, is called a debt of honor; I suppose that because it is meaningless in itself we have to give it an impressive name and then hurry to be rid of it. The debt to God is not a debt of honor like that, but it is, nevertheless, an honor to be in debt to God. It is an honor not to owe fortune anything, but to owe God everything; not to owe fate anything, but to owe providence everything; not to owe caprice anything, but to owe a fatherliness everything.-In this way, he who prays aright struggles in prayer and is victorious in that God is victorious.

 
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In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

 
John Kenneth Galbraith
 

Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, 'Oh we've paid off the debt,' it's like the pea and thimble trick. The Government debt or the massive private debt abroad? It's continuing to grow.

 
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First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.

 
Edward Jenks
 

...ought we to appropriate in the present circumstances of the country 3 millions of money out of the resources and productive capital of the nation, to create an addition to the treasury of the state? Ought we to reduce our public debt by a sacrifice of the funds that maintained national industry? Ought we to deprive the people of 3 millions of capital, which would fructify in their hands much more than in those of government, to pay a portion of our debt?

 
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