Quote by Franklin D. Roosevelt

Any Government, like any family, can for a year spend a little more than it earns. But you and I know that a continuation of that habit means the poorhouse.

Any Government, like any family, can for a year spend a litt

Summary

This quote suggests that just as a family or an individual cannot sustainably spend more than they earn for an indefinite period of time without facing financial ruin, the same principle applies to governments. While it may be possible for a government to temporarily exceed its earnings and spend more, carrying on with this habit will ultimately lead to economic hardship and possibly the collapse of the government. The quote serves as a warning against unsustainable spending practices and emphasizes the importance of fiscal prudence and responsibility.

By Franklin D. Roosevelt

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