Quote by Abraham Lincoln
As an individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow fromso must it be with a government.
Summary
This quote highlights the danger of excessive borrowing for both individuals and governments. Just like an individual who relies on borrowing money, a government that consistently borrows without sustainable means of repayment will eventually become trapped in a cycle of debt. Eventually, the interest on this debt can consume the government's original resources, leaving it with no options but to borrow further. Consequently, the quote suggests the importance of responsible financial management to ensure the long-term stability of both individuals and government institutions.
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