Quote by Ronald Reagan

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we're not bound by that same limitation? We must act today in order to preserve tomorrow.

You and I, as individuals, can, by borrowing, live beyond ou

Summary

This quote emphasizes the importance of recognizing the limits of borrowing and living beyond our means, both as individuals and as a nation. While we may be able to sustain this behavior for a short time individually, it implies that collectively, as a nation, we cannot indefinitely escape the consequences of excessive borrowing or spending beyond our means. Thus, the quote urges us to take action and make responsible choices today to safeguard the future, implying the need for fiscal responsibility and thoughtful decision-making to ensure long-term sustainability.

Topics

Time Order Thetimes Nations

By Ronald Reagan

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