Quote by Franklin D. Roosevelt
Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.
Summary
This quote highlights the perspective that a national debt is primarily owed by the people within a nation, including future generations. It suggests that if children are required to pay interest on the national debt, that interest ultimately benefits the nation as a whole because it goes back into the pockets of its citizens. The quote emphasizes that as long as the debt remains manageable and balanced, it will not lead to the impoverishment of future generations or jeopardize the financial stability of the nation.
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