September 2, 2008

DEBT

I was reading a few words by our founding fathers on the subject of debt. Books written by W. Cleon Skousen.

"Think what you do when you run in debt; you give to another the power over your liberty." -- Benjamin Franklin

The English author William Makepeace Thackeray reflected those feelings when he wrote these words in Vanity Fair: "How well those live who are comfortably and thoroughly in debt: how they deny themselves nothing; how jolly and easy they are in their minds." Vanity Fair, 2 vols. in 1, Thomas Y. Crowell Company, New York, 1893, 1:208.

"...poverty often deprives a man of all spirit and virtue: 'Tis hard for an empty bag to stand upright".

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