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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.   Roosevelt, Franklin D.

Source: President FRANKLIN D. ROOSEVELT, address to the American Retail Federation, Washington, D.C., May 22, 1939.The Public Papers and Addresses of Franklin D. Roosevelt, 1939, p. 351 . · This quote is about uncategorised · Search on Google Books to find all references and sources for this quotation.


A bit about Roosevelt, Franklin D. ...

Franklin Delano Roosevelt (January 30, 1882 April 12, 1945), 32nd President of the United States (1933-1945), is best known for his leading the U.S. through the Great Depression via his New Deal, his building a powerful political coalition, the New Deal Coalition, that dominated American politics for decades, and for playing a significant role in a grand coalition that defeated Nazi Germany, Italy and the Empire of Japan in World War II and created the United Nations. Born to wealth and privilege, he overcame a crippling illness to place himself at the head of the forces of reform. Universally called FDR, he was both loved and hated in his day, and now is considered by many to be in the top tier of American presidents.

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