Benjamin Franklin Quote - Liberty Quotes Blog

"He that goes a borrowing goes a sorrowing."

by:	Benjamin Franklin (1706-1790) US Founding Father
Source:	from his writings, 1758
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Categories:	Founder, Economics, Debt
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Reader comments about this quote:

The statement addresses the concept that once in a hole - one can not dig themselves out of that hole. To borrow, as a necessity to purchase the implements of industry for a feasibly reasoned expectation of profit differs greatly from borrowing to finance a dole, supposed entitlements and legislation supporting moral and religious endeavors. -- Mike, Norwalk 3
Debt: a four letter word to avoid. Unfortunately, we Americans are now addicted to it. The withdrawal pain will be nasty. -- bruski, Naples 2
-- Jim K, Austin
Light and transient causes are the socialist bread and butter. Regardless of what side of the isle your on. Withdrawal is not so bad, when you find out less is more. -- Ronw13, Oregon 2
Its just another transaction process that's required for a creature educationally challenged in the evolutionary tides. As dubious at it my be, nonetheless developmental. -- Fredrick William Sillik, Anytown
Unfortunately, today's so-called 'money' is actually debt — every dollar, pound, peso, and rupee has been 'loaned' into circulation at interest. There is not even enough currency to pay off every debt currently on the books, not by a long shot. It's nothing short of economic servitude — i.e. slavery! And boy are we "sorrowing" ... -- E Archer, NYC 1