Respectfully Quoted: A Dictionary of Quotations. 1989.
Franklin Delano Roosevelt (18821945)
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.
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 (1941).