Herbert Hoover: Inherit Debt

Meaning of Herbert Hoover Money Quote: saying Blessed are your children, for they get to pay the debts politicians agree to create. Herbert Hoover said:
 

 

“Blessed are the Young, for they shall Inherit the National Debt” — Herbert Hoover

In this quote, Herbert Hoover seems to be commenting wryly on the financial challenges being passed down to future generations. By saying “Blessed are the Young, for they shall Inherit the National Debt”, Hoover appears to be suggesting that while the young may gain the blessings of youth, they are also inheriting the significant debt burdens accumulated by previous generations through government spending and deficits.

The quote conveys Hoover’s belief that the young people of America would have to take responsibility for repaying the massive national debt, which he viewed as a heavy burden they did not directly create but would still have to shoulder.

Overall, Hoover was acknowledging in a tongue-in-cheek way how rising government debt levels under his administration were leaving a difficult fiscal legacy for those to come.

Birthday: August 10, 1874 – Death: October 20, 1964

Herbert Hoover on Making Ends Meet

Herbert Hoover Money Quotation saying we allow others (or events) to dictate when we have reached our financial goals. Herbert Hoover said:
 

 

“About the time we can make the ends meet, somebody moves the ends” — Herbert Hoover

In this quote, Herbert Hoover seems to be commenting on the challenge of achieving financial stability. By saying “About the time we can make the ends meet, somebody moves the ends”, Hoover appears to be suggesting that just as people get to the point of making their income and expenses balance out, external circumstances change in a way that disrupts that equilibrium.

The quote conveys Hoover’s view that right when individuals or the country gets their budget under control, some new development occurs that requires additional spending or resources, making the ends no longer meet once again.

Overall, Hoover was acknowledging how easily economic stability can be disrupted by unforeseen events, and how difficult it is to maintain budgetary equilibrium over the long-term.

Birthday: August 10, 1874 – Death: October 20, 1964

Herbert Hoover on Business Purpose & Materialism

Herbert Hoover Money Quotation saying businesses need higher priorities than that of getting more cash. Herbert Hoover said:
 

 

“American business needs a lifting purpose greater than the struggle of materialism” — Herbert Hoover

In this quote, Herbert Hoover seems to be suggesting that American business would benefit from having a higher goal and motivation beyond just the pursuit of profits and wealth accumulation.

By saying business needs “a lifting purpose greater than the struggle of materialism”, Hoover appears to believe corporations and industry should also aim to serve societal needs and values, not just the financial interests of owners and shareholders.

The quote conveys Hoover’s view that business would be improved and strengthened if it had an additional purpose related to uplifting people’s lives, rather than focusing solely on material gain and economic measures.

Overall, Hoover was communicating his opinion that American enterprise would be better served by also prioritizing non-financial objectives that contribute to the greater good.

Birthday: August 10, 1874 – Death: October 20, 1964