NATIONAL DEBT • E-FREE TRANSLATION.COM • Definition of National debt

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/nˈæʃənəl dɛt/ Listen

National debt

noun

The debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions).

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"National debt" Quotes from Famous Books

... priest of the cult has arisen, and from a parent lodge in Pekin he has extended his offices to kindred lodges in most of the capitals of Europe and Asia; he has not neglected the Near East, and America owes him a national debt ...

— The Yellow Claw • Sax Rohmer

... country—one hears different per cents discussed; some declare that ten per cent is enough, while others hold that it will require 25 per cent. This confiscatory tax is to be collected when any piece of property changes hands, and the accruing sum is to be used for paying off the national debt, or a considerable portion of it at once. The situation is completely changed from that which followed the Napoleonic wars, where war taxes fell largely upon labour. So in self-preservation, capital is considering turning over a part of ...

— The Martial Adventures of Henry and Me • William Allen White

... their strong eloquence with a mouthful of clay. The "business man" thinks no doubt that the Napoleonic War is no more than Hecuba to him, or he to Hecuba. But he pays annual tribute to it, for he has to make annual provision for the L600,000,000 which it added to the National Debt. And just as Mr Pitt's foreign policy is in that respect a living reality of our own time, so also, but in a much graver form, are the past depredations and ineptitudes of Unionism living realities in ...

— The Open Secret of Ireland • T. M. Kettle

... pressure came, to repudiate her heavy public debt. Another equally vivacious informant stated that, besides the 32 million pounds of colonial borrowing, "the municipal debts were at least as much more as the national debt." Now this is six times overstated for municipal and harbour debts together. No doubt the actual case is bad enough, for New Zealand has far over-borrowed. But as to repudiation, there is not a hint or notion of it in any responsible quarter whatever, any more than with regard to ...

— Personal Recollections of Early Melbourne & Victoria • William Westgarth

... unexceptionable coat and accurate whisker might have effected in a fortnight. What were his gifts in this way, I am, alas, most deplorably ignorant of; it was not, heaven knows, that he possessed any conversational talent—of successful flattery he knew as much as a negro does of the national debt—and yet the "bon-hommie" of his character seemed to tell at once; and I never knew him fail in any one instance to establish an interest for himself before he had completed the ordinary period ...

— The Confessions of Harry Lorrequer, Complete • Charles James Lever (1806-1872)

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