"We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time"
- David Dinkins
About this Quote
This quote by David Dinkins is describing the monetary scenario of New York City during his time as mayor. He is discussing that the city obtained money to help with bonds and other monetary responsibilities, and the Federal Government offered an assurance, but not a grant. This indicates that the Federal Government was not giving the city cash, but rather guaranteeing that the money would be paid back. Dinkins is happy to say that not just did the city pay back the cash, but they paid it back ahead of time. This reveals that the city had the ability to handle its finances properly and pay back its debts in a prompt manner. Dinkins' quote is a testimony to the monetary obligation of the city throughout his time as mayor.
This quote is written / told by David Dinkins somewhere between July 10, 1927 and today. He/she was a famous Politician from USA.
The author also have 26 other quotes.
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
"I don't understand the whole dating thing. I know right off the bat if I'm interested in someone, and I don't want them to waste their money on me and take me out to eat if I know I'm not interested in that person"