Popular quotes about Debt! Wisdom and inspiration are here!
Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.
Ward CunninghamBad karma is the spiritual debt one has accumulated for one's mistakes from all previous lives and this life. It includes killing, harming, taking advantage, cheating, stealing, and more. On Mother Earth, when you buy a house, you take out a mortgage from a bank. This mortgage is your debt to the bank. You pay every month for fifteen, twenty, or thirty years to clear your financial debt. In the spiritual realm, if you have bad karma, you may have to pay for many lifetimes to clear your spiritual debt.
Zhi Gang ShaI'm not a fan of debt consolidation. In my experience, many people "clear" credit cards and other debt to get the one payment and never change what they need to change to prevent getting into debt again.
Michelle SingletaryLet us avoid debt as we would avoid a plague; where we are now in debt, let us get out of debt; if not today...tomorrow.
J. Reuben ClarkThere are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.
Michael HudsonVirtually all student debt in the US is now held by the federal government. It would therefore be a relatively simple matter to forgive some, if not all of it. This would enable young people to transition much more easily into creating their own households and families. At the same time, if the government is going to enact a major program of student debt forgiveness, it should be at least equally committed to relieving the heavy mortgage debt burdens still carried by tens of millions of non-affluent households in the aftermath of the 2007-09 financial crash and Great Recession.
Robert PollinDonald Trump ran for office complaining that at $19 trillion, the US debt was completely out of control, and yet what he's planning to do is throw trillions of dollars more onto that debt. If the proposed tax plan cuts upon the wealthiest Americans is enacted, 10 years from now America's debt will be over $30 trillion. And so, he's contradicting, his own stated positions. And that's because, to Donald, none of this is about policy. It's not about sound economics. It's about greed and the glorification of the great leader.
David Cay JohnstonSuckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending
Nassim Nicholas TalebFirst in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.
Edward JenksThe banks' product is debt. They try to tell customers that "debts are good for you," but the customers can't afford any more debt, so there's no way the banks can continue their current business plan.
Michael HudsonObama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected.
Grover NorquistAbove all, recognize that if you have had success, you have also had luck โ and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
Michael LewisYou don't pay back your parents. You can't. The debt you owe them gets collected by your children, who hand it down in turn. It's a sort of entailment. Or if you don't have children of the body, it's left as a debt to your common humanity. Or to your God, if you possess or are possessed by one. The family economy evades calculation in the gross planetary product. It's the only deal I know where, when you give more than you get, you aren't bankrupted - but rather, vastly enriched.
Lois McMaster BujoldOnce again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer.
Robert KiyosakiIt is a well-known fact that in countries in which the national debt is properly funded, and an object of established confidence, it answers most of the purposes of money. Transfers of stock, or public debt, are there equivalent to payments in specie; or, in other words, stock, in the principal transactions of business, passes current as specie. The same thing would, in all probability, happen here, under the like circumstances.
Alexander HamiltonI will always vote what I have promised, and always vote the Constitution, as well as I will not vote for one single penny that isn't paid for, because debt is the monster, debt is what's going to eat us up and that is why our economy is on the brink.
Ron PaulRepublicans drove us into debt with two wars and the Bush tax cuts. Now they want to pay for that debt with cuts to Social Security, Medicare and Medicaid. This is not only immoral it is bad economics. Why do Republicans always have money for war but not for those in need?
Bernie SandersIf we meet someone who owes us a debt of gratitude, we remember the fact at once. How often we can meet someone to whom we owe a debt of gratitude without thinking about it at all!
Johann Wolfgang von GoetheItaly may well be the main problem. It has benefited most from the euro by having been able to get the euro interest rate instead of what otherwise would have been its own. That would be much higher because Italy has been accumulating so much debt. In the past, Italy has inflated away its debt. The virtue of the euro is that Italy can't do it alone. A tight ECB policy wouldn't permit that to happen again.
Milton FriedmanI am for a government rigorously frugal & simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers & salaries merely to make partisans, & for increasing, by every device, the public debt, on the principle of its being a public blessing.
Thomas JeffersonThe statement, "The debt problem has become so extreme that we have no choice but to cut social spending" is presented as an objective assessment of our situation. But can you imagine a media commentator making the following assertion? "The debt problem has become so extreme that we have no choice but to raise taxes on the rich."
Linda McQuaigAll but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the top.
Roger EbertConsider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt.
J. C. WattsThe baby boomers owe a big debt of gratitude to the parents and grandparents - who we haven't given enough credit to anyway - for giving us another generation.
Steven SpielbergI acknowledge that such a debt [of service to my fellow-citizens] exists, that a tour of duty in whatever line he can be most useful to his country, is due from every individual. It is not easy perhaps to say of what length exactly that tour should be, but we may safely say of what length it should not be. Not of our whole life, for instance, for that would be to be born a slave-not even of a very large portion of it.
Thomas JeffersonWe don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires.
Bernie SandersConscience is the most sacred of all property; other property depending in part on positive law, the exercise of that being a natural and unalienable right. To guard a man's house as his castle, to pay public and enforce private debts with the most exact faith, can give no title to invade a man's conscience, which is more sacred than his castle, or to withhold from it that debt of protection for which the public faith is pledged by the very nature and original conditions of the social pact.
James MadisonThose policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.
Jeff Sessionspublic work brings a vicarious but assured sense of immortality. We may be poor, weak, timid, in debt to our landlady, bullied by our nieces, stiff in the joints, shortsighted and distressed; we shall perish, but the cause endures; the cause is great.
Winifred HoltbyIt is a dangerous experiment to call in gratitude as an ally to love. Love is a debt which inclination always pays, obligation never.
Blaise PascalAs much as politicians, any politicians, Democrat or Republican, are saying they're trying to help the schools, it's hard because our country is in debt. I would like to do something for the inner-city schools because that's our future, and education is very important in helping our country continue to progress and not regress.
Ansel ElgortSolvency is maintained by means of a national debt, on the principle, "If you will not lend me the money, how can I pay you?"
Ralph Waldo EmersonCongratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.
Robert KiyosakiThe fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression.
Thomas JeffersonCivilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.
Muhammad YunusIn truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish.
G. Edward GriffinNew Zealand as a whole needs to save more, spend less and reduce our reliance on foreign debt.
John KeyThat the policies - from energy to labor policies, trade policies, government policies relating to debt and deficits are all aligning in such a way that America, far from being one of the places people are running from, is a place people are going to come to and add jobs.
Mitt RomneyObama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.
Jonah GoldbergIf you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.
William J. ClintonNever do anything for another with the expectation of gratitude. The expectation itself turns the gift into an exchange and suggests a debt is owed you.
Michael JosephsonWe preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe.
Nicholas von Hoffman