Quotes About Debt

You also need to understand that when you consolidate credit card debt into mortgage debt - like a home equity loan or a HELOC [ home equity line of credit ] - you're taking an unsecured debt and turning it into a secured debt.

I don't understand how the Republican party is the party with the reputation for fiscal conservatism and fiscal sanity, when they're the ones who run up the debt. It was Reagan who ran up the debt and now Bush is doing it again, and in between, Clinton and Bush's father, I must say, worked so hard to get that deficit and that debt down.

Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety.

There 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.

The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.

First 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.

But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.

It 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.

A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.

Republicans 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?

I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their - their debt from college at a lower rate. Those are the kinds of things that will really boost the economy.

In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

If 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!

From my point of view it's impossible to cut debt in a country with new debt from another country.

Italy 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.

When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to be a time at which point debt has to be taken care of.

Bet on black. Buy low-debt or no-debt companies. When the economy is in trouble, these companies usually have enough cash on hand to stay out of trouble. And they seldom need to borrow when interest rates are high.

So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.

Who does his task from day to day and meets whatever comes his way, Believing God has willed it so, has found real greatness here below. Who guards his post, no matter where, believing God must need him there, Although but lowly toil it be, has risen to nobility. For great and low there's just one test, 'tis that each man shall do his best, Who works with all the strength he can, shall never die in debt to man.

There is a debt of service due from every man to his country, proportioned to the bounties which nature and fortune have measured to him.

No measure can be more desirable, whether viewed with an eye to its intrinsic importance, or to the general sentiment and wish of the Nation than to establish a systematic and effectual arrangement for the regular redemption and discharge of the public debt.

I want to make college debt-free and for families making less than $125,000, you will not get a tuition bill from a public college or university if the plan that I worked on with Bernie Sanders is enacted.

Let us avoid debt as we would avoid a plague...Let every head of every household see to it that he has on hand enough food and clothing, and, where possible, fuel also, for at least a year ahead...Let every head of household aim to own his own home, free from mortgage. Let us again clothe ourselves with these proved and sterling virtues-honesty, truthfulness, chastity, sobriety, temperance, industry, and thrift; let us discard all covetousness and greed.

Growth based on debt is unsustainable, artificial.

I sit here before you trying to figure out how to pay a tax debt? If that's not like enough to slavery, I don't know.

The debt immense of endless gratitude, So burthensome, still paying, still to owe; Forgetful what from him I still receivd, And understood not that a grateful mind By owing owes not, but still pays, at once Indebted and dischargd; what burden then?

Religious believers of the world, you are free to continue to debate the simple, narrow question that divides you from atheists, but you have no right, in so doing, to treat the Humanists of the world with contempt. You owe them a deep debt of gratitude, for not only have they shed much light on a naturally dark world but they have very probably helped civilize your own specific religion.

Figures cannot calculate the amount collected by those public and private robbers: it is more than would liberate every slave in the United States; it would pay the British debt! They say, We do not force people to give. I see no difference between forcing a man out of his money, at the mouth of a pistol, and forcing it from by trick and cunning; the crime is the same.

I feel like that is saying to young people, "You have no chance of ever getting out of debt in your life, right?" Personally, I think that the role of the press is to ensure that the American public understands who their choices are.

Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt.

When a man is in love or in debt, someone else has the advantage.

God hath made it a debt which one saint owes to another to carry their names to a throne of grace.

Civilization 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.

I think everybody benefitted from what I am calling a bubble finance system, a bubble economy and if we're ever going to right the system, we're going to have to stop this explosion of the federal debt. We need huge spending cuts, OK? Don't get me wrong, we need to raise regular taxes too but even beyond that it's not going to hurt if we want to reset the system to ask those who have benefitted disproportionately - remember, we got $60 trillion of net worth in the household sector. $45 trillion of that belongs to the top 5 percent.

You can't be in debt and win. It doesn't work.

Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest.

In different countries the basis of resistance takes different forms, but it comes chiefly from the conservative groups. Hence it becomes increasingly difficult to go on spending in the presence of persisting deficits and rising debt. Some form of spending must be found that will command the support of the conservative groups. Political leaders, embarrassed by their subsidies to the poor, soon learned that one of the easiest ways to spend money is on military establishments and armaments, because it commands the support of the groups most opposed to spending.

The Canadian debt-to-GDP ratio will continue to decrease every year, including the first three years under the Liberal government. That is what we're focused on. We know we need to invest in the kind of long-term growth and short-term job creation that Canadians expect, and Liberals the only party offering to do that.

For many of us gratitude to others comes with a sense of debt that can never be fully paid and therefore the things we are thankful for are never really ours.

What a noble gift to man are the Forests! What a debt of gratitude and admiration we owe to their beauty and their utility! How pleasantly the shadows of the wood fall upon our heads when we turn from the glitter and turmoil of the world of man!

A society is always eager to cover misdeeds with a cloak of forgetfulness, but no society can fully repress an ugly past when the ravages persist into the present. America owes a debt of justice which it has only begun to pay.

We 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.

The only way we will ever reduce the debt and balance the budget is if America beats Washington and tea party activists take over this process.

As well as, we know, as a real estate developer, [Donald Trump] has hundreds of millions of dollars in debt, in loans.

Bicycle Thief is a triumphant discovery of the fundamentals of cinema, and De Sica has openly acknowledged his debt to Chaplin.

While we can't begin to repay the debt we owe our veterans for their brave service, we can certainly take steps to ease the physical, psychological and financial hardships they may be experiencing.

If we get into the habit of thinking of ourselves as always owing a debt of love to our spouses, we will be less inclined to take offense when they say or do something that we do not like.

Using taxes to punish the rich, in reality, punishes everyone because we are all interconnected. High taxes and excessive regulation and massive debt are not working.