Quotes About Debt

When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.

Hudson Taylor and Charles Spurgeon believed that Romans prohibits debt altogether. However, if going into debt is always sin, it's difficult to understand why Scripture gives guidelines about lending and even encourages lending under certain circumstances. Proverbs says "the borrower is servant to the lender." It doesn't absolutely forbid debt, but it's certainly a strong warning.

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

Donald 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.

The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.

You [Donald Trump] call yourself the King of Debt. You talk about leverage. You even at one time suggested that you would try to negotiate down the national debt of the United States.

I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year.

We have to remember, lefts are the people who created unsustainable national debt, unsustainable health insurance, health care, unsustainable college tuition and debt, unsustainable social welfare programs. Everything the left creates is unsustainable, it can't go on. Everything they create will eventually implode because it can't work as they designed it. Nothing they do is sustainable. That's the great irony. But they claim to know how to sustain life as we know it.

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

I'll bet you there are a lot of Donald Trump people out there who say, "If he has to work with Democrats to get what he wants done, then so be it. Even when Trump did the first deal with Chuck Schumer and Nancy Pelosi on expanding the debt limit - and he talked about extending the debt limit forever 'cause it was such a good thing, Trump did." I had people saying, "You know what? I love it!" I'm talking about rock-ribbed, lifetime Republicans who said to me, "I love Trump sticking it to Mitch McConnell and Paul Ryan, but I not sure I like it being done this way."

If you are, consolidating at a lower interest rate can help you pay off your debt faster. But if there's even a small chance that you'll spiral back into debt, it's not for you.

We have to have an aggressive, long-term plan to tackle our nation’s debt, but attempting to balance the budget on the backs of veterans who have risked life and limb in service of our country is unacceptable. I believe we can and should work together to find reasonable and common-sense cuts that will reduce our debt, but as a generation of warriors returns from two wars, our most solemn responsibility is to make sure they have the care and benefits they have earned.

Seeing that he owns absolutely nothing to ‘repay’ his debt, ‘his own consciousness’ of the fact ‘that he is himself the very substance’ of debt, so must he ‘repay’ with himself, so must he ‘return’ himself to Him Who owns him absolutely.

Our middle class majority, deeply in personal debt, elects political leaders who increase our benefits. Then we vote them out because we dislike the soaring national debt.

Worry is interest paid in advance on a debt that never comes due.

Credit is an 'I love debt' score.

public 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.

The iPad was my first splurge after I got my first paychecks. I paid off the debt, and I now bring the iPad with me to auditions.

The national debt will have increased by approximately 50% in just eight years! We will have created a new unfunded entitlement - disability and health care benefits for the huge number of disabled veterans returning from the Iraq war.

Debt is the most effective way to take a relation of violent subordination and make the victims feel that it's their fault.

The war being waged against the radical imagination, particularly around young people, is just startling. Young people are laboring under a burden of debt that so ties them to a survivalist mode of existence that it's impossible for them to dream anymore. Trying to recognize what the forces are that actually squelch the imagination is a lot more interesting to me than people who go and "find themselves" because they're no longer on the grid.

Credit and debt keep us fixated on the past and the future.

The idea that somebody is going to come in and make your debt go away and all be well for the future is really a fantasy.

The Sikh gave him the money. When Menon asked for his address so that he could repay the man, the Sikh said that Menon owed the debt to any stranger who came to him in need, as long as he lived. The help came from a stranger and was to be repaid to a stranger.

People talk of the sacrifice I have made in spending so much of my life in Africa. Can that be called a sacrifice which is simply paid back as a small part of a great debt owing to our God, which we can never repay? All these are nothing when compared with the glory which shall be revealed in and for us. I never made a sacrifice.

Debt is dumb. Cash is king.

Men seem to be born with a debt they can never pay no matter how hard they try.

I can scarcely contemplate a greater calamity that could befall this country, than be loaded with a debt exceeding their ability ever to discharge. If this be a just remark, it is unwise and improvident to vest in the general government a power to borrow at discretion, without any limitation or restriction.

We are tasked to rebuild not just a damaged economy, and a debt-ridden balance sheet, but to do so by drawing forth the best that is in our fellow citizens. If we would summon the best from Americans, we must assume the best about them. If we don't believe in Americans, who will?

I go on the principle that a public debt is a public curse and in a republican government more than in any other.

You'll have to have the governments sell off all of their public domains; sell off their railroads, sell off their public land. You'll essentially have to introduce neo-feudalism. You'll have to roll the clock of history back a thousand years, and reduce the European population to debt slavery. It's as simple a solution as the Eurozone has imposed on Greece. And it's a solution that the leaders and the banks are urging for responsible economists to promote for the population at large.

That 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.

To vote is like the payment of a debt, a duty never to be neglected, if its performance is possible.

Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.

To me, there is no greater threat than our debt. I'm the only fiscal conservative on the stage because I'm willing to hold the line on all spending.

Whereas our common past, out of Africa, saw a global diaspora of humankind, our common future depends on a global coming together and consensus, resulting in a more equitable distribution of the Earth's largesse. When Africa, which gave us the wealth of life, has that debt returned, the world will have come of age.

Never 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.

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.

People are hungry, and they're hurting and they're very, very worried about their children. Will their kids ever pay off their student debt? Will their kids ever get a decent-paying job? I think Democrats have got to be running a grass-roots campaign - mobilizing people and being prepared to take on the 1 percent with an agenda that speaks to the needs of ordinary workers.

Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.

Why certain political classes want purposefully to keep Americans in a state of perpetual debt and uncertainty and why certain people don't want a middle class - because middle class creates a certain happiness. You know what I mean?

Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.

The ingenious slogan that the public debt does not matter because 'we owe it to ourselves' is clearly absurd.

When I went to law school, which I put myself through for $100,000 dollars of debt, I didn't expect anybody to pay for my health insurance, which I had none of. No health insurance.

We have gotten so nuanced into social issues that we fail to understand that China is buying up America, we have fallen into debt in such a pervasive way that social security is compromised, we are living longer than we lived before and in order to secure the kind of healthcare that we need without the deficits on our budget, we need really strong leadership that is focused only on the plethora of issues and not just the traditional concerns that have driven us to the ballot box.

I balanced the budget for four straight years, paid off $405 billion in debt - pretty conservative. The first entitlement reform of your lifetime - in fact, the only major entitlement reform now is welfare.

There's something odd about telling people, artists, that they need to work for free to be pure while you're sitting there getting a salary that ultimately is paid by a generation of young people going deeply into debt for their education.

You know those movies where the people in the audience are screaming, 'Don't go in that door!' because you know the killer is there? Well, it is the same thing with this debt. We know how this ends.