Quotes About Debt

Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.

The Bible is clear about two principles: (1) We always need to forgive, but (2) we don’t always achieve reconciliation. Forgiveness is something that we do in our hearts; we release someone from a debt that they owe us. We write off the person’s debt, and she no longer owes us. We no longer condemn her. She is clean. Only one party is needed for forgiveness: me. The person who owes me a debt does not have to ask my forgiveness. It is a work of grace in my heart.

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.

The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.

Obama 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.

Not all debt is bad. From time to time we should get into debt when there's a good reason for that.

Once kids get older, the list is longer. So here goes: Stay out of debt. Sometimes debt is necessary, to buy a home or to get an education, but not to buy a sweater or to eat out.

Let no debt remain outstanding, except the continuing debt to love another.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

We still think of air as free. But clean air is not free, and neither is clean water. The price tag on pollution control is high. Through our years of past carelessness we incurred a debt to nature, and now that debt is being called.

It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

We may end up with a world based more on equity than debt, or more on market debt instruments than bank intermediation; but how and why we get there is a mystery. Absent significant regulatory or tax changes, and a sharp transition could be disruptive.

If you put Canada into $1.5 trillion in debt and interest rates go up just 200 basis points, you cannot provide the services to 36 million people that were guaranteed to them in the social contract they have with Canada. That's a very, very scary prospect. You can't burden this economy with that much debt. The risk you take on is insurmountable. You have to assume for the next 50 years that rates don't go up? That's insane. That's irresponsible. That's stupid.

The point is that Hillary Clinton is running on all these ideas. She's gonna do this and she gonna do that. She's gonna fix this. She's got a massive new economic plan that's not gonna add a penny to the national debt, while Donald Trump's will add 20 trillion to the national debt. What she does, she always pivots and goes back to the Children's Defense Fund. "Well, I started working in the 1970s for women and children, Children's Defense Fund." That's magic and you're not supposed to question nothing further after that.

Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as 'deficits as far as the eye can see.' But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?

The government can reasonably rely on debt ratings when it forms programs to lend money to buyers of otherwise unattractive debt instruments.

The budget should be balanced, the treasury refilled, public debt reduced, the arrogance of officialdom tempered and controlled, and the assistance to foreign lands curtailed, lest Rome become bankrupt.

I hope we will never again see such a depression. But I am troubled by the huge consumer installment debt which hangs over the people of the nation, including our own people.

I took a sheet of paper, divided it into debt and credit columns on the arguments for and against God and immortality. On Christmas Eve I wrote 'bankrupt' at the foot. And it was on Christmas morning 1895, after I had celebrated three Masses, while the bells of the parish church were ringing out the Christmas message of peace, that, with great pain, I found myself far out from the familiar land--homeless, aimlessly drifting. But the bells were right after all; from that hour on I have been wholly free from the nightmare of doubt that had lain on me for ten years.

Judaism for me is a sensibility of collective self-questioning and uncomfortable truth-telling. I feel a debt of responsibility to this past. It is why I am Jewish.

OWE, v. To have (and to hold) a debt. The word formerly signified not indebtedness, but possession; it meant "own," and in the minds of debtors there is still a good deal of confusion between assets and liabilities.

Obama and his Democrats need to be placed on the defensive. They are the primary drivers of this spending; they are the obstructers of entitlement reform and the national debt continues to burn while they fiddle.

For over forty years, in a spirit of love, members of the Church have been counseled to be thrifty and self-reliant; to avoid debt; pay tithes and a generous fast offering; be industrious; and have sufficient food, clothing, and fuel on hand to last at least one year. Today there are compelling reasons to reemphasize this counsel.

[People] want to see great trade deals, they want to see a strong military. They want to see reduced debt, because we are at a point where we are going to be soon at $19 trillion and they just, you know, they can't stand seeing it.

Debt is dumb. Cash is king.

It takes as much imagination to create debt as to create income.

Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.

But sovereign debt is a wider question not only in Europe but across the globe. While every country is a unique case, I think it's not an issue of countries acting on their own. We need a more coordinated strategy not only in Europe but around the world.

The first point of justice ... consists in piety; nothing certainly being so great a debt upon us as to render to the Creator and Preserver those acknowledgments which are due to Him for our being and the hourly protection He affords us.

In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.' . . . [It's one more] striking example of inability to learn from experience.

The only frontier now left to exploit is not a frontier in space but a frontier in time. We steal the future from our children by plunging massively deeper and deeper into debt.

New Zealand as a whole needs to save more, spend less and reduce our reliance on foreign debt.

The French debt will remain massive. Savings should be made with cuts to the generous social system, which grants illegal immigrants the same protections as it does our citizens.

There are four headwinds that are just hitting the American economy in the face: They're demographics, education, debt and inequality. They're powerful enough to cut growth in half.

In my personal life I'm very conservative. I've been married to the same person for nearly 50 years, I'm scrupulous about paying bills, avoiding debt. I'm very careful. But as an actor I'm pretty reckless. I've done a lot of things that, when I see myself on screen, I have to shut my eyes. And I've made a whole bunch of movies that nobody sees, including me.

The debt that each generation owes to the past, it must pay to the future.

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.

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.

The United State has a net worth against which our debt is a joke ... we wrote in 2008 the United States is going to come out of this recession fast. The Europeans are going to fragment. The Chinese are going to be cremated. Why could we come out of it? Why has all economic theory been proven wrong? Because we're rich and we could afford it.

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

Nothing so breaks the spirit as a load of debt.

I can say that I'm a feminist and I try to be progressive and all that stuff. But I when I'm tired or when I've been thrown up on for the second time that I'm just a tired man trying to keep it together. I've had a lot of jobs over the years and people who make television - it's ridiculous how much they're lauded and paid. It's irresponsible and stupid. But it is hard work. It's very difficult to balance having three young kids and working like that. So I owe my wife an enormous debt of gratitude. I feel guilty that the kids had to be grown in her body and she hasn't been able to work.

In Mexico, a poor country, higher education is of quite good quality -- and is free. Ten years ago the government tried to impose small fees. There was a national student strike and the government backed down. High tuition is not an economic necessity, as is easy to show, but a debt trap is a good technique of indoctrination and control. And resisting this makes good sense.

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.

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?

Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude. America will never forget their sacrifices.

Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.

It is known, to the force of a single pound weight, what the engine will do; but, not all the calculators of the National Debt can tell me the capacity for good or evil, for love or hatred, for patriotism or discontent, for the decomposition of virtue into vice, or the reverse.