Popular quotes about Debt! Wisdom and inspiration are here!
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.
Jean ChatzkyShipping 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 CunninghamYou 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.
Jean ChatzkyLong 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.
Peter CundillThe Bible is clear about two principles: (1) We always need to forgive, but (2) we donโt 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 personโs 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.
Henry CloudLet every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.
Rutherford B. HayesYou [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.
Hillary ClintonWhat I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.
Rush LimbaughWe 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.
Rush LimbaughEven men who were engaged in organizing debt-serf cultivation and debt-serf industrialism in the American cotton districts, in the old rubber plantations, and in the factories of India, China, and South Italy, appeared as generous supporters of and subscribers to the sacred cause of individual liberty.
H. G. WellsI 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
Alan GreenspanI'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."
Rush LimbaughDo not confuse "duty" with what other people expect of you; they are utterly different. Duty is a debt you owe to yourself to fulfill obligations you have assumed voluntarily. Paying that debt can entail anything from years of patient work to instant willingness to die. Difficult it may be, but the reward is self-respect.
Robert A. HeinleinWhen I was a youngster growing up in South Dakota, we never referred to the national debt, it was always referred to as the war debt because it stemmed from World War I.
George McGovernWell, as I said, you know the issue of Greek debt, they've grasped the principle of debt reduction. I think most people would argue that probably more needs to be done on that front, and they've just begun to take the first steps to accepting that there's going to have to be much closer economic integration in Europe.
Vince CableWe need a wealth tax that on a one-time basis is going to take back at least some small fraction of the great windfall that the upper 1 percent, or 5 percent and pay down the government debt, pay back the federal debt because we can't put this on the next generation or they're going to be buried paying taxes.
David StockmanYou know the most important thing the Americans did for Iraq apart from liberating the country from Saddam was helping Iraq reduce its debt. The United States worked very hard to reduce 80 percent of Iraqi debt.
Ahmed ChalabiWhen 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.
Barack ObamaNot only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again.
Jerry BridgesWhat God may have enabled me to do is but a repayment of debt, and he who repays a debt deserves no praise.
Mahatma GandhiHenry James once defined life as that predicament which precedes death, and certainly nobody owes you a debt of honor or gratitude for getting him into that predicament. But a child does owe his father a debt, if Dad, having gotten him into this peck of trouble, takes off his coat and buckles down to the job of showing his son how best to crash through it.
Clarence Budington KellandWe've turned the post-war economy that made America prosperous and rich inside out. Somehow most people believed they could get rich by going into debt to borrow assets that were going to rise in price. But you can't get rich, ultimately, by going into debt. In the end the creditors always win.
Michael HudsonOnce the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That's going to signal to future lenders that you left the last guy hanging. That's why, as with bankruptcy, debt settlement is an extreme option, one you shouldn't take lightly. It's not just an easy, cheap way to eliminate debt.
Jean ChatzkyIf the prodigal quits life in debt to others, the miser quits it still deeper in debt to himself.
Charles Caleb ColtonWe can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.
John SprattThe 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.
Marcus Tullius CiceroThe spirit in which a thing is given determines that in which the debt is acknowledged; it's the intention, not the face-value of the gift, that's weighed.
Seneca the YoungerI am quite likely to re-act to the opposite extreme - to feel rapturously that the world is beautiful and mere existence something to thank God for. I suppose our 'blues' are the price we have to pay for our temperament. 'The gods don't allow us to be in their debt.' They give us sensitiveness to beauty in all its forms but the shadow of the gift goes with it.
Lucy Maud MontgomeryNo 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.
George WashingtonIn the United States we have the great Harvard Business School, but America is the country with the greatest debt in the world.
Maharishi Mahesh YogiIt is a dangerous experiment to call in gratitude as an ally to love. Love is a debt which inclination always pays, obligation never.
Blaise PascalThe American people do not like privatization. They are afraid of the debt the president's willing to do. And they don't like benefit cuts. And everyone here should understand all 45 Senate Democrats are united. We are not going to let this happen.
Harry ReidObama has been trying or was trying to transform the country away from the way it was founded, and it is causing misery, and it is causing a lack of optimism about the future. It's resulted in massive student debt, worthless college degrees, no job opportunities. That's what the election of Trump was all about, trying to reverse this trend.
Rush LimbaughWithout true medical liability reform, our doctors will continue to leave, and young doctors coming out of medical school $100,000 to $200,000 in debt will not be able to afford such onerous costs.
Jim GerlachConfession of sins is not meritorious: to confess sins as a way of placing God in your debt is not dealing with sin; it is committing another sin. The context of all confession must be the free grace of justification.
Douglas WilsonI 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.
Marcus Junius Brutus the YoungerThe atonement is a multifaceted event-Jesus is shown providing surety for our debt to God, mediating the enmity between us and God, and offering Himself as a substitute to suffer God's judgment in our place.
R. C. SproulIn January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody.
Suze OrmanBotswana is actually very peaceful. It's democratic. It never was in debt. They've been fortunate, they've had diamonds.
Alexander McCall SmithBut 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.
George PapandreouAnd you receivers - and you are all receivers - assume no weight of gratitude, lest you lay a yoke upon yourself and upon him who gives. Rather rise together with the giver on his gifts as on wings; For to be overmindful of your debt, is to doubt his generosity who has the free hearted earth for mother, and God for father.
Khalil GibranCurrently, the United States has troops in dozens of countries and is actively fighting in Iraq, Syria, Libya, and Yemen (with the occasional drone strike in Pakistan). In addition, the United States is pledged to defend 28 countries in NATO. It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt.
Rand PaulThe 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.
Marine Le PenThe Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
Nouriel RoubiniIn 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.
Christopher WalkenWhereas 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.
Bob Brown