Quotes About Debt

Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.

Suckers 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

When you talk about raising that debt limit, the only way that I would ever support raising the debt limit if we also talk about budgetary controls on the federal government, capping its spending, how do we deal with the Social Security, Medicare and Medicaid problems, because they cannot continue to run on auto-pilot.

When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.

Allow a government to decline paying its debts and you overthrow all public morality-you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.

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?

There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks.

We 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.

Pay off your debt first. Freedom from debt is worth more than any amount you can earn.

The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.

All 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.

Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.

The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.

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 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.

Karma is an energy debt which you owe or an energy credit which is owed you. Both involve compound interest that is added to the equation making it either a burden or a blessing.

Conscience 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.

Thank and glorify His Beloved Son, who, with indescribable suffering, gave His life on Calvary's cross to pay the debt of mortal sin. He it was who, through His atoning sacrifice, broke the bonds of death and with godly power rose triumphant from the tomb. He is our Redeemer, the Redeemer of all mankind. He is the Savior of the world. He is the Son of God, the Author of our salvation.

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.

Growth based on debt is unsustainable, artificial.

In our observances this Memorial Day, we honor the brave Americans who paid the highest price for their commitment to the ideals of peace, freedom, and justice. Our debt to them can be paid only by our own recommitment to preserving those same ideals.

The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government, to improve the economy from the bottom up. This includes increasing facilities for debt forgiveness for under-water mortgages and excessive student loans; increased credit facilities for small businesses and cooperatives; helping to underwrite mechanisms for creating affordable housing in cities; and more restrictive enforcement of financial regulatory rules to help rein in excessive banker risk and pay.

Seek the Lord and give God the opportunity to provide through other means before you take out debt.

If I was trying to destroy this country, what I would do is find a way to drive wedges between all the people, drive the debt to an unsustainable level, and then step off the stage as a world leader and let our enemies increase while we decreased our capacity as a military person. And that's what [Hillary Clinton] doing.

You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.

Nobody can solve debt problems like me.

Botswana is actually very peaceful. It's democratic. It never was in debt. They've been fortunate, they've had diamonds.

The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression.

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.

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

History tells us that the threat to prosperity is not debt but socialism.

Debt can be the most addictive thing in the universe, and it can kill you. You get used to living high off the hog. It was intoxicating.

America going into this huge, costly, never-ending war created huge debt, which became a huge problem in Congress and led to it stalling many times, putting a halt to different kinds of social progress.

It's not long-term debt if the money is immediately paid back.

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.

If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.

Be sure that debt does not exceed 100% of the equity.

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

I think that, you know, this is a different year than most years. We've got to tell the American people that we have to live with less. We have a $13.5 trillion debt. And the only way to do that is an honest campaign with honest people.

We are far betting dealing with the big losses-death, divorce, debt, and debilitating illness-than with the daily onslaught of little losses.

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.

Sometimes I go to God and say, "God, if Thou dost never answer another prayer while I live on this earth, I will still worship Thee as long as I live and in the ages to come for what Thou hast done already. God’s already put me so far in debt that if I were to live one million millenniums I couldn’t pay Him for what He’s done for me.

No man is truly free who is in financial bondage. 'Think what you do when you run in debt', said Benjamin Franklin, 'you give another power over your liberty.'

A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.

One thing is certain. At some point global investors will lose confidence in our (U.S.) easy dollars and debt-financed prosperity, and then the chickens will come home to roost.

This law represents a cornerstone in a structure which is being built but is by no means completed--a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy--a law to flatten out the peaks and valleys of deflation and of inflation--in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness.

Our folks have a lot of passion. They're very concerned about the direction of the country and concerned the record debt and deficit and what it means for their kids, concerned about the economy and the fact that we're not getting back on track with the weakest economic recovery since the Great Depression. And at the end of the day, I think that's going to make the difference.

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.