Quotes About Debt

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.

It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.

Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.

Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?

Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks.

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.

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.

The environmental crisis is somber evidence of an insidious fraud hidden in the vaunted productivity and wealth of modern, technology-based society. This wealth has been gained by rapid short-term exploitation of the environmental system, but it has blindly accumulated a debt to nature-a debt so large and so pervasive that in the next generation it may, if unpaid, wipe out most of the wealth it has gained us.

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.

I was thinking about the universe wanting to be noticed, and how I had to notice it as best I could. I felt that I owed a debt to the universe that only my attention could repay, and also that I owed a debt to everybody who didn’t get to be a person anymore and everyone who hadn’t gotten to be a person yet.

Forgiveness doesn't mean that what that person did was right or that you even have to get back into a relationship with that person. Forgiveness simply releases the debt they owe you so that God can release the debt you owe Him. Ask the Lord to search your heart and show you if there is any unforgiveness blocking His blessing in your life. Ask Him to show you more about this gift of forgiveness so that you can walk in the freedom and victory He has for you today.

If the prodigal quits life in debt to others, the miser quits it still deeper in debt to himself.

If a good person does you wrong, act as though you had not noticed it. They will make note of this and not remain in your debt long.

When Hume and Adam Smith prophesied that a little increase of national debt beyond the then amount of it, would probably occasion bankruptcy; the main cause of their error was the natural one, of not being able to see the vast increase of productive power to which the nation would subsequently obtain.

When I had dinner with a friend or a loved one and one of you pays for the check and the other says, "I owe you next time." I like to think that we're eternally even - that they don't owe me anything or I don't owe them anything if you have a connection with somebody or a love with somebody. I like to think that there's no debt to pay. You love each other and you're happy to pay for dinner every time.

I look at my life today at 69 and I think about all the things that have happened after all my imprisonment. We truly live in an amazing country, America is where you can do things and pay your debt back to society and literally change your life if you want to.

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.

Humans are such creatures of habit that once they get us in all this debt that we accumulate from going college that we have to work it off for the rest of our lives.

The folks I read as a kid really set me up. I owe a huge debt to Ray Bradbury and Madeleine L'Engle.

For the first time in living memory, the whole class of graduates faces a future of crushing debt, and a high probability, almost the certainty, of ad hoc, temporary, insecure and part-time work and unpaid 'trainee' pseudo-jobs deceitfully rebranded as 'practices' - all considerably below the skills they have acquired and eons below the level of their expectations.

When did atheists become so evangelical? I mean, if you don't believe something to be true, wouldn't you just ignore it? That's certainly what I do. Whether it's leprechauns or a congressional debt reduction plan - if I'm convinced it's fiction, I simply put it out of my mind. Not the atheists. They are obsessed with faith and religious practice. Their identities and their works are one big reaction to that which they hate. No longer content to simply dismiss God and those who follow in Him, the New Atheists have created a cult of unbelief.

Growth based on debt is unsustainable, artificial.

Our real debt ceiling isn't decided by Washington; it's decided by Beijing.

If you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.

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

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.

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 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.

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

The 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.

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.

The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs.

More taxes, more regulation, more Washington domination, more debt. Those things are not the future for America. They will never work.

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.

The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance.

If any person had told the Parliament which met in terror and perplexity after the crash of 1720 that in 1830 the wealth of England would surpass all their wildest dreams, that the annual revenue would equal the principal of that debt which they considered an intolerable burden, that for one man of

If you imagine that everything is an exchange, then we're supposed to just transact and walk away. If we haven't walked away and we still have a relationship, it's because there's a debt.

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

Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.

We want our children to live in an America that isn't burdened by debt, that isn't weakened by inequality, that isn't threatened by the destructive power of a warming planet.

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

My pan plays down an unprecedented amount of our national debt.

Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.

Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.

Nothing so breaks the spirit as a load of debt.

Duty is a debt you owe to yourself to fulfill obligations you have assumed voluntarily.

Well, as a former small businessperson - I understand what's going on, I think in the business community. And businesspeople around the country are looking at all the spending and all the debt. They're looking at all the policies coming out of this Congress and this administration the last two years, and they - it's created all this uncertainty.