Quotes About Debt

Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it's time to move from paying debt to building savings.

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.

Let us avoid debt as we would avoid a plague; where we are now in debt, let us get out of debt; if not today...tomorrow.

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.

But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.

It's the [George Bush] president's fiscal policies that have driven up the biggest deficits in American history. He's added more debt to the debt of the United States in four years than all the way from George Washington to Ronald Reagan put together.

When you don't have as much debt as we do, we don't have to worry about having this debt ceiling fight every single year. And I really think people are getting sick of having this news cycle every single year from Congress, from the Washington bubble.

The best way to get out of debt is not to seek to get out of debt, but to seek to create wealth

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.

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.

I am for a government rigorously frugal & simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers & salaries merely to make partisans, & for increasing, by every device, the public debt, on the principle of its being a public blessing.

At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams.

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.

The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going to be almost impossible to recover from.

Once 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.

So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.

Consider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt.

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.

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.

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.

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

Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.

An honest man is in Hell when he is in debt.

I can tell you this, if it wasn't for my book royalties, I'd be in debt.

It is a dangerous experiment to call in gratitude as an ally to love. Love is a debt which inclination always pays, obligation never.

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.

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.

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

Confession 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.

My kids don't have a trust fund, they have a debt fund. And when I die, they're $4 million in the hole.

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.

A dramatic unwinding of that relationship [between USA and China], by way of an aggressive trade policy, is one of the nightmare scenarios for the global economy as a whole, because it would result in a spiraling depreciation of the dollar, a surge in American interests rates, a collapse in the market for American government debt.

Face the fact that there's only one sure-fire way to erase credit card debt. By picking up a big, shiny pair of scissors and cutting your wife in half.

I would use the debt limit. I don't want to say - I want to be unpredictable, because, you know, we need unpredictability. Everything is so predictable with our country.

Our nation stands at the crossroads of liberty. Crushing national debt, rampant illegal immigration, insane business regulations and staggering national unemployment are pushing our nation into unchartered territory.

A national debt, if it is not excessive, will be to us a national blessing.

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

In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish.

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.

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

Having seen the people of all other nations bowed down to the earth under the wars and prodigalities of their rulers, I have cherished their opposites, peace, economy, and riddance of public debt, believing that these were the high road to public as well as private prosperity and happiness.

Debt creates stress, stress creates behaviors that don't lead to happiness.

The share price must be less than book value. Preferably it will be less than net working capital less long term debt.

And here's the fact: the fact is it doesn't solve the problem. First of all, if you taxed these people at 100 percent, basically next year you said, 'Look, every penny you make next year the government's going to take it from you,' it still doesn't solve the debt.

If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it.

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.