Quotes About Debt

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.

The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.

The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness.

I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year.

There are respectable individuals, who from a just aversion to an accumulation of Public debt, are unwilling to concede to it any kind of utility, who can discern no good to alleviate the ill with which they suppose it pregnant; who cannot be persuaded that it ought in any sense to be viewed as an increase of capital lest it should be inferred, that the more debt the more capital, the greater the burthens the greater the blessings of the community.

I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent.

Many more people could ride out the storm-tossed waves in their economic lives if they had their year's supply of food…and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year's supply of debt and are food-free.

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.

If you are, consolidating at a lower interest rate can help you pay off your debt faster. But if there's even a small chance that you'll spiral back into debt, it's not for you.

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.

The Catholic community, with many others, has long worked for this new commitment on global health and debt relief (President George W. Bushs proposed $15 billion Global AIDS initiative). I hope that Congress will now appropriate the money needed to make this legislation a reality, and that the U.S. government will press for strengthening the debt relief program along the lines proposed by this legislation.

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.

Bet on black. Buy low-debt or no-debt companies. When the economy is in trouble, these companies usually have enough cash on hand to stay out of trouble. And they seldom need to borrow when interest rates are high.

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.

No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance.

Those policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.

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.

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

Never before has information been so important, to governments and businesses alike. And please don't imagine that some of you gathered here today may be less concerned than others. Globalization means that the "butterfly effect" is everywhere at work. The mistakes of a stockbroker in Singapore or the collapse of the Baht in Bangkok, the decisions of a Finnish industrial concern, or what the Governor of Minas Gerais in Brazil decides to do about his State's debt, have had consequences for the world as a whole.

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.

To me, there is no greater threat than our debt. I'm the only fiscal conservative on the stage because I'm willing to hold the line on all spending.

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

As well as, we know, as a real estate developer, [Donald Trump] has hundreds of millions of dollars in debt, in loans.

My debt to feminism is simply incalculable. Feminism allowed me to see past a 'reality' that I had once taken as a given. It helped me to pay attention to countless voices, my own included, that I had been taught 'don't count.' Feminism allows me to maintain hope.

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.

At some point, the world is going to have to bite the bullet and accept a huge downsizing in its way of life to bring the assets-to-debt ratio back in touch with reality.

I have two amazing things in my life: I'm pain-free and I'm debt-free.

To one bent on age, death will come as a release. I feel this quite strongly now that I have grown old myself and have come to regard death like an old debt, at long last to be discharged.

Science does not know its debt to imagination. Goethe did not believe that a great naturalist could exist without this faculty.

When Uganda got debt relief in 1999, the first item President Museveni bought was a presidential jacket for himself.

Revenge is a debt, in the paying of which the greatest knave is honest and sincere, and, so far as he is able, punctual.

But obviously, we're looking for all good ideas to help deal with our long-term debt problem. This is something that is going to affect our economy. It affects our kids. And we need to deal with it.

Shannen Rossmiller's work in exposing Islamic terrorists has genuinely made our country safer. She has dedicated her life to combating the terrorist threat against the United States and has amazingly been able to infiltrate and actually stop terrorist operations. Our entire country owes her an immeasurable debt of gratitude.

Praise in the beginning is agreeable enough; and we receive it as a favor; but when it comes in great quantities, we regard it only as a debt, which nothing but our merit could extort.

I balanced the budget for four straight years, paid off $405 billion in debt - pretty conservative. The first entitlement reform of your lifetime - in fact, the only major entitlement reform now is welfare.

There's something odd about telling people, artists, that they need to work for free to be pure while you're sitting there getting a salary that ultimately is paid by a generation of young people going deeply into debt for their education.

Rather go to bed with out dinner than to rise in debt.

The US economy today is in really bad shape. Our economic growth is minimal, our regulatory burden is horrific, taxes are high, businessmen are not investing in growth, and consumers and government are loaded up with debt.

I'm for eliminating deductions and taking some of the money to buy down rates and put it on the debt. That's not raising taxes. That's solving a problem.

I live in Vegas, and I see people by the side of the road with cardboard signs who seem like they might have tried that spending their way out of debt thing.

Republicans and Democrats are obsessed with making sure that illegal aliens are granted citizenship. The American people are not. They're concerned about jobs, the economy, debt. They're concerned about a plundering country. They're concerned about a decaying, dying country.

Too many Americans are out of work, and our debt is out of control.

We [Americans] inherited British law, which is like the new "reforms" that are being made now, in the sense that people are permanently entrapped in debt, if they once fall into bankruptcy. The reason that the law was changed in American history - the whole early period of the formation of the country was moving away from British law into a law that is generated here and that conforms to the sense of what is appropriate here.

The capitalist system is about taking from the Earth and from the other great commodity, labour. What's happening with this system is that the rich are getting richer and the poor are getting poorer, and the only way out of it is supposed to be growth. But growth is debt. It's going to make the situation worse.

Most wealth is inconspicuous. The man down the street driving the nice car and living in the mansion could easily have greater debt and a lower net worth than the stealthy and wealthy plumber who drives a beat-up truck but seems to work only when he doesn't feel like fishing.

I do not add a penny to the national debt.