Here, we’ve compiled a list of the best Debt Quotes from famous authors such as John Layfield, Bradley Wiggins, Ted Cruz, Theresa May, Marcus Tullius Cicero. Let’s look at these pieces of wisdom. We definitely have something to learn from them!
I buy companies I want to own. I buy companies that make a lot of money, that don’t have a lot of debt, and that I can understand.
My mum put herself in £50,000 of debt to service my sporting career. She did everything for me to pursue my dream.
It has been suggested that those of us who are fighting to defend liberty – fighting to turn around the out-of-control spending and out-of-control debt in this country, fighting to defend the Constitution, it has been suggested that we are wacko birds.
Poverty is about people lacking the tools they need to get on in life. And solving it is about tackling educational failure, antisocial behaviour, debt problems and addiction, and of course it’s about work.
It shows nobility to be willing to increase your debt to a man to whom you already owe much.
Public borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.
I owe a great debt to what we call the amateur theater.
When you’ve paid your debt to society, you need to be reconnected and re-engaged in society.
I have no illusions about my art. I am what the public made me and, consequently, I am not likely to forget my debt to them.
It is my growing conviction that the Baptist churches in America are behind the age in missionary spirit. They now and then make a spasmodic effort to throw off a nightmare debt of some years’ accumulation, and then sink back into unconscious repose.
When we were playing chess in the house, she would never let me win until I was good enough to beat her. It was always a competition. She was also always there for me. She was a very caring, loving mom, and the sacrifices she made to allow me to get to where I am today, I’ll be forever in debt.
If Congress adds 5 percent to the debt, then their pay should be cut by 5 percent.
Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.
Consumer banking – selling debt to middle class families – has been a gold mine.
Investment bankers do much of their business underwriting government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt.
When I left Washington, we actually had a balanced budget and we paid down the most amount of the national debt in modern history and cut taxes and created jobs. And I was the chief architect of that plan in ’97.
During the 2016 presidential campaign, candidate Donald Trump pledged to eliminate our national debt ‘over a period of eight years.’ Now two years into his administration, our national debt has increased, surpassing $21 trillion for the first time in American history.
America owes a debt of gratitude to all service members who have fought to preserve the freedoms we all know and cherish today.
America’s fighting men and women sacrifice much to ensure that our great nation stays free. We owe a debt of gratitude to the soldiers that have paid the ultimate price for this cause, as well as for those who are blessed enough to return from the battlefield unscathed.
You have to tackle the real drivers of debt – that’s mandatory spending, not discretionary.
There’s nothing progressive about spending more on servicing your debt than on educating your children.
Tonight I should like to thank all those who have shared my work and to acknowledge the debt that I owe to my wife whose encouragement to put research before all other things has been a great strength to me.
Let me tell you the story about Massachusetts under Governor Romney. It did fall to 47th out of 50 in jobs creation. Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.
I have dealt with a pretty interesting mix of young people, many of whom have never been involved in any form of politics at any level who are interested in alternatives to austerity and debt, and older people who left the Labour party, mainly over Iraq, who are coming back in.
For the first forty years of his real estate career, my grandfather never acquired debt. In the 1970s and ’80s, however, all of that changed as Donald’s ambition grew larger and his missteps became more frequent.
For Andrew Jackson, politics was very personal. He hated not just the federal debt. He hated debt at all.
Our inability to govern ourselves at home, to deal with everything from infrastructure to our debt to tax policy, is reducing the appeal of the American model.
A true lover always feels in debt to the one he loves.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That’s wrong, but neither the U.S. nor Europe has a plan to stop it.
The perils of credit and debt, especially perilous in the computer age, have long been acknowledged in pop culture, but very infrequently by TV.
In college, I studied political science, policy, and law. My plan was to move to New York, pay off student debt in a year or two, and then run for office.
The federal government is far larger than the Founding Fathers ever intended it to be. We have racked up over $16 trillion of debt through wasteful spending, and it is time that we cut that waste and start reducing the size of our government.
Housing wealth – the net equity held by households, consisting of the value of their homes minus their mortgage debt – is the most important source of wealth for all but those at the very top.
Get rid of debt now.
You 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.
You cannot spend your way out of recession or borrow your way out of debt.
I’m not going to raise the debt ceiling.
Debt is one person’s liability, but another person’s asset.
As the founder and former chief executive of two publicly traded companies, I have had a great deal of exposure to how debt markets work.
But learn that to die is a debt we must all pay.
It’s very difficult to explain to a normal working citizen the implications of what $18 trillion in debt means and what it means when the Federal Reserve buys the U.S. Treasury bonds to finance our loss every month.
All Americans owe a debt of gratitude to Dr. King for his bravery and commitment to civil rights and nonviolence that changed this nation – and world – for the better.
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.
The privatization plan weakens Social Security and threatens our economic security by creating trillions of dollars in new debt.
Getting a family into work, supporting strong relationships, getting parents off drugs and out of debt – all this can do more for a child’s well-being than any amount of money in out-of-work benefits.
I don’t come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt.
It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.
The biggest reason most people fail is that they try to fix too much at once – join a gym, get out of debt, floss after meals and have thinner thighs in 30 days.
After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.
The whole student loan thing drives me completely nuts. If it wasn’t possible for 18-year-olds to sign themselves up for tens of thousands of dollars in debt in order to pay their college bills, the state governments wouldn’t have found it so politically easy to cut taxpayer support for public colleges and universities.
The only way you can raise the debt ceiling is to change the trajectory of spending – that’s my personal preference. But I want the Ways and Means Committee to offer up a solution.
Debt is a drag, a reality you may experience with every credit-card bill you open. But for a corporation or a government, it can be even more of a drag – on economic growth and job creation.
To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.
I’ve been pretty clear about saying that I think that the No. 1 threat to our national security is our debt. And we’ve got to get our arms around that and head it in another – head it in the right direction – that we have to pay our fair share of this.
I am very glad that Paul Ryan left the government as a capitulating supplicant to Donald Trump while the government was shut down, while the debt hit record levels, right? Every single thing Paul Ryan claimed to care about.
As a first-generation college student who worked my way through community college on to Cornell Law, having health insurance was not a top priority when I was starting out. I was buried in student loan debt and worried about simply making ends meet.
The debt ceiling at some point has to be raised. I don’t think there’s anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.
She had called in the debt that parents owe a child for bringing her, unasked, into a strange world. One should never make an offer without knowing full well what will happen if it is accepted.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
The debt they ran up in the first year of the Obama administration is bigger than the last four years of the Bush combined.
The idea that debt is necessary for trade, and has to be forgiven, is consequent to the rise of a market economy. The idea that debt is wrong and should be punished is a feature of a moral economy.
If you put a purchase on a charge card, you’re paying it off forever. You have to know how to pay it off before you go deeply in debt.
Mr. Macri’s government caused damage similar to what Argentina suffered in 2001: a debt default, no foreign-currency reserves, a steep devaluation and increased poverty.
One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.
Venture capital is debt. People don’t understand that.
I’ve always been terrified about not having money. I’ve been a big saver and a big earner. When I’ve been out of work, I’ve always found another job. I never wanted to get into debt, because money was very tight when I was growing up. I never felt deprived, but I couldn’t have the things I wanted.
When Trump lied and claimed credit for ‘the greatest economy in the history of our country,’ even though it wasn’t, and even though he inherited a strong economy, and goosed it up with trillions of dollars in debt, it didn’t matter to most people.
Unfortunately, this will have a ripple effect in the economy. People carrying heavy student-loan debt won’t buy houses, start families, or start businesses. This will hurt the future economy.
For too many years, politicians in Washington have been eager to pledge more hard-earned taxpayer dollars to help deal with the student debt load. But this doesn’t sit right with the many Americans who take pride in making fiscally responsible choices and paying off their loans on time.
All of us at Cablevision and MSG owe Dave Checketts a debt of gratitude for 10 years of service.
The people of Maine were tired of being in debt and tired of being overtaxed.
I have a debt, a loyalty to the museum; the best place for me to do what I wanted to do.
We have determined as a society, as a country, as a people, that the incarceration and the supervision and the specific fines for a particular crime are that person’s debt to society.
By teaching twenty-something year olds responsible debt management practices, we can help them create a balanced lifestyle and find peace of mind through increased financial awareness, smart saving and long-term investing.
Our national debt poses a threat to all Americans and is particularly troublesome both for well-established businesses and for those seeking to enter into the marketplace.
Credit is an ‘I love debt’ score.
National service coupled with education awards, such as AmeriCorps programs or Teach For America, can help young people gain skills and contribute to society without accumulating excessive debt. It gives them a means to develop job skills and discover career paths.
Student loan debt is a real problem. People want to have serious conversations about that.
Every part of society should honour the debt we owe those who’ve served our country.
Without this playing with fantasy no creative work has ever yet come to birth. The debt we owe to the play of the imagination is incalculable.
The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that’s ‘too big to fail’ to actually fail.
So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It’s an empire. There’s no two ways about it. It’s a huge empire. It’s been extremely successful.
People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people’s home lives, domestic stuff.
If we reach the debt ceiling, we don’t have to default. Getting to that point just won’t allow us to reach new debt.
I wrote this 12-page ‘Luke Cage’ comic book for Marvel once, and I got to create a villain. His name was Lone Shark, so there was this running thing of whether it was spelled L-O-A-N or L-O-N-E. I like the idea of ‘I’m a lone shark,’ and then people are like, ‘You are here to collect a debt?’
There are no debt payments that can be sustained if the country does not grow.
My hope is that we’re going to be more strategic and focused as we look for a way to address the long-term deficit and debt issues that are affecting this nation.
My experience is not creating debt but my experience is creating jobs.
What our Republican friends are doing, if we look at what they do and not what they say, they have decided that the most important thing in this country is to increase payments for interest on the national debt.
And that’s how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.
It’s God’s will for you to live in prosperity instead of poverty. It’s God’s will for you to pay your bills and not be in debt.
Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.
Growing up, it was just me and my mom. I watched her struggle for 17 years, and when I was 19, I got a chance to pay off all of her debt after two paychecks. That’s a crazy feeling.
The most important loan to pay is your student loan. It’s more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
I don’t have more money. I won’t have more money than any of the candidates, even the Republican candidates. We know that already. But we are building this campaign team like I would build a business. And that is, we are building it so far with no debt.
We saw in Greece how dangerous it is if a country has a bigger and bigger debt, and I hope that we will not have a second Greece in our neighbouring country, Italy.
What I’m concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.
Any creator owes a debt to past creation.
The people of Illinois sent me to Springfield to end the era of unbalanced budgets and runaway debt.
At this time – we’re in a dramatic crisis – euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.
The thing is, Obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. Such a thing has never happened and can’t be allowed to happen.
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
Hindi commercial cinema has denigrated women. We owe a debt of ingratitude to Bollywood for having insidiously polluted our culture covertly.
I will never forget the debt we owe to those who have fought to keep America safe.
If Washington continues to fumble issues like taking care of the debt, getting the troops home, and rebuilding our economy, my wife and I may sit down and say, ‘These are critical things and maybe we need to get back in the ball.’
I ran for office originally as part of this Tea Party Movement because we were upset with Republicans who’ve doubled the debt. We were upset with Republicans that bailed out the banks.
The romantic idea of the penniless writer is false. It’s terrible. I hated being in debt. I hated the anxiety of not knowing whether we could pay our rent that month. Thankfully, I had a wife who was very supportive and had faith and shared my madness.
Foreign workers typically migrate to Malaysia willingly, looking for greater opportunities, but often fall into forced labor or debt bondage.
Our experience is that most entrepreneurs are able to attract debt, even for risky and early stage investments. There are investors who provide debt, but very few who fund through equity.
I was never stupid with my money, because I grew up without it. So when I started to make some, I was like, ‘Okay, first rule of thumb, I’m not buying it unless I’ve got the money to buy it,’ so I have no debt.
At a time when the United States is handing out tax breaks to corporations that ship jobs overseas, corporate jet owners, and millionaires and billionaires, it is ludicrous that we would even be looking at Social Security and Medicare as a solution to our debt crisis.
People like Pete Peterson, the former secretary of commerce and Blackstone and titan of Wall Street, etc., has been writing books for years about the debt and deficit.
You never cash out a 401(k) or IRA to pay off debt, unless it’s to avoid a foreclosure or bankruptcy.
I fully believe that the U.S. has the obligation to honor its debt.
I absolutely appreciate the opportunity it’s been. I wouldn’t be here without ‘Gossip Girl,’ so I will always be in debt and grateful.
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.
My father passed away when I was two, and my mother was just 22-years-old back then. So young and only soul to take care of three brats. We were highly in debt and our financial condition was really bad. My mother used to work in a factory, and she used to complete the pending work at home.
While I’d like to be able to simply do all of my financings with a handshake or, possibly, on a napkin written in crayon, I also wish I had a herd of unicorns surrounded by rainbows, a balanced U.S. government budget, and agreement on how to address the debt ceiling issue.
I only became involved in politics when democracy returned to Bolivia. Then, unluckily in democracy, we ran into the inheritance of 20 years of military government, a great deal of debt, and a great deal of expense.
The things to watch are whether the country’s borrowing costs are rising, whether its budgetary allotment for payments on the debt is increasing, and whether it is spending on good priorities. Those big, scary debt numbers are not as big and scary as they used to be.
A church debt is the devil’s salary.
Nobody wants the United States to default on its debt. Nobody. But, at some point in time, we’ve got to address the fiscal woes of this nation.
You know, when Republicans were in charge, we doubled the debt. But, now, our concern is the Democrats are in charge and they’re tripling the debt. So, really, our concern is that we want smaller government.
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C.
Venezuela has supported Cuba in many ways throughout its history. We have a debt of gratitude.
Everyday people are graduating from universities with crippling debt, stifling their opportunity for financial mobility, that is what’s broken with this country.
In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
Japanese tend to put sales and market share first. They make many products with the aim of raising sales. But then profits decline, and companies find themselves falling into debt… I changed the mindset at Canon by getting people to realize that profits come first.
You talk to any of the job creators, and they’ll tell you one of the things that concerns them the most is the debt. And so high levels of indebtedness are going to lead to high levels of taxation, which lead to high level of unemployment.
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America’s debt.
And being in the EU has given Britain a stronger voice in the world. Britain leads in Europe, from trade to climate change, from good governance to debt relief for the poorest nations, and in turn Europe helps to lead the world.
Defaulting on the nation’s debt would be cataclysmic. The U.S. Treasury’s Aaa rating is the one constant in the world’s financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.
I certainly think you could look at the business side of how WWE was run, which was as a conservative company with little debt and strong cash balance.
I feel like as a writer, I owe a huge debt of gratitude to ‘Game of Thrones’, because it really blew open the doors for fantasy on television.
When I was running as an athlete, I’d be looking at my heart rate, monitoring when it started to peak, when it plateaued. I’d make a note of the oxygen debt in my body and would always be working to a specific time.
I do worry that as we try to fix this long-term debt and deficit situation that we don’t destroy the market incentives for biomedical research. What I fear is the government using its considerable clout to say, ‘Here’s the price we’re setting for your medicines.’
I do have a huge debt of gratitude to people who fought for equality.
We have no exposure in Europe and not made any finances to the companies there. So the question of Greek debt crisis impacting the bank does not arise.
Our pandering politicians compete to add names to the dependency of entitlement rolls instead of evaluating the success of these programs by how many people leave the dole and are restored to an independence. And these bulging entitlements are saddling our offspring with unsustainable generational debt.
The convertible note is a useful and common financing structure in Silicon Valley. It’s a form of debt that is really more a type of equity – one where the valuation hasn’t been determined yet.
No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure.
Debt collection is a market with real, persistent, and disturbing problems.
It is not from your own goods that you give to the beggar; it is a portion of his own that you are restoring to him. The Earth belongs to all. So you are paying back a debt and think you are making a gift to which you are not bound.
I think what’s important to understand is if the United States hits the debt ceiling and is unable to pay its debts, the consequences will be immediate and dramatic.
One of the cruellest things of all is to have a huge deficit in this country, meaning that everyone’s children will be expected to pay back for our debt today. That is unfair as well.
Yes, it is long past time we get serious about tackling the nation’s ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.
Well, the problem of the federal government is that they print money and go in debt. That’s their national policy, Democrats and Republicans it doesn’t matter. And this is where I differ.
The Missourians I hear from just don’t buy the idea that the only way to tackle the national debt is to drastically alter Medicare and Social Security.
I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.
President Obama has piled on more taxes, more regulations, more debt for future generations and higher health care costs – hurting our Main Street economy.
Students from disadvantaged backgrounds will have the most debt, and then, being less likely than their affluent peers to go straight into high paying jobs, they will spend most of their working lives trying but failing to pay off that debt.
I am the product of the American education system. It is a system that has always been on the lookout for bright boys and girls. It spotted me when I was 14, and I owe a tremendous debt to my alma mater.
I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’m the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
You watch television and see what’s going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing’s going to get fixed until the President himself steps up and wrangles both parties in Congress.
America needs education reform on all levels to expand quality schools, build on past successes, and lower college debt.
There is scarcely anything that drags a person down like debt.
Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government’s failure to prevent this disaster.
The Government of Iraq also owes a debt to the American and coalition forces who are fighting the insurgency and helping put that country back together after decades of repression.
Students take out loans with the expectation that they will receive an education that sets them up for success – yet too many students are left with enormous debt from predatory institutions and no education to show for it.
It is critical that low-income consumers have access to alternative products and services such as rent-to-own. It gives working-class families opportunities to obtain decent household items without incurring the burden of debt.
Student loan debt is certainly not a fitting topic for a commencement speech, but it’s an issue we must confront – not only for thousands of college graduates who deserve a fair shot, but also for our economy.
It’s disappointing that President Obama – who ran for office in 2008 saying he was going to be a fiscally responsible president – has caused the largest deficits and the largest debt in American history.
The men who start out with the notion that the world owes them a living generally find that the world pays its debt in the penitentiary or the poor house.
Part of any solution to get our economy going should include steps to free up our small businesses by peeling back unnecessarily burdensome regulations, ending the continual threats of tax hikes, and addressing the cloud of federal debt that hangs over our economy.
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.
I would almost rather be in debt constantly than work with horrible people that I hate.
I am perfectly happy to compromise and work with anybody: Republicans, Democrats, Libertarians – I’ll work with Martians if – and the if is critical – they’re willing to cut spending and reduce the debt.
Modern economies rely on debt, which encourages productivity and growth. But that system of credit requires consequences for debtors who default.
It’s funny to think that when you get done with an acting job, you’re considered unemployed. There are definitely times when those checks don’t last forever. I went to college at a private school, and I racked up quite a bit of debt. I was very slow to pay them back.
The interesting thing about debt in most cases is that you have to pay it back. So if you build an overhang of debt, it becomes more and more limiting in terms of the prospect that you have.
Brexit is a disaster, Italy won’t be real about its debt, and the European Union is in trouble.
Americans are fed up with how things are going in the country right now. They see more job losses, rising debt and plummeting home sales. They feel let down by a government that passes one 2,000-page, trillion-dollar law after another instead of focusing on addressing the problems Americans worry about every day.
Today, as we look back on the history of our nation and take note of how far we have come as a people, we are reminded that we owe a great debt to those who fought valiantly for the freedoms that we easily take for granted.
The 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.
Young people deserve stable employment opportunities and not mountains of debt. When young people can access the middle class, America is strengthened.
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can’t or won’t pay their bills are the dregs of society.
You know, Hoosiers recognize pork when we see it. And they recognize what bailing out every failing business in America means – We’re burying generations under a mountain range of debt.
I think some people don’t truly understand the situation, and they think, you know, the debt limit, it doesn’t really mean anything, and they don’t understand the implications on the U.S. economy and on the global markets.
I don’t think there’s a Photoshop professional out there that doesn’t owe a significant chunk of their expertise – and a big debt of gratitude – to Bruce Fraser. He almost single-handedly shaped the way we work with color, how we process RAW images in Photoshop, and even how we sharpen our photos.
I get up every single day trying to repay a debt that I can never repay. Never. And I will work hard. Because I don’t know why I was saved. I don’t know.
I often say that paying off your debt is like dieting. There are no miracle cures; it takes discipline and hard work.
It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.
Too often, we make budget cuts – then blow the savings. Instead, think about your financial picture. Do you have high-interest rate debt? Paying it off faster will save you a bundle.
No country can be complacent in making sure that excessive debt of the household doesn’t create excesses and weaknesses in the financial system. Everything is interconnected.
New Zealand as a whole needs to save more, spend less and reduce our reliance on foreign debt.
Households and businesses cut expenses every day. Passing a financial down payment alongside the debt limit sends the right message to the public, and gives members of Congress greater comfort, or cover, depending on your perspective.
Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.
Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.
If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
There is lots of evidence that it is this fear of going into debt that most puts people from poorer backgrounds off going to university.
No one should go into debt if a family member gets sick or injured.
What matters to me is that I do what I think is right and I see, I’m a numbers guy, that’s my attitude. I know we have a debt tsunami coming, we are bankrupting this country and I’m in a position where I can actually advance ideas to prevent that from happening. That’s exactly what I should be doing.
In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.
The debt we owe to the play of imagination is incalculable.
Debt is a social and ideological construct, not a simple economic fact.
I think everyday people on the street who have never been affiliated with the tea party movement are alarmed with the spending and the debt that we have.
Both on an individual and a national scale, debt imprisons.
Every professional athlete owes a debt of gratitude to the fans and management, and pays an installment every time he plays. He should never miss a payment.
You know those movies where the people in the audience are screaming, ‘Don’t go in that door!’ because you know the killer is there? Well, it is the same thing with this debt. We know how this ends.
Some bailiffs were tacking on extra charges left, right and centre – a fee for every letter they sent, extra fees for visiting your house, for clamping your car, seizing it, towing it and selling it. It all stacked up and people in debt had no choice but to pay. We have put an end to this.
I did go to an MFA program, at Bowling Green State University in Ohio. For me, it worked perfectly. It was a small program. They only take five fiction writers a year, and they fund all of us – you don’t go into debt to get an MFA. It’s not like getting an MBA – you’re not going to buy yourself out.
As the property market is very steep right now I think people should invest their capital in a mix of equity and debt instruments, through reputed mutual funds and maybe some in gold and silver. Regular savings are very very important.
Many students graduate from college and professional schools, including those of social work, nursing, medicine, teaching and law, with crushing debt burdens.
In fighting the debt crisis, E.U. countries have enhanced co-operation and carried out reform with tremendous courage. This is laudable.
America faces very real challenges. The climate crisis, inequality, stagnant wages, student debt – the list goes on. Rather than address these serious problems, Trump uses hate-filled rhetoric to divide America by race, religion, and ancestry.
Not raising the debt ceiling does not trigger a default, because we’ve got enough money to service our debts. Default is when you can’t service your debt.
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.
President Obama’s call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.
I am fighting for those middle-class families who want us to deal with our debt and deficit, but they also want the investments that are critical to our country moving forward.
The FREED Vets Act will make student debt forgiveness for eligible disabled veterans automatic, both now and in the future.
Elvis Presley was the big bang. He was the most influential single figure in the history of American pop culture. He changed the way we looked, thought, dressed, held a guitar. He didn’t invent rock & roll, but he defined it in a way that everyone who followed him owes him a debt.
There’s nothing normal about graduating with massive student debt, where you live in fear of predatory debt collectors and wage garnishers even as you are starting to live your life.
Without any formal personal finance education or trustworthy resources to tell them otherwise, the majority of people in the 18-to-24-year-old age bracket do not know how to use credit effectively, tackle debt or make wise decisions when it comes to spending.
When I wrote ‘The Assistants,’ I knew very much that I wanted to write about income inequality and student loan debt and the gender wage gap, but I wanted to put it in a really slick, fun package. That book ended up being described as a socially conscious novel in chick-lit clothing.
A Christian people who have for two hundred years kept a race in bondage, deprived of the advantages of civilization and religion, owe them a debt of gratitude which it would seem ungenerous to withhold.
My greatest debt will always be to the movie-going public of yesterday and today, without whose love and devotion I would have had no story to tell.
Historically, the responsibility for voting on the debt limit has gone to the party in the majority.
I talked to a lot of employers who just are, are fearful of what’s coming next out of Washington. It’s all the spending, it’s all the debt. It’s their national energy tax, they want to call it cap and trade – more mandates, higher costs, more taxes. Their healthcare bill – more mandates, higher costs, higher taxes.
We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.
Hungary has a moral debt to the Jews that it helped send to death camps thirty years after the First World War.
Italy has piled up huge public debt because the successive governments were too close to the life of ordinary citizens, too willing to please the requests of everybody, thereby acting against the interests of future generations.
Despite the debt, the traffic, the one-party rule, the taxes, and the eagerness of politicians to overwhelm small businesses and large corporate job producers with red tape and unnecessary regulations, the Golden State is still the most beautiful place to live and work in the United States.
The Obama administration’s large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.
I’m forever in debt to Nickelodeon. It made me who I am today.
I was a playwright who was still learning the ropes when Starz took a chance on me to create and showrun ‘Vida.’ They nurtured and supported me during every step of the strenuous process, and that is a debt that cannot be repaid.
People question me all the time about my experience. They question my experience in politics, and the first thing I always tell them is yes, I have no experience raising taxes over and over. I have no experience increasing the debt in a state.
When you’re the president of the United States and you know that the biggest issue facing you is this cliff that we’re about ready to head over if we don’t get this spending and debt situation under control, it’s very irresponsible not to take the action that is necessary to fix the problem.
Let 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.
There are only two honest ways to reduce our debt: cut spending or raise revenues.
At my lowest point, I was nearly $700,000 in debt.
What’s just about a generation of people who rack up government debt for their own health care and retirement – while leaving their children and grandchildren to foot the bill?
The U.K.’s debt belongs legally to Westminster, so Scotland, by definition, can’t default on it.
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself – a rental property, office building, condo – does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
This election presents a stark choice – we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation – free markets, fiscal responsibility and individual liberty.
No one should be incarcerated for debt or squeezed for money they have no chance of getting their hands on.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people – get them charging things.
In our society, if an individual commits a crime, he or she is sent to prison and they’re supposed to repay their debt to society by serving their time. But, more and more, our institutions are taking away educational programs; they’re taking away the Pell Grants so that people can take college courses.
Despite all the hoopla – despite all the umpa – after 5 years of UDP mismanagement, corruption, and incompetence, we have sunk deeper into debt of $2.4 billion: some $200 million deeper in debt.
We are a big country, with lots of advantages and history. We are proud to be French. We have to call on patriotism at this time… to ask for an effort in the battle against debt.
Every dollar that is printed should not represent a debt to private bankers. It should represent an investment potential in the common good, in the common needs of our country.
The truth is that the United States doesn’t need, and shouldn’t have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
The young patriots now returning from war in Iraq and Afghanistan and other deployments worldwide are joining the ranks of veterans to whom America owes an immense debt of gratitude.
A sagging economy, a soaring national debt, and an increasingly restive Congress pushed Obama to order troop reductions that are both deeper and faster than recommended by his military commanders.
If you have debt, you have to worry about it. I would challenge each of you to try to be debt-free.
Science does not know its debt to imagination.
There’s an argument that private debt, in some way, is creating indentured servants in our country. But public debt does not do that. In fact, public debt does the exact opposite – it relieves private debt.
Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily in the event of self-fulfilling debt crises.
The UFC does not owe me a thing. Nothing. I am in debt to them.
You’re trying to sleep off a debt that you’ve lumbered your brain and body with during the week, and wouldn’t it be lovely if sleep worked like that? Sadly, it doesn’t. Sleep is not like the bank, so you can’t accumulate a debt and then try and pay it off at a later point in time.
Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.
Serious people need to work hard to reduce the debt, reduce taxes, and slash regulation on the small businesses and families that are the lifeblood of new jobs and innovation in our state.
They have seized upon the government by bribery and corruption. They have made speculation and public robbery a science. They have loaded the nation, the state, the county, and the city with debt.
When gross public debt exceeds 90 percent of GDP, economic growth tends to decline considerably.
When 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.
At Cornell University, it was well known that after five years on Wall Street, you could expect to be making half a million a year in salary and bonus; after 10 years, you could expect a million or more. I had 60 grand of university debt, and my parents had no retirement. I needed that money.
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion’s share of it by simply adding it to the national debt.
Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency.
I think at the end of the day we have to raise the debt ceiling, because America pays its bills.
Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.
I can tell you this, if it wasn’t for my book royalties, I’d be in debt.
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.
The United States is at a critical juncture in time. Our government is riddled with historic debt, and the limited resources of philanthropic and non-profit efforts cannot meet the scale of social challenges we face with necessary force.
If the official community is interested in asking the private sector to take another look at Greece, then it will have to be only as part of a broader process of addressing the full range of sovereign debt issues in Europe.
Government spending is being restrained, the economy is making progress and moving forward, and the pro-growth, tax cutting policies put in place have allowed businesses to grow, which has brought in additional tax revenue to help pay off the debt.
Borrowing isn’t inherently bad; it depends a lot on what the debt is financing.
I promise not to take my thousands of dollars in student loan debt and move to Mexico. At least not right away.
Barack Obama and Hillary Clinton have left us with $19 trillion in debt.
Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.
Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.
I don’t want to drive the markets crazy. I don’t want to create trouble, but rather order and rules and norms. We have to struggle against financial excesses, those who speculate with sovereign debt, those who develop financial products which have done so much harm.
I will always vote what I have promised, and always vote the Constitution, as well as I will not vote for one single penny that isn’t paid for, because debt is the monster, debt is what’s going to eat us up and that is why our economy is on the brink.
Repealing the estate tax won’t create jobs, it won’t boost GDP, and it won’t add efficiency to the market. Instead, repealing the estate tax will simply add to the debt, hurt our ability to build a stronger economy and worsen economic inequality.
A national debt, if it is not excessive, will be to us a national blessing.
You go public because you want access to capital in the form of debt and equity.
Good debt accrues assets that generate positive returns and externalities.
Social Security is legally prohibited from contributing to the deficit. It cannot use debt to pay out benefits.
To date, every American citizen has nearly $27,000 in public debt riding on our backs.
Our nation owes a debt of gratitude to anyone who serves honourably. I think it’s despicable that a president would put veterans on his website and list them on an enemies list.
Would I advise early-stage companies against taking debt? One hundred percent yes.
It’s such a strong drive for women, knowing you were meant to be a mom. We would have gone into debt, done whatever, exhausted all the options, to get there. But a lot of women have to give up on that dream because they can’t afford it.
I have younger friends who are in this pinch where they feel they’ve been counted out before they’ve had a chance to prove themselves. They’ve inherited a lot of debt – not just student debt but environmental debt, political debt. They really feel squeezed.
Pain and sorrow and misery have a right to our assistance: compassion puts us in mind of the debt, and that we owe it to ourselves as well as to the distressed.
A man in debt is so far a slave.
I had over $3 million in medical debt as an 18-year-old.
If you have debt I’m willing to bet that general clutter is a problem for you too.
My affinity, as a novelist, with Dickens has been overstated. I relish the way everything in his prose pulsates with life force, and I’m in debt to him every time I invest inanimate objects with uncanny animism. But his female characters annoy me.
I owe a debt to my country 800 times greater than I could ever repay.
You wouldn’t want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to avoid default on either debt or social welfare promises. How they will increase those revenues, I can’t predict.
Money is a huge issue for manic depressives. Sometimes the problem is not nearly on the same scale as it has been for me, but nonetheless, it’s difficult to deal with. Many get themselves into debt that can take years to clear up, write bad cheques, shoplift and borrow huge amounts from family and friends.
Right now the problem in Thailand is we have high debt, but we don’t know how to earn the new source of revenue back to Thailand. This is my job.
I think Americans are – particularly, independent voters are looking at Washington, and they see too many taxes, too much spending, too much debt, too many Washington takeovers, and they want to provide a check and a balance to what they see as a runaway, overreaching Washington government.
As a Main Street businessman, I believe we need to reduce runaway federal spending and address our national debt and the MAP Act provides Congress with the tools to accomplish this goal.
Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.
Inequality saps the economy by draining the buying power of Americans whose incomes have stagnated, forcing them to rely on debt to fund education, housing, and health care.
The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
I think, my generation, it’s hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.
Thousands of Ohio families are going deeper and deeper in debt just trying to pay their heating bills, fill prescriptions, and buy groceries. The current minimum wage is simply not enough.
I’m the king of debt.
When President Obama was in the Senate, when he was a U.S. senator, he voted against raising the debt ceiling. And he said it was a lack of leadership that had brought us to this point.
All the central banks are doing is substituting one form of debt with another form of debt. They’re issuing short term debt and using it to buy long term debt. In finance, we tend to think that’s a neutral activity, even though those stimulus programs are huge.
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That’s one reason why you get so many credit card offers.
Well, 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.
I can’t tell you how much debt I took on to attend New York University because, at the time, I didn’t care to notice. And besides, what teenager has a clue about interest rates? What I can tell you is that by my mid-20s, I owed somewhere around $50,000.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
The federal government requires that its loans be paid back within 10 years of graduation, and Harvard has pegged its loans to the same 10-year timetable. Yet despite Harvard’s low default rate, the idea of years of loan debt is daunting for some students even before it’s time to pay back.
Stress means something different if it is the result of rewarding work rather than struggling to keep the family out of debt.
‘Twas drink made me fall in love, And love made me run into debt, And though I have struggled and struggled and strove, I cannot get out of them yet.
Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance.
In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared.
You’ve got to either say you’re going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can’t out of one side of your mouth say, ‘Yes, we’re for tax cuts, we’re for spending discipline, and we’re for bringing down the debt.’
Look, half the men who signed the Declaration of Independence were either in debt or bankrupt. The remaining half, most of them lost all their possessions. The only reason Monticello didn’t get burned to the ground was that the British patrol missed the road.
Without a trace of irony I can say I have been blessed with brilliant enemies. I owe them a great debt, because they redoubled my energies and drove me in new directions.
We owe each other a debt and we owe each other an obligation, and because of these fundamental American imperatives, there are things that we own in common with each other, and that we are obliged to protect for our posterity. The water. The trees. The wild places in the land. We lose sight of these truths sometimes.
This country owes them all a debt of gratitude. The down payment on that debt is making sure that we live up to Lincoln’s charge: to care for him who shall have borne the battle, and for his widow, and his orphan.
There are no shortcuts when it comes to getting out of debt.
Marriage, like death, is a debt we owe to nature.
Raising the debt limit on some levels is a ministerial act. It doesn’t involve any new spending.
I see nothing that points to a recession in Germany. But I see considerable long-term tasks ahead of us that have to do with markets regaining confidence in Europe and that have a lot to do with reducing debt.
Tough decisions have to be made to close our fiscal gap, stabilise our debt, and restore our state-owned enterprises to health.
I have been in love, and in debt, and in drink, this many and many a year.
New Labour has created a society increasingly oppressed by the worry of personal debt.
God hath made it a debt which one saint owes to another to carry their names to a throne of grace.
While we can never truly repay the debt we owe our heroes, the least we should do for our brave veterans is to ensure that the government takes a proactive approach to delivering the services and benefits they have earned, so they can access the care they need and so richly deserve.
Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn’t for the Tea Party, they would have passed the debt ceiling thumbs up; we would have been rated BBB.
Small business owners are experiencing great uncertainty because of the possibility of tax increases, the inconsistent flow of credit, an outrageous national debt, high energy costs, and overreaching federal regulations.
All we’re getting from the Democratic majority in Congress and from this White House is more bailouts, more spending, more planned stimulus, more deficits and debt, and the American people have had it.
G.E. doesn’t pay any taxes, and we are asking college kids to take on even more debt to get an education and asking seniors to get by on less. These aren’t just economic questions. These are moral questions.
We can pay the ecological debt by changing economic models, and by giving up luxury consumption, setting aside selfishness and individualism, and thinking about the people and the planet Earth.
The White House – we continue to believe that Democrats and Republicans should do what they have done 80 times, which is to raise the debt limit, and that is what we are working toward.
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.
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.
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one’s life.
There’s no debt limit in the Constitution.
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
The commercial space industry owes a huge debt to Patti Grace Smith. There might not be a commercial spaceflight industry were it not for Patti’s leadership.
Jerry Robinson illustrated some of the defining images of pop culture’s greatest icons. As an artist myself, it’s impossible not to feel humbled by his body of work. Everyone who loves comics owes Jerry a debt of gratitude for the rich legacy that he leaves behind.
Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world’s poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won’t be repaid.
I don’t see why anybody’s playing chicken with the debt ceiling.
Allowing a private rather than a public entity to take over your toll road merely means that your tolls will have to be that much higher to cover their more expensive debt.
We owe an historic debt to American Indians. They have a unique set of concerns that haven’t been addressed, and I’d like to stand with them. Also, I’d like to get their views on immigration.
I wanted to avoid all that literary stuff. I didn’t want the self pity of ‘The Portrait,’ all the moaning and the whingeing. I’m not knocking Joyce: we all owe him a debt. He’s the one who made so much possible.
As the American people have discovered, soaring rhetoric is no substitute for effective leadership on the key issues facing our nation: jobs, runaway spending, and an exploding government debt.
If you have debt I’m willing to bet that general clutter is a problem for you too.
Millennials are concerned with national debt and the deficits.
When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.
I’ve stood in rooms in urban, rural, and suburban parts of my state and asked a room of middle class voters to raise their hands if the college debt of someone in their family is affecting their financial situation. Without exception, at least three quarters of the room will raise their hand.
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.
I certainly would not deny that the Tea Party, the issues that they have looked at are certainly important to me as well… debt and deficit and recognition of the Constitution.
We’ve got to start worrying about America. And if we don’t start dealing with the debt we have and the deficit spending we have in Washington, politics doesn’t matter, because the American people do realize that they have to balance their budgets.
If we didn’t propose these reforms, we would not have proposed a budget that got the debt under control.
When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren’t going to keep on giving us cheap rates.
As our nation’s student debt crisis has reached a breaking point, we’ve been hearing lots of talk about student loan forgiveness. It’s taken me 20 years to forgive myself for my loan – and just as long to pay it off.
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
Our health-care morass is like the problems of global warming and the national debt – the kind of vast policy failure that is far easier to get into than to get out of. Americans say that they want leaders who will take on these problems.
I’m suggesting that, until America takes care of its debt, untangles the housing mess and gets unemployment under control, we all commit to working six days a week. Yep, move the standard 35-40 hour work week right up to 48 hours.
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower’s credit score?
The Millennial Generation is being crushed by soaring college costs and student loan debt, and as lawmakers, we must find solutions to address affordability and flexibility in higher education.
In a world awash in debt, power shifts to creditors.
It’s heartbreaking to see so many people trapped in a web of enforced idleness, deep debt, and gnawing self-doubt.
Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt.
Greece’s debt is going to be a function of a lot of factors down the road.
I’ve always acknowledged my debt to Hammer. I’ve always said I’m very grateful to them. They gave me this great opportunity, made me a well known face all over the world for which I am profoundly grateful.
This time, instead of moving oceans and healing planets, let’s get our bills in order and pay down the debt so we control our own future.
The ECB puts out money that is meant to help our banks, but they do not use it to finance our businesses, but they give it to them to buy back their debt, to help French and German banks.
I believed the only thing that could turn around this government spending and mounting debt would be if the people rose up.
The majority of them give the impression of being men who have been drafted into the job during a period of martial law and are only waiting for the end of the emergency to get back to a really congenial occupation such as slum demolition or debt collecting.
Botswana is actually very peaceful. It’s democratic. It never was in debt. They’ve been fortunate, they’ve had diamonds.
When I moved to L.A., I was penniless, absolutely beyond broke and in debt up to my eyeballs.
As with oil, water exploitation raises an inter-generational debt that will be hard to repay.
I owe baseball all that I have and much of what I hope to have. Baseball made my entrance to the film industry immeasurably easier than I could have made it alone. To the greatest game in the world I shall be eternally in debt.
My mother was being hounded by a debt collector over a debt that she didn’t owe, and she eventually just paid it because she wanted the calls to stop. I was very surprised. It sounded so strange. I started poking around on the Internet and found this was extremely common.
Crippling student loan debt doesn’t just affect those who took out loans to get an education. It harms all of us because we can’t have a healthy economy without a strong middle class to stimulate it.
That issue of student debt and college affordability is probably what I would say reinforced that I was a Democrat.
You need some quick wins in order to stay pumped enough to get out of debt completely.
The New Testament Scriptures are full of references to the malice of the devil, but we generally overlook them. I think this is because our idea of salvation is that Christ died on the cross to pay His Father the debt for our sins.
I came from a working-class family, but I was supported by a grant system and had my fees paid, so I came out of Oxford with a debt of something like £200.
The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following Anglo taking control of the Quinn Group of companies, which I and a loyal team spent a lifetime building.
It has to be understood, it has to be measured, and the investment needs to make sense, but debt on its face is not a bad thing.
The Netherlands has been severely hit by the debt crisis, and the solution is to lower taxes, get government finances in order, and make room for investment.
You know, we’ve got to be responsible about our debt. We don’t want the United States to ever be a dead beat, and not be able to pay its bills, either to our soldiers who are fighting or to Social Security recipients.
It’s time to start thinking differently about money and debt and start the healing process – and the process toward wealth and freedom. ‘Freedom from Bad Debt’ can get you started.
Markets themselves are looking for stability, and I think we have underestimated the capacity of Europe… to actually create a more stable framework for the whole issue of debt management, bonds, and so on.
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.
As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret.
For too many of our young people, that once-promised American dream has given way to an American debt burden and a bleak job market.
The early part of my career I really struggled, getting turned down again and again. I was in debt, and it was horrible. And then my family hit such highs in their careers, I asked myself what I was thinking going into the same profession.
A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn’t do it.
When I think of the future, I think of my 15 year old son Connor and my 12 year old daughter Meghan. I worry about their future because your kids are as important to you as mine are to me. And I am unwilling to leave our children with so much debt.
But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.
At a lot of college graduations, you’ll hear people say, ‘Follow your passions,’ and that is important, but no one talks about the stress of not having enough money, the issues of debt, and the issues of work stress.
The Fed’s buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn’t matter whether unemployment goes up or down. It doesn’t matter whether inflation is higher or lower. Its influence on the market is dominant.
My grandfather came to Canada from Romania just before the Second World War, already in debt after buying his boat ticket on borrowed dime.
We need to get rid of the debt ceiling law. It’s anachronistic and it’s a problem.
People end up on the street for many different reasons – leaving care or hospital, problems with debt, unemployment, mental health, family breakup – and so the help they need is varied, too.
There are a lot of anachronisms in Washington, but the need to periodically raise the debt limit by Congressional vote is certainly one of them.
We can never fully repay the debt of our proud nation to those who have laid down their lives for our country. The best we can do is honor their memory, ensure that their sacrifice is not in vain, and help provide for their families.
It’s the old Washington fiscal game of Jenga. You try to build as much debt as you can take, as much tax as you can take, until you topple the entire economy.
You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would’ve pointed to the debt clock and said, we built that.
Not a single disabled veteran in America should be forced to live under the weight of student debt, and they shouldn’t have to file paperwork or cut through red tape to get the relief they earned through their sacrifices for this country.
I don’t want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn’t the same thing. Let’s call them ‘project bonds’ instead of euro bonds.
Produce what you consume; draw from the native element the necessaries of life. Permit no vitiated taste to lead you into the indulgence of expensive luxuries, which can only be obtained by involving yourselves in debt.
After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn’t honor their promises to the people.
We don’t need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.