Quotes About Debt

There is nothing that puts a man more in your debt than that he owes you nothing.

The growth in education debt outstanding is like cooking a lobster, The increase in total student debt occurs slowly but steadily, so by the time you notice that the water is boiling, you're already cooked." http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/

The national debt—that is, the unfunded liabilities and fiscal operating debt—amounts to tens of trillions of dollars. The Government Accountability Office, the Congressional Budget Office, and numerous other public and private institutions have sounded warning alarms about the oncoming crash. But no serious or effective steps have been taken to address this simmering financial and economic implosion.

In his farewell address to the nation after serving two terms as president, George Washington urged his fellow citizens to "avoid . . . the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear.

We've become an immoral people demanding that Congress forcibly use one American to serve the purposes of another. Deficits and runaway national debt are merely symptoms of that real problem.

The devastating consequences of wealth redistribution, intergenerational thievery, massive federal spending, endless borrowing, and unimaginable debt accumulation on American society, and most particularly on the ruling generation and future generations, are a travesty. Stealing from the future does not establish the utopia promised by the statists. It is the rising generation's grave moral failure.

the decline of society] begins, indeed, the bellum omnium in omnia [the war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

The only way that the Treasury can redeem its debt to the Social Security Administration is to borrow the money from the public, run a surplus in its other activities or have the Federal Reserve print the money—the same alternatives that would be open to it to pay Social Security benefits if there were no trust fund.

Recently, another warning was issued by the Congressional Budget Office (CBO) in its 2014 annual budget outlook, in which it announced that Social Security (and other entitlement programs) is "unsustainable" and will drive federally held debt to historic levels, thereby threatening the overall economy.24

The large amount of debt could also compromise national security by constraining defense spending in times of international crisis or by limiting the country's ability to prepare for such a crisis."14

In his farewell address to the nation after serving two terms as president, George Washington urged his fellow citizens to "avoid . . . the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear."76

The nation's fiscal operating debt was already $10.6 trillion on the day President Barack Obama took office in January 2009. By the end of January 2012, however, the fiscal operating debt had increased 44.5 percent to $15.4 trillion. As of April 12, 2015, the fiscal operating debt was $18.152 trillion—a 71 percent increase in less than six and one half years.

In a sense we are born in hock: with the national debt hovering around $ 18 trillion, each new baby delivered in America takes her first breath owing approximately $ 57,000.

The Olympics have just started and the Greeks are already 14 medals in debt.

Our kids are going to be so angry with us one day. We've charged their future on our Visa cards.

If you're going to live in the house make it your goal to just pay off your mortgage.

If you think nobody cares if you're alive, try missing a couple of car payments.

When your bank account is so overdrawn that it is positively photographic, steps must be taken.

The only reason I made a commercial for American Express was to pay for my American Express bill.

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

Love is not a habit, a commitment, or a debt. It isn't what romantic songs tell us it is, love simply is.

I'm not broke. Like everybody else, I owe money.

Money is just the poor man's credit card.

Money is a poor man's credit card.