Quotes About Debt

we are, everyone of us, in arrears to death.

The rich kept stuffing their pockets and the poor fell deeper in debt.

Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law.

Love is a spendthrift, leaves it arithmetic at home, is always in the red.

In many instances, marriage vows would be more accurate if the phrase were changed to 'Until debt do us part'.

Love is a debt, she thought. When the bill comes, you pay in grief.

Debt requires you to transfer your future wealth to your creditors.

I intend to achieve financial freedom and win over debt for a lifetime by consistently giving, saving, and never spending more money than I earn. I will know I've reached my goal when I have no unsecured debt; I have a $10,000 Contingency Fund; my Freedom Account is funded one year in advance; and I am consistently giving away 10 percent, saving 10 percent, and living on 80 percent of my income.

There are two monetary circuits in contemporary economies, a public money circuit and a commercial money circuit. Both create and circulate the public currency. The difference between them is that one is based on debt, the other is not.

Pain is a debt paid off with time.

You can't buy goodwill with money that ain't yours. It's not a favor to pay what's owed.

Chase's was a junkie's banking strategy, shooting speed in the morning and spending all day foraging for the cash to dope down at night, an endless quest to chase the debt dragon.

The DebtOne deal was simply a typical transaction in a consumer credit industry that depends upon robo-signing, mass fraud, and intentionally thin paperwork as essential elements of its profit model.

Given that most actual voters were sunk in debt, working multiple jobs, uninsured, saddled with ruined credit scores, and often battling alcohol and opiate addiction and other problems, it was a horrific aristocratic insult to tell people each election cycle that what really mattered to them was what candidate looked most convincing carrying a rifle on a duck hunt.

The amount of new lending was mind-boggling: between 2003 and 2005, outstanding mortgage debt in America grew by $3.7 trillion, which was roughly equal to the entire value of all American real estate in the year 1990 ($3.8 trillion). In other words, Americans in just two years had borrowed the equivalent of two hundred years' worth of savings.

In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he's unable to prevent himself from being continually dominated.

2018 the debt was more than $21 trillion—and climbing, largely because of the spending increases and tax cuts passed by Republicans like Ryan. In 2017 Republicans in Congress approved, on a party-line vote, a tax bill that is projected to add $1.9 trillion to the debt. This was a far cry from the 1986 tax reform act, passed under Ronald Reagan, which was revenue neutral.

Countries that have strong pre-crisis macroeconomic metrics, rich natural resources and export-based industries have stronger recovery prospects. Strong budgets allow the government to stimulate the economy with less debt burden. Exports play a significant role in supporting a stable interest rate and ex-change rates thus renewing investors confidence and recovery.

One main reason the US has been able to prevent its currency and economy from collapsing, despite the latest wars, huge debt and massive currency printing, is because the dollar is the de-facto standard for international trade and reserve currency.

The main difference in the speed of recovery between Argentina in post-2001 and Thailand in post-1997 crises is the exports. Fiscal discipline is necessary but not sufficient without export-driven economic growth. Too much debt can result in prolonged stagnation similar to the Japanese lost-decade of 1990s. With inflation risk on the rise, we could see more socioeconomic troubles and political unrest in economies with thin middle class. 2011-2012 will be challenging for many policy makers.

The US government alone cannot get its economy out of the crisis. It appears to me that the current policy makers are suffering from the gambler's syndrome. They keep spending more money hoping that they will eventually win. More debt spending is a receipt for bankruptcy. Real economic growth comes from government and private sector investments, not from massive debt spending followed by tax increases or currency devaluation.

Mary Shelley, who at only nineteen years of age conceived her immortal Gothic novel, Frankenstein. Needless to say, Gene Wilder and I will always be in her debt.

You load sixteen tons, what do you get?Another day older and deeper in debt.Saint Peter, don't you call me 'cause I can't goI owe my soul to the company store.

Just as human productivity is masked in the figure of the indebted, in the figure of the mediatized resides mystified and depotentialized human intelligence.