Quotes About Debt

To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.

It is only just that anything that grows up on its own should feel it has nothing to repay for an upbringing which it owes no one.

Worrying is like paying a debt you don't owe.

We spend money that we do not have, on things we do not need, to impress people who do not care.

Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.

Our company was mortgaged to the hilt, and that did restrain us, and it's why we had to take in partners.

The spirit in which a thing is given determines that in which the debt is acknowledged; it's the intention, not the face-value of the gift, that's weighed.

Worry is the interest you pay on a debt you may not owe.

After briefly acknowledging the tragedy of his predecessor's passing, he called for an increase in the size of the Navy, avoidance of public debt during peacetime, stabilization of the currency, and greater scrutiny over abuse of public offices.

When Filipinos want to express deep appreciation, they say they have an utang na loob—a debt of gratitude.

The Joneses, nine times out of ten, are financially stupid. That's why they have all that stuff, on borrowed money. Why try to copy them? Worse, why try to impress them?

Not at Lehman Brothers, which collapsed in 2008, and not on Wall Street; Greece was where the fire broke out. One heard the word contamination again and again, but this time it was no imperial cultural contamination, no creeping process of civilization. This time the crisis was a contagion: debts and obligations that would never be repaid, a gradual deterioration of the financial immune system.

Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.

An entrepreneur in debt is an entrepreneur in business.

A sense of having been decoyed by some world-old conspiracy into this bondage of body and soul filled her with despair. If marriage was the slow life-long acquittal of a debt contracted in ignorance, then marriage was a crime against human nature.

We had no longing for excessive wealth: a mere competency, though earned by daily toil, so that it was reasonably sure, and free from the drag of continued indebtedness to others, was all we coveted.

Tis not altogether improbable, that when the nation become heartily sick of their debts, and are cruelly oppressed by them, some daring projector may arise with visionary schemes for their discharge. And as public credit will begin, by that time, to be a little frail, the least touch will destroy it, as happened in France; and in this manner it will die of the doctor. David Hume, 'Of Public Credit', 1752

Deep gaming was one of the vices of the court: the emperor, who, by chance or contrivance, had gained from Maximus a considerable sum, uncourteously exacted his ring as a security for the debt; and sent it by a trusty messenger to his wife, with an order, in her husband's name, that she should immediately attend the empress Eudoxia.

Always remember this, Henri. Men trade for profit. They are driven by greed. But debt is about fear, and fear is stronger than greed. The true power, the weapon that defeats all others, is debt. Fools search for gold. The wise man studies debt. That is the key to all business.

And in 1694, the last year of his life, he was allowed to see one thing more. In that year, after much discussion, the city of London gained a new institution. Financed by a number of prominent London merchants, it was a joint stock bank. Its function was to finance long-term government debt by issuing bonds on which interest was payable. They called it the Bank of London.

I owe Oprah and that show a tremendous debt.

We owe infinitely more to Christ than any brother can owe to us:

Armaments, universal debt, and planned obsolescence—those are the three pillars of Western prosperity.

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