Quotes About Debt

Financial problems cause distress and loss of self-respect.

When I moved to L.A., I was penniless, absolutely beyond broke and in debt up to my eyeballs.

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.

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.

Payday loans are but one of many financial techniques - from overdraft fees to student loans subsidizing for-profit colleges - specifically designed to pull money from the pockets of the poor. This problem generally goes unrecognized by policy makers.

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.

When I was a teenager, my father went bust. He could have declared himself bankrupt, but he was an honourable man and he insisted on paying back all his debts. That almost ruined the family. I was aware that my mother and father couldn't control things anymore. I guess I was afraid that we would end up on the street.

Immigrants use debt intelligently. They understand the difference between active debt: creating a business, or something to make business better, and dead debt: buying that new sports car or the 60 inch television. Those things don't lead to the good life. They delay getting it.

We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

If I owe Smith ten dollars and God forgives me, that doesn't pay Smith.

One dollar at compound interest, at twenty-four per cent., for one hundred years, would produce a sum equal to our national debt. Interest eats night and day, and the more it eats the hungrier it grows. The farmer in debt, lying awake at night, can, if he listens, hear it gnaw. If he owes nothing, he can hear his corn grow. Get out of debt as soon as you possibly can. You have supported idle avarice and lazy economy long enough.

We were taught that the more irate the debtor—the more he or she screamed, swore, and insulted us—the more long pauses we should take before answering questions and the more slowly and calmly we should talk.

The new element in part III is the headwinds—inequality, education, demography, and debt repayment—that are buffeting the U.S. economy and pushing down the growth rate of the real disposable income of the bottom 99 percent of the income distribution to little above zero.

If you take on risk and debt, make sure you get paid for it.

If you take on debt personally, make sure it's small. If you take on large debt, make sure someone else is paying for it.

It is not the love of money that is evil—it is the lack of money that causes evil. It is working at a job we hate that is evil. Working hard yet not earning enough to provide for our families is evil. For some, being deeply in debt is evil. Fighting with people you love over money is evil. Being greedy is evil. Committing criminal or immoral acts to get money is evil. Money by itself is not evil. Money is just money.

A promise made is a debt unpaid

Now a promise made is a debt unpaid, and the trail has its own stern code.

The real culprit in 1994 was leverage. If you aren't in debt, you can't go broke and can't be made to sell, in which case "liquidity" is irrelevant. But a leveraged firm may be forced to sell, lest fast-accumulating losses put it out of business. Leverage always gives rise to this same brutal dynamic, and its dangers cannot be stressed

If you aren't in debt, you can't go broke and can't be made to sell, in which case "liquidity" is irrelevant. But a leveraged firm may be forced to sell, lest fast-accumulating losses put it out of business. Leverage always gives rise to this same brutal dynamic, and its dangers cannot be stressed too often.

If you aren't in debt, you can't go broke and can't be made to sell, in which case "liquidity" is irrelevant.

independence came at a high price: a debt with a payment schedule of hurt and regret.

he warned that progressive accumulation of debt "is perhaps the NATURAL DISEASE of all Governments. And it is not easy to conceive anything more likely than this to lead to great and convulsive revolutions of Empire.

Of the two policies that Hamilton wished to promote—the federal assumption of state debt and the selection of New York as the capital—assumption was incomparably more important to him. It was the most effective and irrevocable way to yoke the states together into a permanent union.