Quotes About Debt

To bail out these borrowers, Rockefeller had to borrow almost $4 million, and nearly $3 million of that came from Standard of New York.

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. So when he saw that Madison possessed the votes to block assumption, Hamilton considered bargaining away New York as the capital in exchange for southern support for assumption.

Pierpont always acknowledged his debt to his father—he never pretended to be self-made

Many countries that Grant visited levied onerous taxes on their subjects to service massive debt and maintain standing armies, giving him a fresh appreciation of republican government in America. "The fact is we are the most progressive, freest and richest people on earth, but don't know it or appreciate it. Foreigners see this much plainer than we do.

The next incendiary issue was that some debt was owed by the thirteen states, some by the federal government. Hamilton decided to consolidate all the debt into a single form: federal debt.

A sinking fund is a repository, set up apart from the general budget, for revenues to pay off debt.) It would sequester revenues from the sudden whims of grasping politicians who might want to raid the Treasury for short-term gain. The sinking fund would retire about 5 percent of the debt each year until it was paid off.

Never forget a Favor, Never forgive a Slight!

loan sharking as the icing on the cake. He had

These are promises as solemn as government debt.

Evie yanked him to safety by the edge of his shirt, ripping it. "Thanks. You owe me a shirt," Sam said. "You owe me twenty dollars.

Armaments, universal debt, and planned obsolescence—those are the three pillars of Western prosperity. If war, waste, and moneylenders were abolished, you'd collapse. And while you people are overconsuming the rest of the world sinks more and more deeply into chronic disaster.

Armamentos, deuda universal y obsolescencia planificada: ésos son los tres pilares de la prosperidad de Occidente.

Armaments, universal debt and planned obsolescence - those are the three pillars of Western prosperity. If war, waste and money-lenders were abolished, you'd collapse.

The manacles we forge for ourselves might be comfortable ones, may not chafe too much, and yet they are manacles nonetheless – bonds of family, of profession, of debt, of personal obligation. Or they may be woven of the simple and only too familiar lassitude that prevents us from doing anything to disturb the established patterns of our life.

Perhaps what I am about to say will appear strange to you gentlemen, socialists, progressives, humanitarians as you are, but I never worry about my neighbor, I never try to protect society which does not protect me -- indeed, I might add, which generally takes no heed of me except to do me harm -- and, since I hold them low in my esteem and remain neutral towards them, I believe that society and my neighbor are in my debt.

We are never quits with those who oblige us, was Dantes' reply; for when we do not owe them money, we owe them gratitude.

We are never quits towards those who have done us a favour,' said Dantès. 'Even when one ceases to owe them money, one owes them gratitude.

Although federal revenues nearly doubled during the Reagan years, federal spending far exceeded that pace and drove the national debt from $909 billion to $2.6 trillion between 1980 and 1988, by far the highest it had ever been.

an economic operating system designed by thirteenth-century Moorish accountants looking for a way to preserve the aristocracy of Europe has worked as promised. It turned the marketplace into one giant debtors' prison. It is not only unfit for the needs of a twenty-first-century digital society; central currency is the core mechanism of the growth trap.

The bank transforms itself from an agent of debt to a catalyst for distribution and circulation. Like money in a digital age, it becomes less a thing of value in itself than a way of fostering the value creation and exchange of others. Less a noun than a verb.

Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.

Promises make debt, and debt makes promises.

Whoever has lived long enough to find out what life is, knows how deep a debt of gratitude we owe to Adam, the first great benefactor of our race. He brought death into the world.

People should watch out for three things: avoid a major addiction, don't get so deeply into debt that it controls your life, and don't start a family before you're ready to settle down.