Quotes About Debt

Economic growth tends to require the taking of resources from the Earth. So something has to change on a debt-based economy.

It is morally wrong for this country to require our citizens to take on tens of thousands of dollars of debt to achieve the American Dream.

In software engineering, we have the term 'technical debt.' When you don't do a job correctly, unaddressed problems become harder and harder to solve.

Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.

We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy.

We've become a debtor nation. I don't mean just on fixed-loan terms, but we own increasingly less abroad than is owned from abroad here.

I was so terrified that the business would not do well and that there would be no way that I would be in a position to pay my dad back this $80,000. At Stars, as a line cook, I think that I was making $10 or $12 an hour. So $80,000 - to have to pay that back was incomprehensible.

Not that pleading can be taken as a test, for the forms of action, notably Debt, ignore the fundamental difference between duties imposed by law and duties created by the will of the parties.

The New Testament Scriptures are full of references to the malice of the devil, but we generally overlook them. I think this is because our idea of salvation is that Christ died on the cross to pay His Father the debt for our sins.

The cancellation of inter-Ally war debts was designed to de-couple American finance from Europe. Keynes supported American loans to get European industry restarted, pay for essential food imports, and stabilize currencies. But he was adamantly opposed to Europeans borrowing from the United States to service deadweight debt. His book became an international best-seller, had a profound effect on post-war thinking, and made Keynes world-famous.

By the end of 2007, UK household debt had reached 177% of disposable income, mortgage debt 132%. Martin Wolf wrote in the Financial Times in September 2008

The grateful person, being still the most severe exacter of himself, not only confesses, but proclaims, his debts.

Y él debía seiscientos pesos con siete centavos!

Demain vous doit la somme de vos jours passés.

I'm really sorry I can't pay you back," I said. He shook his head. "My father's going to take everything you own and then break your life. It's the least I can bloody do.

Mark, no se paga a los padres. No se puede. La deuda que les debes la asumen tus hijos, que la pasan a su vez. Es una especie de cadena. Y si no tienes hijos, queda como deuda a la humanidad. O a tu Dios, si posees o eres poseído por uno

No man can save his brother's soul, or pay his brother's debt.

A national debt, if it is not excessive, will be to us a national blessing. It will be powerful cement of our union.

The basic weakness with America's railroad system was overbuilding, which forced the roads into endless rounds of rate cuts and wage cuts to service debt. At the same time, the massive power of their largest consumers—notably Rockefeller in oil and Carnegie in steel—forced them to grant preferential rebates to big shippers, enraging small western farmers and businessmen and stimulating calls for government regulation.

Perhaps the main reason that Washington and Hamilton functioned so well together was that both men longed to see the thirteen states welded into a single, respected American nation. At the close of the war, Washington had circulated a letter to the thirteen governors, outlining four things America would need to attain greatness: consolidation of the states under a strong federal government, timely payment of its debts, creation of an army and a navy, and harmony among its people.

were attempts by indebted farmers to lighten their debt load.

One possible reason for this contrition was that Frank was chronically in debt to his brother.

proper handling of government debt would permit America to borrow at affordable interest rates and would also act as a tonic to the economy. Used as loan collateral, government bonds could function as money—and it was the scarcity of money, Hamilton observed, that had crippled the economy and resulted in severe deflation in the value of land. America was a young country rich in opportunity. It lacked only liquid capital, and government debt could supply that gaping deficiency.

Despite the chronic friction between them, Big Bill continued to borrow money from his son and by the end of the century still had a $64,000 loan outstanding—more than $1 million in today's money.