Quotes About Debt

In our society, if an individual commits a crime, he or she is sent to prison and they're supposed to repay their debt to society by serving their time. But, more and more, our institutions are taking away educational programs; they're taking away the Pell Grants so that people can take college courses.

Anything past 90 days constitutes 'severe,' but all late payments stay on your report for seven years if reported.

I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.

Remember, Republican economic policies quadrupled the debt before I took office and doubled it after I left. We simply can't afford to double-down on trickle-down.

The federal debt in this country is principally of Republican design.

I can tell you if you look at the polls, Democrats, Republicans, Independents, they do not think we should increase the debt limit.

The Republicans in the House and the Bush administration are bankrupting this country.

Well, the problem of the federal government is that they print money and go in debt. That's their national policy, Democrats and Republicans it doesn't matter. And this is where I differ.

I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt.

I have no illusions about my art. I am what the public made me and, consequently, I am not likely to forget my debt to them.

What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.

I think some people don't truly understand the situation, and they think, you know, the debt limit, it doesn't really mean anything, and they don't understand the implications on the U.S. economy and on the global markets.

Every American deserves a shot at the American dream without having to make the impossible choice of earning a degree or being saddled with a lifetime of debt.

Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.

I'm still a fiscal conservative, and I'm inclined to pay down debt.

I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.

Debt ceiling is something that, you know, any time the president asks for the authority to increase the debt ceiling, the debt burden on our children and grandchildren, I think that requires a pretty serious discussion, robust debate.

Look, I don't dispute that the deficit has increased.

As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.

Broken Britain isn't just about our indebted economy, it's also about our broken society and broken politics too.

Ferguson learned the identity of his target and remarked, "I could have lodged half a dozen balls in or about him before he was out of my reach. But it was not pleasant to fire at the back of an unoffending individual who was acquitting himself coolly of his duty, and so I left him alone." To his decent forbearance, America owes an incalculable debt.

Markets are complex systems. Energy production and distribution are complex systems. Manufacturing and transportation are complex systems. Debt is a complex system. So are viruses. And climate change. And globalization. On and on the list goes. If your project is ambitious and depends on other people and many parts, it is all but certain that your project is embedded in complex systems.

Indebtedness is the poor man's curse. Just so, it's a county's curse . . . or a state's . . . or a nation's.

Sometimes I think I was the official killer of bad bills. One I recollect at this minute was about exemptin' debtors from their just debts. The more I listened to 'em argue about lettin' people get out from under their legitimate obligations, the madder I got. If the day ever comes when you can legislate people out of their honest debts . . . well, I never want to live to see it. The country will be in a bad way, that's all I got to say for it.