Quotes About Debt

So about twenty years ago I gave up on painting - and got into terrible debt after buying a load of camera gear!

When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.

We've had years and years and years of compromises, and that's led to $14 trillion in debt.

Now, people when I say that look at me and say, 'What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?'. The answer is yes, that's what I'm telling you.

Yes, we can pay the interest on the debt. We can renew the $500 billion worth of bonds that are coming due. We can mail out our Social Security checks. We can make sure those Medicare claims are honored. We can pay our military. We can protect our veterans. But when you get beyond that, the soup gets a little thin.

Is France a northern European export powerhouse, or a Mediterranean indebted and dependent economy? Yes to both.

Would I advise early-stage companies against taking debt? One hundred percent yes.

Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.

People question me all the time about my experience. They question my experience in politics, and the first thing I always tell them is yes, I have no experience raising taxes over and over. I have no experience increasing the debt in a state.

I can't tell you how much debt I took on to attend New York University because, at the time, I didn't care to notice. And besides, what teenager has a clue about interest rates? What I can tell you is that by my mid-20s, I owed somewhere around $50,000.

As a young single mum struggling to get by, I didn't get to go to university, but that level of debt would have been unimaginable.

There's a reason that there are oodles of young Aussies, Germans, Japanese, even Chinese backpackers traipsing around the world. They are unencumbered by debilitating student loans. No such luck for the American Theater Arts major with $120,000 in loans.

In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody.'

Ultimately, multiple livelihood opportunities alone can insulate farmers in rainfed areas from the debt trap.

Too often, borrowers who need quick cash end up trapped in loans they can't afford.

The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.

What is it but a cunningly devised scheme to take from one State and to give to another - to replenish the treasury of some of the States from the pockets of the people of the others; in reality, to make them support the governments and pay the debts of other States as well as their own?

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

I am contracting continually a debt of gratitude which time will never see canceled. There is a treasury from which it will be repaid, but I do not dispense its stores.

Navient/Sallie Mae treated student loan borrowers unfairly from start to finish.

The German police were actually after me when I was first in Stoke. They had put pictures of my face on the trees in Bremen and said: 'Find this guy.' They said I had an €80 fine to pay or something. But I spoke to my lawyer and I didn't owe anything.

It's nice to have dreams, but when you use borrowed money to achieve them and act as if money grows on trees, you may have a brutal awakening.

I am the product of the American education system. It is a system that has always been on the lookout for bright boys and girls. It spotted me when I was 14, and I owe a tremendous debt to my alma mater.

In fighting the debt crisis, E.U. countries have enhanced co-operation and carried out reform with tremendous courage. This is laudable.