Quotes About Debt

Modern money is almost altogether credit money.

A man in debt is so far a slave.

People willy-nilly borrow for consumption. Civil servants willy-nilly borrow for consumption and then wonder why they don't have enough money at the end of the month.

Will I be sensible and pay off the mortgage? Not a chance.

If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.

Pay off your mortgage before retirement, and that's one less bill you'll have to worry about when you're on a fixed income.

You can get in and out of credit cards in a hurry. Not so easy to get in and out of mortgages.

If you've got a mortgage, and you've got bills to pay, you might tend to do some stupid things.

No matter how you spin it, forgiveness is costly. Regardless of how big or small the offense, canceling a debt and absorbing the cost is going to hurt. But the parable shows us that not forgiving also has a price, and it is higher than the price forgiveness demands.

Baby boomers, who will benefit far more from the Social Security program than their grandchildren, should receive an increase in benefits only if the overall economy grows and the nation's debt profile improves.

There was nothing like an appeal to honor. It was a virtue that all craved, even those who lacked it. Fundamentally, honor was itself a debt, a code of behavior, a promise, something inside yourself that you owed to the others who saw it in you.

There was nothing like an appeal to honor. It was a virtue that all craved, even those who lacked it. Fundamentally, honor was itself a debt, a code of behavior, a promise, something inside yourself that you owed to the others who saw it in you. Everyone in this room wanted all the others to look and see a person worthy of respect and trust, and honor.

In the West, we have become addicted to work. Americans now work the longest hours in the world. And the result is not health, wealth and wisdom, but rather a lot of anxiety, a lot of ill health and a lot of debt.

Pieter would be pleased with the rest of the coins, the debt now settled. I would not have cost him anything. A maid came free.

Uncompensated emancipation suggests not that the Founders' Constitution is being changed but that it is being repudiated—claims based on slavery are as invalid as claims based on rebel debt. Uncompensated emancipation is of course also a feature of the Emancipation Proclamation—and the Takings Clause issue is one of several reasons to think that the Emancipation Proclamation is unconstitutional under the Founders' Constitution.

As far as they were concerned, if the U.S. government did not extinguish its debt, there would always be public creditors. Those creditors, who would come from among the wealthiest Americans, would support the U.S. government. The Union would thus be cemented. Madison cooperated closely with Hamilton and

Without this playing with fantasy no creative work has ever yet come to birth. The debt we owe to the play of the imagination is incalculable.

Without this playing with fantasy, no work has ever come to birth. The debt we owe to the play of imagination is incalculable.

People who understand interest earn it. People who don't pay it.

Likewise, however little man, in living, demands as just to himself, his duty toward justice remains infinite. The right to live cannot be paid by finite labour, only by infinite activity. Because you participate in the violence of all things, all of this violence is part of your debt to justice. All of your activity must go toward eradicating this: to give everything and demand nothing; this is the duty—where duties and rights may be, I do not know.

Debt is a bottomless sea.

What is certainly clear is that again and again, countries, banks, individuals, and firms take on excessive debt in good times without enough awareness of the risks that will follow when the inevitable recession hits.

Bubbles are far more dangerous when they are fueled by debt, as in the case of the global housing price explosion of the early 2000s.

Although private debt certainly plays a key role in many crises, government debt is far more often the unifying problem across the wide range of financial crises we examine. As we stated earlier, the fact that basic data on domestic debt are so opaque and difficult to obtain is proof that governments will go to great lengths to hide their books when things are going wrong,