Quotes About Debt

Another deep philosophical issue, in principle relevant to thinking about international lending, surrounds the notion of "odious debt." In the Middle Ages, a child could be sent to debtors' prison if his parents died in debt. In principle, this allowed the parent to borrow more (because the punishment for failure to repay was so great), but today the social norms in most countries would view this transfer of debt as thoroughly unacceptable

But highly leveraged economies, particularly those in which continual rollover of short-term debt is sustained only by confidence in relatively illiquid underlying assets, seldom survive forever, particularly if leverage continues to grow unchecked

The Fiscal Legacy of Crises Declining revenues and higher expenditures, owing to a combination of bailout costs and higher transfer payments and debt servicing costs, lead to a rapid and marked worsening in the fiscal balance.

there is one common theme to the vast range of crises we consider in this book, it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.

heaped on the hapless American student to pay for a bloated academic establishment

A hundredload of worry will not pay an ounce of debt.

By no means run in debt: take thine own measure.Who cannot live on twenty pound a year,Cannot on forty.

Love is a personal debt.

When I was a youngster growing up in South Dakota, we never referred to the national debt, it was always referred to as the war debt because it stemmed from World War I.

There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.

Education a debt due from present to future generations.

There were other things to tend to first. There were other debts to pay.

When the choice is debt or death, best borrow.

Wylla." Lord Wyman smiled. "Did you see how brave she was? Even when I threatened to have her tongue out, she reminded me of the debt White Harbor owes to the Starks of Winterfell, a debt that can never be repaid. Wylla spoke from the heart, as did Lady Leona. Forgive her if you can, my lord. She is a foolish, frightened woman, and Wylis is her life. Not every man has it in him to be Prince Aemon the Dragonknight or Symeon Star-Eyes, and not every woman can be as brave as my Wylla.

If you lend you either lose the money or gain an enemy.

The Right Honorable gentleman is indebted to his memory for his jests and to his imagination for his facts.

The nations which have put mankind and posterity most in their debt have been small states - Israel, Athens, Florence, Elizabethan England.

Drinking water neither makes a man sick, nor in debt, nor his wife a widow.

A hundredload of worry will not pay an ounce of debt.

Blessed are the young, for they shall inherit the national debt.

Unworthiness always puts you in debt to anyone and everyone who shows you the slightest degree of attention or love or energy. Eventually, in this form of bankrupt relationship, your benefactors will demand or expect more than you are able or willing to give. This is the precise moment they will choose to call in the loan.

You simply cannot pay the debts that come along with believing you are unworthy.

Are you gonna arrest a robber? Know any? My friend Everet stoled a candy bar from the store, but his ma found out and made him go pay for it out of his 'lowance, and he couldn't have candy or nothing for a whole month. You could arrest him. He's over there. He pointed, cheerfully ratting out his pal. It sounds like he's paid his debt to society.

What if...what if that is the price one has to pay for staying on? Perhaps that is how they look at it: perhaps that is how I should look at it too. They see me as owing something. They see themselves as debt collectors, tax collectors. Why should I be allowed to live here without paying?