Quotes About Debt

Without true medical liability reform, our doctors will continue to leave, and young doctors coming out of medical school $100,000 to $200,000 in debt will not be able to afford such onerous costs.

The rich man who gives to the poor does not bestow alms but pays a debt.

Men will never worship God with a sincere heart, or be roused to fear and obey Him with sufficient zeal, until they properly understand how much they are indebted to His mercy.

An honest man is in Hell when he is in debt.

Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

If it's a first notice, Jason likes to drop by in person, just to show the flag, to emphasize that his organization takes a personal, one-to-one, hands-on, micromanaged approach to debt-related issues.

Love is a cage only when you feel indebted to it, constrained by it, responsible to its owner.

When bond prices fall, interest rates soar, with painful consequences for all borrowers.

banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to 'facilitate the movement of money from point A, where it is, to point B, where it is needed'.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.

Desde que en 1579 se hubieron sacudido del dominio español, los holandeses habían estado a la vanguardia del capitalismo europeo. Habían creado un sistema de deuda pública que permitía al gobierno tomar empréstitos de sus ciudadanos a un tipo de interés bajo. Habían fundado una institución parecida a un banco central moderno. Su moneda era sólida. Su sistema impositivo basado en los impuestos internos era simple y eficaz.

Otros pidieron prestado para financiar un estilo de vida basado en un consumo ostentoso. Los duques de Devonshire, por ejemplo, se gastaban entre el 40 y el 55 por ciento de su renta anual en pagar intereses: tan enormes eran las cantidades que habían pedido prestadas en el siglo XIX. «Lo único que ustedes no tienen —se quejaba uno de sus abogados— es la capacidad de autocontrol.»

making provision for an uncertain future has taken the very simple form of an investment (usually leveraged, that is debt-financed) in a house

agencies began to downgrade scores of RMBS CDOs (short for 'residential mortgage-backed security collateralized debt obligations', the very term testifying to the over-complex nature of these products).

Only by historical methods can we explain why, over the past thirty years, so many countries created forms of debt that, by design, cannot be inflated away; and why, as a result, the next generation will be saddled for life with liabilities incurred by their parents and grandparents.

the creditor could draw a bill on the debtor and either use the bill as a means of payment in its own right or obtain cash for it at a discount from a banker willing to act as broker.

then resold their loans in bulk to Wall Street banks. The banks, in turn, bundled the loans into high-yielding residential mortgage-backed securities (RMBS) and sold them on to investors around the world, all eager for a few hundredths of a percentage point more return on their capital. Repackaged as collateralized debt obligations (CDOs), these subprime securities could be transformed from risky loans to flaky borrowers into triple-A rated investment-grade securities.

They've got the usual Socialist disease — they've run out of other people's money.

non-Western countries had, until quite recently, highly unreliable legal systems and differing accounting rules. If a foreign trading partner decided to default on its debts, there was little that an investor situated on the other side of the world could do. In the first era of globalization, the solution to this problem was brutally simple but effective: to impose European rule.

Credit was, quite simply, the total of banks' assets (loans).

During his campaign, Donald J. Trump embraced the cause of fiscal responsibility and accused President Barack Obama of shackling the country with a 'mountain of debt.'

If it took multiple debt ceiling hikes, I'd rather achieve the savings.

It is important that China stop its over-reliance on municipal debt to finance infrastructure. I take comfort in the fact that China's leaders understand this.

Millennials are concerned with national debt and the deficits.