Quotes About Debt

Debt is a terrible, terrible thing. Somehow they've got us all primed to accept it. They've taught us it's part of the American dream or some such nonsense. But it keeps you in chains. The deeper in you get, the more money they make off your misfortune, and the deeper in you get.

Nearly everything is easier to get into than it is to get out of.

We plunge ourselves into enormous debt and then take two and three jobs to stay afloat. We uproot our families with unnecessary moves just so we can have a more prestigious house. We grasp and grab and never have enough. And most destructive of all, our flashy cars and sports spectaculars and backyard pools have a way of crowding out much interest in civil rights or inner city poverty or the starved masses of India. Greed has a way of severing the cords of compassion. Richard J. Foster, 1981

When President Obama was in the Senate, when he was a U.S. senator, he voted against raising the debt ceiling. And he said it was a lack of leadership that had brought us to this point.

To be indebted is to fixate on the future (Page 186)

Indebtedness is not the same thing as gratitude.

But it was hard to find these: few of the human financiers involved in debt, derivatives, or securitization world wanted to be quoted or photographed, and it was almost impossible to see the human borrowers at the end of the complex financial chains.

Having an unresolved Bad Boyfriend issue is like carrying around credit card debt . . . which can still show up and wreck your rating.

But in a crony system, banks and government institutions grant loans to students they know are unlikely to ever pay back the loans. Schools charge increasingly higher rates because they know government will give students virtually unlimited student loan debt. This is the model America's political class has been building for decades.

Women still average much less in earnings over a lifetime than men do and have to pay back the same college debt.

For instance, Americans are supposed to cherish freedom, yet we imprison a bigger percentage of our people than any other country in the world. I talk to students who are graduating in crippling debt, yet don't connect this to state legislatures that are building prisons we don't need instead of schools we do need, and then spending an average of fifty thousand dollars a year per prisoner and way less per student.

As Maynard Keynes famously observed: "If I owe you a pound, I have a problem, but if I owe you a million, the problem is yours.

the traditionally used ratios of deficit to GDP and total debt to GDP, as computed using the official numbers, grossly overstate how much more debt China can incur to jump-start its economy.

Among borrowers there is a philosophy that "it's better to repay late than repay early, and it's better not to repay than to repay late." China, in short, is in the process of creating a society "based on the repudiation of debt," warns a prominent Beijing scholar.

Hamilton used the sinking fund to maintain the confidence of creditors in the government's securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government.

Borrowing is the mother of trouble.

Wilt thou seal up the avenues of ill? Pay every debt as if God wrote the bill.

Debt is the worst poverty.

Bankruptcy—a peculiar institution that enabled an individual, who had failed in competitive industry, to forego paying his debts. The effect was to ameliorate the too savage conditions of the fang-and-claw social struggle.

Martin'in sebze ald??? Amerikal? manav, iÅŸ ilkeleri hayli güçlü olmal?yd? ki, beÅŸ dolara yükselene kadar veresiyesini kesmedi. F?r?nc? iki dolarda, kasapsa dört dolarda veresiye defterini kapatt?. Martin bütün borçlar?n? toplayarak dünyada toplam on dört dolar seksen beÅŸ sentlik kredi itibar? olduÄŸunu gördü.

For there to be a gift, there must be no reciprocity, return, exchange, countergift, or debt. (...) For there to be a gift, it is necessary that the donee not give back, amortize, reimburse, (...)

For the past five thousand years, people have been largely enslaved by a few select masters who understood how violence, religion, communication, debt, and class warfare all work together to subjugate a large group of people.

I ignore the headlines. Italy is a nice place to eat dinner and sight see but I'm not going to ever think again about their debt.

Lend a little and you have a debtor—lend a lot and you have a partner!