In this post, you will find great Debt Quotes from famous people, such as Suze Orman, Anupriya Goenka, Kenneth Clarke, Liz Kendall, Gary Weiss. You can learn and implement many lessons from these quotes.
No other facet of American business is more corrupt, more intoxicated with illegality, more weakly regulated, and has a greater impact on poor and working people than debt collectors; not credit card companies or subprime mortgages, not even payday lenders.
As the wedded pair have given each other power over their bodies, it would be a grave sin for one to refuse either altogether or for a considerable time the fulfilment of the marriage debt.
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
President Obama has piled on more taxes, more regulations, more debt for future generations and higher health care costs – hurting our Main Street economy.
This election presents a stark choice – we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation – free markets, fiscal responsibility and individual liberty.
The American people are tired of being told. They’re tired of being told that this is as good as it gets. They’re tired of hearing politicians in both parties tell us that we’ll get to that tomorrow while we pile a mountain range of debt on our children and our grandchildren.
The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.
I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.
I think for young people, there are so many issues, not only student loan debt but health care and all these various issues that I believe can impact the quality of your life.
It’s heartbreaking to see so many people trapped in a web of enforced idleness, deep debt, and gnawing self-doubt.
I was a first-generation college student. This was supposed to be the ticket to prosperity. But it wasn’t. I left college with a mountain of debt and no practical skills.
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
It is my growing conviction that the Baptist churches in America are behind the age in missionary spirit. They now and then make a spasmodic effort to throw off a nightmare debt of some years’ accumulation, and then sink back into unconscious repose.
After high school, I attended the Virginia Military Institute and then Eastern Virginia Medical School – both great public schools that prepared me well for my career as a physician and didn’t saddle me with a load of debt.
We have to deal with the nation’s debt.
It defies logic that protections against predatory debt collection practices don’t apply to debt collectors hired by the federal government.
We owe the Aboriginal peoples a debt that is four centuries old. It is their turn to become full partners in developing an even greater Canada. And the reconciliation required may be less a matter of legal texts than of attitudes of the heart.
At a lot of college graduations, you’ll hear people say, ‘Follow your passions,’ and that is important, but no one talks about the stress of not having enough money, the issues of debt, and the issues of work stress.
I fight for the things that I care about, which are jobs and the economy. I fight for the things I think are important, which are reducing the debt and getting more companies to come to South Carolina.
You watch television and see what’s going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing‘s going to get fixed until the President himself steps up and wrangles both parties in Congress.
Both on an individual and a national scale, debt imprisons.
I have been in love, and in debt, and in drink, this many and many a year.
In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It’s back to a philosophy of risk-adjusted returns.
I only became involved in politics when democracy returned to Bolivia. Then, unluckily in democracy, we ran into the inheritance of 20 years of military government, a great deal of debt, and a great deal of expense.
Obama does not need to worry as much as past Democratic presidents about being labeled soft on national security – not after giving the order that led to the assassination of Osama bin Laden. No, his biggest concern is being labeled tone deaf on joblessness and debt.
Something that bothered people about ‘Dawson’s Creek‘ but as a writer, I kind of dug: writing those kids as though they were college grad students. It was fun and liberating and made for a true sort of writer’s show. It was a fun year for me, because I got to get out of debt with my first TV job, and I learned a ton.
We have to make it easier to afford to go into education in the first place, so you don’t leave with crippling debt that you never have a chance to pay back because you’re not making enough money.
The UFC does not owe me a thing. Nothing. I am in debt to them.
I fully believe that the U.S. has the obligation to honor its debt.
It took the first 204 years of our Nation’s history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.
I talked to a lot of employers who just are, are fearful of what’s coming next out of Washington. It’s all the spending, it’s all the debt. It’s their national energy tax, they want to call it cap and trade – more mandates, higher costs, more taxes. Their healthcare bill – more mandates, higher costs, higher taxes.
There are no shortcuts when it comes to getting out of debt.
Older couples bring obligations such as support payments and debt as well as decades of financial experience to a marriage.
Well, as I said, you know the issue of Greek debt, they’ve grasped the principle of debt reduction. I think most people would argue that probably more needs to be done on that front, and they’ve just begun to take the first steps to accepting that there’s going to have to be much closer economic integration in Europe.
Debt collectors should be required to disclose the applicable statute of limitations in the body of their collection letters, in bold type. While it’s not illegal to dun a consumer for an old debt, it is illegal to sue for one.
If you don’t have the money management skills yet, using a debit card will ensure you don’t overspend and rack up debt on a credit card.
Our nation’s debt has to be a concern for us all. It is not sustainable long-term.
Congress must do what we said we would and find ways to pay for bills we propose so we don’t leave future generations mired in debt.
The most compelling economic and geopolitical story in 2017 will almost certainly revolve around China. The world’s most populous country bankrolled an economic boom with high levels of debt and leverage, with which the government is now forced to reckon.
There was no avoiding the fact that we were going to hit our debt ceiling.
Everyday people are graduating from universities with crippling debt, stifling their opportunity for financial mobility, that is what’s broken with this country.
You go public because you want access to capital in the form of debt and equity.
Manchester United and Liverpool have been bought with huge leverage, and we’ve got Roman Abramovich at Chelsea who can turn his loans into shares. It is really important for the Premier League to ask itself: if a club is being bought on such a mountain of debt, isn’t that a possible recipe for disaster for the future?
When you’ve paid your debt to society, you need to be reconnected and re-engaged in society.
The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
Navient’s actions have led to student borrowers needlessly carrying billions of dollars in debt, and the company must be held accountable.
It was at the graduate school at Columbia University that I first met Wesley C. Mitchell, with whom I was associated for many years at the National Bureau of Economic Research and to whom I owe a great intellectual debt.
We owe each other a debt and we owe each other an obligation, and because of these fundamental American imperatives, there are things that we own in common with each other, and that we are obliged to protect for our posterity. The water. The trees. The wild places in the land. We lose sight of these truths sometimes.
The American people do not like privatization. They are afraid of the debt the president’s willing to do. And they don’t like benefit cuts. And everyone here should understand all 45 Senate Democrats are united. We are not going to let this happen.
With debt free college there is absolutely no incentive to rein in administrative costs when the government is foolishly pushing everyone to get a degree, regardless of need or desire, which only perpetuates the silly cycle for another generation.
Forgive: Make a conscious decision to cease to harbor resentment, which includes forgiving a debt and giving up one’s resolve to retaliate.
At Cornell University, it was well known that after five years on Wall Street, you could expect to be making half a million a year in salary and bonus; after 10 years, you could expect a million or more. I had 60 grand of university debt, and my parents had no retirement. I needed that money.
If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.
The formerly incarcerated – returning citizens – often face a cruel irony in America. Having paid their debt to society, too many are banned from the ballot box that could help them dismantle policies that essentially extend their sentences.
It’s not long-term debt if the money is immediately paid back.
Instead of explaining the sober facts of mechanics and electricity, I want to say a few words about the debt which we owe to youth; and with your permission I shall consider you as representing here not only the academic youth of Sweden nor even of Europe but also of America.
I think, my generation, it’s hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.
We’ve got a lot of work to do: not only on education, but on the economy, on our tax code, and on reducing our crushing debt.
It’s hard for bad things to happen when you have no debt.
I’m very interested in the more grass-roots consequences of the economic meltdown: issues related to mortgage foreclosures, debt collection, and the practices of credit card companies and others who hold a lot of consumer debt.
About two-thirds of bachelor‘s degree holders borrow to go to school, and on average they’re graduating with more than $26,000 in debt.
One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.
We have a government that borrows $4 billion a day. We have a government that owes trillions of dollars in debt, half of that to foreigners, most of that to Chinese investors. I don’t – that is extreme. Not only is it extreme. It’s insane and it’s unsustainable.
I have younger friends who are in this pinch where they feel they’ve been counted out before they’ve had a chance to prove themselves. They’ve inherited a lot of debt – not just student debt but environmental debt, political debt. They really feel squeezed.
I think America is strong enough to fix the problems, grace and honor to D.C. I think energy independence and control spending. We have to go to a balanced budget. Quite frankly, as far as our debt goes, I don’t think you can tax your way out of it. I think people are taxed enough.
I consider myself a product of Alaska. The love and the debt that I feel to my home state – you always want your hometown to be the proudest of you, and so it’s heartbreaking to hear people say snarky things.
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
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.
I think what is happening is I think first of all there is confidence in the U.K. economy. We’re in a German rather than a Greek position in international financial markets, which is very positive and keeps our debt service costs down, and we’re also beginning to see real evidence of rebalancing.
Historically, the minority party in Congress votes against raising the debt limit, forcing the majority party to whip its members into casting politically painful votes in favor.
First, pay off your high-interest-rate debt. If you have student loan debt – that’s low interest rate; that has a tax benefit – you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.
If Washington continues to fumble issues like taking care of the debt, getting the troops home, and rebuilding our economy, my wife and I may sit down and say, ‘These are critical things and maybe we need to get back in the ball.’
A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn’t do it.
People go into debt when they judge it beneficial to borrow money against their future earnings. Few can afford to buy a house outright, but many consider it worthwhile to take out a loan, which they will service and pay off over time, for the immediate privilege of living and investing in a house.
I built a huge profitable business with no debt.
Pain and sorrow and misery have a right to our assistance: compassion puts us in mind of the debt, and that we owe it to ourselves as well as to the distressed.
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
The truth is that the United States doesn’t need, and shouldn’t have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That’s one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we’ll able to pay our bills down the road.
We owe the Greatest Generation a debt we can never fully repay.
When I left Washington, we actually had a balanced budget and we paid down the most amount of the national debt in modern history and cut taxes and created jobs. And I was the chief architect of that plan in ’97.
The World Bank is now the biggest culprit in the debt crisis.
Ultimately, we can’t just keep doubling our national debt every eight years. We have got to get that under control and not spend more than we bring in.
I firmly believe that the U.S. has to honor its debt.
Your FICO score is an “I love debt” score. You’re going to pay a bazillion dollars in interest to keep your FICO score up in order to have lower homeowner’s and car insurance rates.
You can’t explain collateralized debt obligation in a novel – it’s too draggy.
Small business owners are experiencing great uncertainty because of the possibility of tax increases, the inconsistent flow of credit, an outrageous national debt, high energy costs, and overreaching federal regulations.
If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There’s a significant misunderstanding on the debt ceiling. People think it’s authorizing new spending. The debt ceiling doesn’t authorize new spending; it allows us to pay obligations already incurred.
There’s nothing progressive about spending more on servicing your debt than on educating your children.
There is no constitutional basis for the federal government to be mandated to assist with student debt.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.
Limited government, low taxes, controlled spending and debt, and a restrained regulatory environment make Texas work.
In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It’s a form of taxation without representation. I don’t think we can do that.
I’ve always been terrified about not having money. I’ve been a big saver and a big earner. When I’ve been out of work, I’ve always found another job. I never wanted to get into debt, because money was very tight when I was growing up. I never felt deprived, but I couldn’t have the things I wanted.
Students graduating with high debt encounter difficulties in qualifying for home and automobile loans.
Growth based on debt is unsustainable, artificial.
The reality for us in America is that we will never get out of debt with more than 15 million people out of work.
If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don’t just say, ‘I’m not going to file.’ There are ways to deal with these things, but you must communicate with your creditors, whether it’s a credit card company or tax department.
Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.
Our pandering politicians compete to add names to the dependency of entitlement rolls instead of evaluating the success of these programs by how many people leave the dole and are restored to an independence. And these bulging entitlements are saddling our offspring with unsustainable generational debt.
The perils of credit and debt, especially perilous in the computer age, have long been acknowledged in pop culture, but very infrequently by TV.
The idea that debt is necessary for trade, and has to be forgiven, is consequent to the rise of a market economy. The idea that debt is wrong and should be punished is a feature of a moral economy.
The United States is at a critical juncture in time. Our government is riddled with historic debt, and the limited resources of philanthropic and non-profit efforts cannot meet the scale of social challenges we face with necessary force.
It is not only our duty but our moral obligation to break from the oppression of debt. We must rise above the political considerations and do what is right for the future of our nation.
Direct mail was the basis of a lot of new Right organizations in the ’70s and early ’80s, and it actually led to the downfall of the majority of them. It’s very expensive, and you end up putting your organization more and more in debt if you’re not successful with it.
Repealing the estate tax won’t create jobs, it won’t boost GDP, and it won’t add efficiency to the market. Instead, repealing the estate tax will simply add to the debt, hurt our ability to build a stronger economy and worsen economic inequality.
Less than a year after loading the company up with debt, Romney and Bain gave themselves bonuses four times bigger than the $8 million they had put into the deal.
At a time when the United States is handing out tax breaks to corporations that ship jobs overseas, corporate jet owners, and millionaires and billionaires, it is ludicrous that we would even be looking at Social Security and Medicare as a solution to our debt crisis.
Our debt is out of control. What was a fiscal challenge is now a fiscal crisis. We cannot deny it; instead we must, as Americans, confront it responsibly. And that is exactly what Republicans pledge to do.
Every professional athlete owes a debt of gratitude to the fans and management, and pays an installment every time he plays. He should never miss a payment.
The Fed’s buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn’t matter whether unemployment goes up or down. It doesn’t matter whether inflation is higher or lower. Its influence on the market is dominant.
It seems evident that the IMF has learned nothing from its inequality-inducing policies during the 1980s debt crises in Latin America nor from its recession-deepening response to the East Asian crisis of the late 1990s. In both regions, the IMF has become synonymous with making bad situations worse.
As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.
While I encourage people to save 100% down for a home, a mortgage is the one debt that I don’t frown upon.
In software engineering, we have the term ‘technical debt.’ When you don’t do a job correctly, unaddressed problems become harder and harder to solve.
I felt like I’ve needed to ask my parents up until about four years ago about everything. They have helped me tremendously, I came out of college with no debt. Everything they made, they just poured into my education.
It’s God‘s will for you to live in prosperity instead of poverty. It’s God’s will for you to pay your bills and not be in debt.
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.
We have to reduce the burden placed on our economy by years of deficits and debt.
The biggest change we have to tackle that’s out there is that we’re digging the hole deeper and deeper and spending is totally out of control. And that’s something that, quite frankly, is affecting future generations. You’re giving a lot of debt to them and you can’t keep doing it. It’s not helping anybody.
We can pay the ecological debt by changing economic models, and by giving up luxury consumption, setting aside selfishness and individualism, and thinking about the people and the planet Earth.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama’s budget just the interest payments on our debt is $916 billion dollars.
I was a playwright who was still learning the ropes when Starz took a chance on me to create and showrun ‘Vida.’ They nurtured and supported me during every step of the strenuous process, and that is a debt that cannot be repaid.
The things to watch are whether the country’s borrowing costs are rising, whether its budgetary allotment for payments on the debt is increasing, and whether it is spending on good priorities. Those big, scary debt numbers are not as big and scary as they used to be.
It’s a scary thing going into the workforce with a $50,000 debt and you’ve been trained as a classical theatre actor. There’s always a depression in the theatre.
Debt collectors like to play on your emotions because they think you’ll give in and do something you can’t really afford to do. Most of them don’t care about you or your situation as long as they get some money.
What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion‘s share of it by simply adding it to the national debt.
We should get young people to be more concerned about our debt and point out to them that promising them more all the time is a completely unsustainable way of being and that it’s a lie to say that the top one percent are going to pay for it.
I get up every single day trying to repay a debt that I can never repay. Never. And I will work hard. Because I don’t know why I was saved. I don’t know.
I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year.
But learn that to die is a debt we must all pay.
Many students graduate from college and professional schools, including those of social work, nursing, medicine, teaching and law, with crushing debt burdens.
Besides, we had a large debt, contracted at home and abroad in our War of Independence; therefore the great power of taxation was conferred upon this Government.
It’s very difficult to explain to a normal working citizen the implications of what $18 trillion in debt means and what it means when the Federal Reserve buys the U.S. Treasury bonds to finance our loss every month.
Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt.
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
America needs education reform on all levels to expand quality schools, build on past successes, and lower college debt.
We’re going to have to forgive a great deal of the Soviet era debt. There’s no question about that. Let’s face up to that. We’re going to have to put in money if Russia is really going to consolidate a democracy.
Students can spend their money better than government can. It should not require a federal loan and decades of debt for students to get a college degree. Price limits access – plain and simple.
If we reach the debt ceiling, we don’t have to default. Getting to that point just won’t allow us to reach new debt.
I am perfectly happy to compromise and work with anybody: Republicans, Democrats, Libertarians – I’ll work with Martians if – and the if is critical – they’re willing to cut spending and reduce the debt.
If we weren’t running deficits, if we weren’t spending more than we were taking in, there would be no reason whatsoever to increase the debt ceiling.
The romantic idea of the penniless writer is false. It’s terrible. I hated being in debt. I hated the anxiety of not knowing whether we could pay our rent that month. Thankfully, I had a wife who was very supportive and had faith and shared my madness.
Students from disadvantaged backgrounds will have the most debt, and then, being less likely than their affluent peers to go straight into high paying jobs, they will spend most of their working lives trying but failing to pay off that debt.
And it’s also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
Our growing national debt is a threat to our national defense and to our domestic priorities, including research and development, education, health care, and investments in our economic growth.
You cannot spend your way out of recession or borrow your way out of debt.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
The convertible note is a useful and common financing structure in Silicon Valley. It’s a form of debt that is really more a type of equity – one where the valuation hasn’t been determined yet.
It’s funny to think that when you get done with an acting job, you’re considered unemployed. There are definitely times when those checks don’t last forever. I went to college at a private school, and I racked up quite a bit of debt. I was very slow to pay them back.
Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.
My grandmother told me: ‘Never be in debt to anyone or anything.’ Which is probably why I’ve never been financially extravagant – I still go to Costco. I’m always conscious of living within my means.
I ran for office originally as part of this Tea Party Movement because we were upset with Republicans who’ve doubled the debt. We were upset with Republicans that bailed out the banks.
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
Despite the debt, the traffic, the one-party rule, the taxes, and the eagerness of politicians to overwhelm small businesses and large corporate job producers with red tape and unnecessary regulations, the Golden State is still the most beautiful place to live and work in the United States.
The Millennial Generation is being crushed by soaring college costs and student loan debt, and as lawmakers, we must find solutions to address affordability and flexibility in higher education.
I’m the king of debt.
I don’t like being in debt, and I wouldn’t borrow money for anything.
All of the problems we’re facing with debt are manmade problems. We created them. It’s called fantasy economics. Fantasy economics only works in a fantasy world. It doesn’t work in reality.
So many of my followers who just graduated can’t get jobs; they’re hundreds of thousands of dollars in debt, and they don’t know what to do. My dream is to see a new generation of entrepreneurs who are creating and having more meaningful jobs than the day-to-day grind.
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.
The whole student loan thing drives me completely nuts. If it wasn’t possible for 18-year-olds to sign themselves up for tens of thousands of dollars in debt in order to pay their college bills, the state governments wouldn’t have found it so politically easy to cut taxpayer support for public colleges and universities.
The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.
Washington’s answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The ‘fiscal cliff‘ process was secretive and sloppy, and the nation’s so-called leadership lacked the political courage to address our root problems: joblessness and debt.
Money is a huge issue for manic depressives. Sometimes the problem is not nearly on the same scale as it has been for me, but nonetheless, it’s difficult to deal with. Many get themselves into debt that can take years to clear up, write bad cheques, shoplift and borrow huge amounts from family and friends.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
We’ve had years and years and years of compromises, and that’s led to $14 trillion in debt.
All of us at Cablevision and MSG owe Dave Checketts a debt of gratitude for 10 years of service.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
You never cash out a 401(k) or IRA to pay off debt, unless it’s to avoid a foreclosure or bankruptcy.
The very welfare state the Occupy Wall Street protesters so eagerly applaud is what has saddled Greece with colossal debt and left its economy on the brink of collapse, igniting violent protests across the nation.
There are lots of families who – who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills.
We need to stop the vicious cycle of debt that is strangling us.
All Americans owe a debt of gratitude to Dr. King for his bravery and commitment to civil rights and nonviolence that changed this nation – and world – for the better.
Our nation owes a debt of gratitude to anyone who serves honourably. I think it’s despicable that a president would put veterans on his website and list them on an enemies list.
You know the most important thing the Americans did for Iraq apart from liberating the country from Saddam was helping Iraq reduce its debt. The United States worked very hard to reduce 80 percent of Iraqi debt.
Don’t take risk, and don’t get into debt.
Our efforts in Congress should focus on what we can agree on: investing in the success of local entrepreneurs to create jobs, helping hard-working families get ahead and reducing our spiraling debt.
College dropouts with significant debt struggle with repayment over the course of their lives and do not receive the benefits afforded to their peers who have debt but obtain higher-paying jobs as a result of college completion.
I can’t think of another enterprise other than being a homeowner that can’t have its debt restructured in bankruptcy. Corporations can but a homeowner can’t? Now with securitization the homeowner can’t go to the owner of the loan and work things out.
The debate we won’t be having is whether or not the debt ceiling should be raised. We will not have a situation where people will hold the American economy hostage in order to achieve a specific agenda – at least not until 2013. So we think that is incredibly important as a matter of economic good.
The Obama administration’s large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.
People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people’s home lives, domestic stuff.
I run a campaign where we do not take on debt.
We don’t need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.
It has to be understood, it has to be measured, and the investment needs to make sense, but debt on its face is not a bad thing.
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.
While the deficit and debt are serious problems, I oppose solving these problems by raising taxes.
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.
The Republicans won the women’s vote in 2010. It was the first time since Ronald Reagan that the Republicans had won the women’s vote. And when you look at the issues that really drove women to the Republican Party, it’s been the issues related to the economy, to jobs, the debt.
It’s time to start thinking differently about money and debt and start the healing process – and the process toward wealth and freedom. ‘Freedom from Bad Debt’ can get you started.
The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.
The debt they ran up in the first year of the Obama administration is bigger than the last four years of the Bush combined.
The United States owes a great debt to its inventors. Far from being grateful to them, it places every obstruction in their way and makes it enormously difficult to secure a patent.
The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child.
I’ve never got into debt and I’ve always been in control of my taxes and VAT, but having four children costs a lot. They are my weakness.
You know, when Republicans were in charge, we doubled the debt. But, now, our concern is the Democrats are in charge and they’re tripling the debt. So, really, our concern is that we want smaller government.
I consider myself a product of Alaska. The love and the debt that I feel to my home state, you always want your hometown to be the proudest of you.
Part of any solution to get our economy going should include steps to free up our small businesses by peeling back unnecessarily burdensome regulations, ending the continual threats of tax hikes, and addressing the cloud of federal debt that hangs over our economy.
There are a lot of anachronisms in Washington, but the need to periodically raise the debt limit by Congressional vote is certainly one of them.
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.’
I do have a huge debt of gratitude to people who fought for equality.
To Tennessee Williams we owe a special debt. In a tragic age, he has transformed loneliness by naming it for us, suffered sordidness with beauty, graced poor hurt lives with love and pity.
We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt.
What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
The reality of this Obamacare provision is that young adults will be forced to subsidize healthcare costs for older, financially stable, working-age Americans. At a time when 20-somethings face underemployment, record school debt and less economic opportunity, it is unfair to saddle them with this burden.
Housing wealth – the net equity held by households, consisting of the value of their homes minus their mortgage debt – is the most important source of wealth for all but those at the very top.
Your child probably won’t get into the Ivy League or win a sports scholarship. At age 24, he might be back in his childhood bedroom, in debt, after a mediocre college career. Raise him so that, if that happens, it will still have been worth it.
Credit is an ‘I love debt’ score.
But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction.
For the first forty years of his real estate career, my grandfather never acquired debt. In the 1970s and ’80s, however, all of that changed as Donald’s ambition grew larger and his missteps became more frequent.
One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
I always think a debt ceiling is a good tool to carry something.
Our national debt poses a threat to all Americans and is particularly troublesome both for well-established businesses and for those seeking to enter into the marketplace.
No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure.
Plus, 40% of our debt is owned by foreign interest. I can’t support a plan that passes along cost burden to our children and makes us more reliant on foreign dollars.
Republicans and Democrats are obsessed with making sure that illegal aliens are granted citizenship. The American people are not. They’re concerned about jobs, the economy, debt. They’re concerned about a plundering country. They’re concerned about a decaying, dying country.
There is greater income inequality in the United States than in any other industrialized country. Yes, the debt is a problem that must be dealt with. To me, however, the disappearing middle class is even worse – bad for our economy and really bad for our democracy.
Most of the major increases in the debt ceiling have been accompanied by structural changes in the way we raise and spend money.
The World Bank is now the biggest culprit in the debt crisis.
Deficits and debt threaten the growing American economy and our national security over the long term.
Modern economies rely on debt, which encourages productivity and growth. But that system of credit requires consequences for debtors who default.
You wouldn’t want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to avoid default on either debt or social welfare promises. How they will increase those revenues, I can’t predict.
The privatization plan weakens Social Security and threatens our economic security by creating trillions of dollars in new debt.
When we were playing chess in the house, she would never let me win until I was good enough to beat her. It was always a competition. She was also always there for me. She was a very caring, loving mom, and the sacrifices she made to allow me to get to where I am today, I’ll be forever in debt.
Nearly every policy during the Obama years was anti-growth: tax increases; minimum-wage hikes; ObamaCare; Dodd-Frank regulations; massive debt spending; the Paris climate change accord; an EPA assault against American energy; massive expansions of food-stamps programs and more.
The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.
In a world awash in debt, power shifts to creditors.
The way to reduce the debt is by economic growth.
There’s no debt limit in the Constitution.
That issue of student debt and college affordability is probably what I would say reinforced that I was a Democrat.
What I’m concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.
We shouldn’t be profiting from our students who are drowning in debt while giving a great deal to the banks. That’s just wrong.
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.
College costs continue to rise, and student loan debt threatens to price many Americans out of a college education and out of the middle class.
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself – a rental property, office building, condo – does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
In the United States we have the great Harvard Business School, but America is the country with the greatest debt in the world.
Public borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.
Tough decisions have to be made to close our fiscal gap, stabilise our debt, and restore our state-owned enterprises to health.
I’m forever in debt to Nickelodeon. It made me who I am today.
There is scarcely anything that drags a person down like debt.
It’s such a strong drive for women, knowing you were meant to be a mom. We would have gone into debt, done whatever, exhausted all the options, to get there. But a lot of women have to give up on that dream because they can’t afford it.
There is nothing that puts a man more in your debt than that he owes you nothing.
More debt interest, higher taxes, a smaller GDP. That is the Liberal plan.
Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.
When Trump lied and claimed credit for ‘the greatest economy in the history of our country,’ even though it wasn’t, and even though he inherited a strong economy, and goosed it up with trillions of dollars in debt, it didn’t matter to most people.
But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.
I believed the only thing that could turn around this government spending and mounting debt would be if the people rose up.
I think that, you know, this is a different year than most years. We’ve got to tell the American people that we have to live with less. We have a $13.5 trillion debt. And the only way to do that is an honest campaign with honest people.
When I went to law school, which I put myself through for $100,000 dollars of debt, I didn’t expect anybody to pay for my health insurance, which I had none of. No health insurance.
We have mountain of debt that isn’t going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.
I don’t have more money. I won’t have more money than any of the candidates, even the Republican candidates. We know that already. But we are building this campaign team like I would build a business. And that is, we are building it so far with no debt.
Washington’s insatiable desire to spend our children’s inheritance on failed stimulus plans and other misguided economic theories have given record debt and left us with far too many unemployed.
But sovereign debt is a wider question not only in Europe but across the globe. While every country is a unique case, I think it’s not an issue of countries acting on their own. We need a more coordinated strategy not only in Europe but around the world.
When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.
The New Testament Scriptures are full of references to the malice of the devil, but we generally overlook them. I think this is because our idea of salvation is that Christ died on the cross to pay His Father the debt for our sins.
If you don’t have the money management skills yet, using a debit card will ensure you don’t overspend and rack up debt on a credit card.
Whether they know it or not, most American playgoers owe an incalculably great debt to translators. Were it not for their work, comparatively few of us would be able to enjoy the plays of Chekhov, Ibsen or Moliere.
I came of age when jobs were plentiful and college not exorbitantly expensive. I graduated with debt, but it was manageable, and I set off to do something I loved – journalism.
As a Main Street businessman, I believe we need to reduce runaway federal spending and address our national debt and the MAP Act provides Congress with the tools to accomplish this goal.
What matters to me is that I do what I think is right and I see, I’m a numbers guy, that’s my attitude. I know we have a debt tsunami coming, we are bankrupting this country and I’m in a position where I can actually advance ideas to prevent that from happening. That’s exactly what I should be doing.
The CCP has become the political incarnation of the deadly coronavirus, infecting the world with illegal trade practices, arm twisting smaller nations, debt – a.k.a death – traps and sinister imperialist ambition.
Our government is deeply disordered; its credit is impaired; its debt increasing; its expenditures extravagant and wasteful; its disbursements without efficient accountability; and its taxes (for duties are but taxes) enormous, unequal, and oppressive to the great producing classes of the country.
The Citizen’s Petition reflects Vermont‘s spirit of pragmatism and across-the-board cooperation. I applaud the ‘Campaign to Fix the Debt’ for calling attention to one of the country’s most pressing problems, our ballooning national debt, and for urging policymakers to find practical solutions.
If we didn’t propose these reforms, we would not have proposed a budget that got the debt under control.
Students take out loans with the expectation that they will receive an education that sets them up for success – yet too many students are left with enormous debt from predatory institutions and no education to show for it.
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn’t dramatic.
Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe’s economy remains unable to grow.
Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C.
Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.
When Americans think of college these days, the first word that often comes to mind is ‘debt.’ And from ‘debt’ it’s just a short hop to other unpleasant words, like ‘payola,’ ‘kickback,’ and ‘bribery.’
Graduating business school, I had $150,000 of debt. An investment firm offered me a steady job, but it didn’t feel right. It was 2007 in Silicon Valley, and I dreamed of starting an Internet company.
President Obama has almost doubled our national debt to more than $19 trillion, and growing. And yet, what do we have to show for it? Our roads and bridges are falling apart, our airports are in Third World condition, and forty-three million Americans are on food stamps.
It is morally wrong for this country to require our citizens to take on tens of thousands of dollars of debt to achieve the American Dream.
Science does not know its debt to imagination.
I’ve got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.
The interest on our debt is going to collapse this country.
We can all agree that we need to be helping small businesses. All of us can agree that the cost of higher education is too high, and college debt is too big of a burden for young people.
Ultimately, multiple livelihood opportunities alone can insulate farmers in rainfed areas from the debt trap.
I used to have insecurity about my finances, then I announced that I had debt, and now I don’t have any insecurities.
We have determined as a society, as a country, as a people, that the incarceration and the supervision and the specific fines for a particular crime are that person’s debt to society.
Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses.
Last night, I had a telephone townhall for my constituents back in Vermont, and we had 11,500 people on it. And I had people on Social Security saying if getting fewer benefits will help us on the debt, they’re for it. And I had a farmer saying that he’s had subsidies for 35 years but we can’t afford them anymore.
We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.
Here’s the perversity of Wall Street’s psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn’t reached.
Make this the year you tackle that credit card debt once and for all.
To this day, I still have a massive respect for anything I buy and I have never got into debt. I understand money does not come easily. I put a lot of that down to my parents.
I have dealt with a pretty interesting mix of young people, many of whom have never been involved in any form of politics at any level who are interested in alternatives to austerity and debt, and older people who left the Labour party, mainly over Iraq, who are coming back in.
Well, the problem of the federal government is that they print money and go in debt. That’s their national policy, Democrats and Republicans it doesn’t matter. And this is where I differ.
It takes as much imagination to create debt as to create income.
I have never had personal debt and never will.
When you are continuing to be in debt or are going deeper into it, every time a creditor calls, it rubs your face not only in how vulnerable you are, but that people are out to get something from you that you don’t have to give.
When we manage a restaurant, we start making money from the first day. When we own a place, it’s often five years before we earn the first penny that is clean of debt.
In Iraq, I listened to David Petraeus speak every day about how we had to rebuild Iraq’s oil infrastructure and protect it. But, if we’re going to go trillions of dollars in debt over Iraq, why can’t we go billions of dollars in debt and make every single coal-producing plant clean in West Virginia?
I came from a working-class family, but I was supported by a grant system and had my fees paid, so I came out of Oxford with a debt of something like £200.
I think what’s important to understand is if the United States hits the debt ceiling and is unable to pay its debts, the consequences will be immediate and dramatic.
Any creator owes a debt to past creation.
We need to have a modicum of faith in people’s common sense, creativity and will to survive and prosper even in the face of great difficulties and obstacles. If people could keep society running in the aftermath of the Black Death, they could keep it running after the U.S. government defaulted on its debt.
If it took multiple debt ceiling hikes, I’d rather achieve the savings.
There are no shortcuts when it comes to getting out of debt.
I don’t come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt.
The men and women on the front lines of the war on terror continue to risk their lives to save ours – and for that we owe them a debt that we can never truly repay. Thanks to their efforts we have made tremendous progress. Yet, the job is not done.
The amount of U.S. debt held by countries such as China and Japan is at a historic high, with foreign investors holding half of America’s publicly held debt. This dependence raises the specter that other nations will be able to influence our policies in ways antithetical to American interests.
As our nation’s student debt crisis has reached a breaking point, we’ve been hearing lots of talk about student loan forgiveness. It’s taken me 20 years to forgive myself for my loan – and just as long to pay it off.
The Latin American debt that reached crisis levels from 1982 would have been sharply reduced by return of flight capital – in some cases, overcome, though all figures are dubious for these secret and often illegal operations.
Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency.
Stress means something different if it is the result of rewarding work rather than struggling to keep the family out of debt.
We are a big country, with lots of advantages and history. We are proud to be French. We have to call on patriotism at this time… to ask for an effort in the battle against debt.
Debt can be the most addictive thing in the universe, and it can kill you. You get used to living high off the hog. It was intoxicating.
Honest people can disagree on policy. But where there can be no honest disagreement is the need to change our nation’s debt course.
Ron Paul’s crazy talk about the Federal Reserve makes more sense these days. Right now, every – all this debt issued by the United States people assume the Chinese are buying, no they don’t want any more American debt. Ron Paul has a point there.
The capitalist system is about taking from the Earth and from the other great commodity, labour. What’s happening with this system is that the rich are getting richer and the poor are getting poorer, and the only way out of it is supposed to be growth. But growth is debt. It’s going to make the situation worse.
Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.
I believe that if we do not prevent Medicare from going bankrupt, it will go bankrupt. And that will be bad for everybody. We have to tackle our debt crisis. We have to tackle the drivers of our debt.
Our growing national debt is a threat to our national defense and to our domestic priorities, including research and development, education, health care, and investments in our economic growth.
War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.
Using taxes to punish the rich, in reality, punishes everyone because we are all interconnected. High taxes and excessive regulation and massive debt are not working.
During the 2016 presidential campaign, candidate Donald Trump pledged to eliminate our national debt ‘over a period of eight years.’ Now two years into his administration, our national debt has increased, surpassing $21 trillion for the first time in American history.
In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared.
I put myself in debt to get to the NBA.
Judaism for me is a sensibility of collective self-questioning and uncomfortable truth-telling. I feel a debt of responsibility to this past. It is why I am Jewish.
The eyes of the world are fixed on the U.S. to see if we have the political courage and moral sense to solve our debt crisis.
The middle and working classes are paying the debt that the financial markets created.
Student loan debt is the reason I don’t advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
Congress needs to stop kicking the proverbial spending can down the road and make the hard decisions necessary to rein in our debt and balance the federal budget.
Borrowing isn’t inherently bad; it depends a lot on what the debt is financing.
I think we are not serious about attacking the long-term debt problem, and that’s one of the things that he’s going to have to find a way to get on the agenda.
Move to Italy. I mean it: they know about living in debt; they don’t care. I stayed out there for five months while I was making a film called ‘Order Of Death,’ and they’ve really got it sussed. Nice cars. Sharp suits. Great food. Stroll into work at 10. Lunch from 12 till three. Leave work at five. That’s living!
Not raising the debt ceiling does not trigger a default, because we’ve got enough money to service our debts. Default is when you can’t service your debt.
The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following Anglo taking control of the Quinn Group of companies, which I and a loyal team spent a lifetime building.
The Fair Debt Collection Act was passed in 1977, and there were never any provisions for rules to be written under it, so it hasn’t kept pace with the times.
China does not play by the rules; they do not respect the rules. They develop projects that are not feasible, leaving countries with huge debt that cannot be paid back and use that as financial leverage.
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.
I want to say to you Indiana people that I owe you a big, big debt of gratitude because nowhere in the world is a sporting group followed more than this state follows basketball. And I just want to thank you for the opportunity that I had to coach in this state – it will always be something that I will cherish.
LFC is not servicing debt other than stadium debt.
I owe baseball all that I have and much of what I hope to have. Baseball made my entrance to the film industry immeasurably easier than I could have made it alone. To the greatest game in the world I shall be eternally in debt.
I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn’t care about piling up debt.
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.
Raising the debt limit on some levels is a ministerial act. It doesn’t involve any new spending.
Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.
I would almost rather be in debt constantly than work with horrible people that I hate.
By teaching twenty-something year olds responsible debt management practices, we can help them create a balanced lifestyle and find peace of mind through increased financial awareness, smart saving and long-term investing.
We have to honor our commitments to today’s beneficiaries, but we can’t solve the growing deficit and debt problems unless we are smart, courageous, and sensible in planning for future.
If you have debt, you have to worry about it. I would challenge each of you to try to be debt-free.
We can all agree that we need to be helping small businesses. All of us can agree that the cost of higher education is too high, and college debt is too big of a burden for young people.
The debt we owe to the play of imagination is incalculable.
Social Security is legally prohibited from contributing to the deficit. It cannot use debt to pay out benefits.
We owe our World War II veterans – and all our veterans – a debt we can never fully repay.
No country can be complacent in making sure that excessive debt of the household doesn’t create excesses and weaknesses in the financial system. Everything is interconnected.
‘Toonami’ was a tremendous vehicle, delivering the art of Japanese animation to a massive audience that may have otherwise never experienced it. I feel an immense debt of gratitude to everyone involved with the show and to every fan who supported it.
President Obama’s reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring.
I was at a point in my career where I longed for a bigger stage, a brighter light, and I’m very grateful to ‘Dancing With the Stars‘ for allowing me to become part of that incredible production and incredibly talented cast. I am forever in debt to them for that opportunity.
There are only two honest ways to reduce our debt: cut spending or raise revenues.
Today, as we look back on the history of our nation and take note of how far we have come as a people, we are reminded that we owe a great debt to those who fought valiantly for the freedoms that we easily take for granted.
Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.
Ever since going up to university, I have accumulated new debt, and new means of becoming indebted.
Without growth we can’t pay down our debt, and without growth there’s no money for welfare.
Too many Americans are out of work, and our debt is out of control.
Debt is one person’s liability, but another person’s asset.
Were I more conversant with literature and its great names, I could go on quoting them ad infinitum and acknowledge my debt for the merit you have been generous enough to find in my work.
The interesting thing about debt in most cases is that you have to pay it back. So if you build an overhang of debt, it becomes more and more limiting in terms of the prospect that you have.
If we hit the debt ceiling, that’s… essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic.
Debt is a mistake between lender and borrower, and both should suffer.
There are no debt payments that can be sustained if the country does not grow.
I do worry that as we try to fix this long-term debt and deficit situation that we don’t destroy the market incentives for biomedical research. What I fear is the government using its considerable clout to say, ‘Here’s the price we’re setting for your medicines.’
Serious people need to work hard to reduce the debt, reduce taxes, and slash regulation on the small businesses and families that are the lifeblood of new jobs and innovation in our state.
At my lowest point, I was nearly $700,000 in debt.
Young people deserve stable employment opportunities and not mountains of debt. When young people can access the middle class, America is strengthened.
We all think we’re going to get out of debt.
From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations – and the truly delusional idea that growing federal debt doesn’t matter because we owe most of it to ourselves.
You know those movies where the people in the audience are screaming, ‘Don’t go in that door!’ because you know the killer is there? Well, it is the same thing with this debt. We know how this ends.
I am very glad that Paul Ryan left the government as a capitulating supplicant to Donald Trump while the government was shut down, while the debt hit record levels, right? Every single thing Paul Ryan claimed to care about.
The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don’t things are just going to head in a direction that’s going to be almost impossible to recover from.
To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.
There are huge misconceptions about people on benefits. They are labelled scroungers or cheats. The reality is that many who need that level of support are working, but their income is not enough to get out of debt or pay for basics like food and household bills. It’s so close to the way I grew up.
We prefer an orderly resolution to the debt crisis and we’re moving in that direction. But the most important thing is that the deal we reach with creditors is sustainable.
My mother Molly had a nervous breakdown after my father Chic died, aged 50. He was a very generous man who ran a shop in Dundee giving a lot of people tick. When he died, a lot of people hadn’t paid their bills, so he died with a lot of debt. After he died, my mother went doolally.
Getting a family into work, supporting strong relationships, getting parents off drugs and out of debt – all this can do more for a child’s well-being than any amount of money in out-of-work benefits.
We tell people to go to college, but when they cross the stage, they cross the stage with a degree in one hand and debt in the other that stifles their ability to be able to live that good life.
As with oil, water exploitation raises an inter-generational debt that will be hard to repay.
Worrying is like paying on a debt that may never come due.
My grandfather came to Canada from Romania just before the Second World War, already in debt after buying his boat ticket on borrowed dime.
It’s a little hard to go out there and spend your money on a home, car, or goods and services if your wages are being garnished to make debt collectors rich.
Poverty is about people lacking the tools they need to get on in life. And solving it is about tackling educational failure, antisocial behaviour, debt problems and addiction, and of course it’s about work.
I’ve always thought that as long as directors and casting directors don’t see me as just Harry Potter, I’ll be OK. People have shown a lot of faith in me, and I owe them a huge debt. They’re letting me prove that I’m serious about this.
Good debt accrues assets that generate positive returns and externalities.
It has been suggested that those of us who are fighting to defend liberty – fighting to turn around the out-of-control spending and out-of-control debt in this country, fighting to defend the Constitution, it has been suggested that we are wacko birds.
How can we pressure China on North Korea if China’s one of the two largest holders of American debt?
