Top 100 Quotes About Debt
#1. I'm a true reactionary. Like all patricians, I'd like to restore the original republic, which we lost 40 years ago when Harry Truman imposed the national security state on us, which has kept us at war, hot or cold, for almost half a century, and it's got us $4 trillion into debt.
Gore Vidal
#2. The majority of them give the impression of being men who have been drafted into the job during a period of martial law and are only waiting for the end of the emergency to get back to a really congenial occupation such as slum demolition or debt collecting.
Alan Brien
#3. I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.
Alan Greenspan
#4. We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.
John Spratt
#5. Bless the children, for the national debt is theirs.
Herbert Hoover
#6. Our health-care morass is like the problems of global warming and the national debt - the kind of vast policy failure that is far easier to get into than to get out of. Americans say that they want leaders who will take on these problems.
Atul Gawande
#7. The top threat that gets very little focus from Washington these days is what Adm. Mike Mullen identified as the biggest threat to the U.S.: the American debt.
Mark Sanford
#8. We need to focus on getting people back to work, focus on jobs, the economy, the debt and the spending. That's what will improve the quality of life for American families and for hard-working taxpayers.
John Barrasso
#9. The debt immense of endless gratitude, So burthensome, still paying, still to owe; Forgetful what from him I still receivd, And understood not that a grateful mind By owing owes not, but still pays, at once Indebted and dischargd; what burden then?
John Milton
#11. After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.
John Sununu
#14. The best way to get out of debt is not to seek to get out of debt, but to seek to create wealth
David Mitchell
#15. The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that's 'too big to fail' to actually fail.
Jerry A. Webman
#16. The call for debt cancellation is welcome, but debt does not just go away.
Noam Chomsky
#17. 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.
Cathy McMorris Rodgers
#18. All Americans owe a tremendous debt of gratitude to George Washington's secret six.
Brian Kilmeade
#19. Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.
Jean Chatzky
#20. And that's how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.
Elizabeth Warren
#21. If you lose control of your debt and deficit, you get massive cuts in things such as health and education. You get appalling insecurity, jobs lost, firms going overseas.
David Cameron
#22. You're my friend, Danny. You understand? There's no debt between friends.
Maybe it's just that the debt gets so high you stop counting it.
Lilith Saintcrow
#23. A point must be repeated: only the pathological weakness of the financial memory ... allows us to believe that the modern experience of ... debt ... is in any way a new phenomenon.
John Kenneth Galbraith
#24. Without any formal personal finance education or trustworthy resources to tell them otherwise, the majority of people in the 18-to-24-year-old age bracket do not know how to use credit effectively, tackle debt or make wise decisions when it comes to spending.
Alexa Von Tobel
#25. 100% of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.
Ronald Reagan
#26. The slender debt to Nature's quickly paid,Discharged, perchance, with greater ease than made.
Francis Quarles
#27. Are we as willing to go into debt for the work of God as we are for a vacation to Hawaii?
Erwin W. Lutzer
#28. Spain is finding it very difficult to finance itself with sovereign debt risk premium so high.
Mariano Rajoy
#29. The baby boomers owe a big debt of gratitude to the parents and grandparents - who we haven't given enough credit to anyway - for giving us another generation.
Steven Spielberg
#30. The fact that mathematics does such a good job of describing the Universe is a mystery that we don't understand. And a debt that we will probably never be able to repay.
William Thomson, 1st Baron Kelvin
#31. Debt is a trap which man sets and baits himself, and then deliberately gets into.
Josh Billings
#32. In the mid-1980s, the ratio of debt to personal disposable income for American households was 65 percent. During the next two decades, U.S. household leverage more than doubled, reaching an all-time high of 133 percent in 2007.
Katherine Porter
#33. This country owes them all a debt of gratitude. The down payment on that debt is making sure that we live up to Lincoln's charge: to care for him who shall have borne the battle, and for his widow, and his orphan.
Dave Obey
#34. And here's the fact: the fact is it doesn't solve the problem. First of all, if you taxed these people at 100 percent, basically next year you said, 'Look, every penny you make next year the government's going to take it from you,' it still doesn't solve the debt.
Marco Rubio
#35. We ask these players to do some very difficult things, for the team, the coaching staff, the school - at risk of injury. And when they do those things, I feel as if I'm in their debt. It's an honor to coach those guys. I want to be of service to them.
Les Miles
#36. Being instinctively lazy, I see no point in working longer hours just to get out of debt !
L.G. Durand
#37. It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
Daniel Akaka
#38. A PERSON WHO CANNOT FORGIVE HAS FORGOTTEN HOW GREAT A DEBT GOD HAS FORGIVEN THEM.
John Bevere
#39. Tea Partiers hate government more than they hate the national debt. They refuse to reduce that debt with tax increases, even with tax increases on the wealthy, because a tax increase doesn't reduce the size of government.
Robert Reich
#40. The only way you can raise the debt ceiling is to change the trajectory of spending - that's my personal preference. But I want the Ways and Means Committee to offer up a solution.
Jason Chaffetz
#41. I don't like being in debt, and I wouldn't borrow money for anything.
Cameron Mackintosh
#42. Without a trace of irony I can say I have been blessed with brilliant enemies. I owe them a great debt, because they redoubled my energies and drove me in new directions.
E. O. Wilson
#43. 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.
Hill Harper
#44. [Debt] It has driven thousands to drink, and the worry and anxiety it has created have literally taken the lives of many of our ablest men. It has prostrated individuals, enterprises and nations ...
Stephen L. Richards
#45. Worrying is like paying a debt you don't owe.
Mark Twain
#46. I'm very proud of the fact that I voted against the Iraq war. And proud that I voted strongly not for students to be saddled with thousands and thousands of pounds worth of debt.
Jeremy Corbyn
#47. I am a firm believer in reincarnation for people who either have more work to do or have so much debt to pay back that they have to be here.
Prince
#48. A world in which government is burdened by historic debt, philanthropy has limited resources, and the private sector is only interested in its own personal gain is simply unsustainable.
Simon Mainwaring
#49. Basically, Herman van Rompuy wants the European Union to become a debt union, which may be acceptable to some of the southern countries who are effectively bust. To the northern countries, it is not.
Nigel Farage
#50. 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.
Harvey Weinstein
#51. There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Ray Dalio
#52. Karma: The delusion of the pretentious; who think the Universe should act as their debt collector.
Steve Maraboli
#53. The spirit in which a thing is given determines that in which the debt is acknowledged; it's the intention, not the face-value of the gift, that's weighed
Seneca The Younger
#54. Debt is part of the human condition. Civilization is based on exchanges - on gifts, trades, loans - and the revenges and insults that come when they are not paid back.
Margaret Atwood
#55. To bring down your credit card balances, write down the benefits of reducing your debt. No more gnawing feeling that you're throwing money away, perhaps. More money flowing to other financial objectives. Then consult the list when you have doubts.
Jean Chatzky
#56. If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey Sachs
#58. We see young men who owe us a new world, so readily and lavishly they promise, but they never acquit the debt; they die young anddodge the account: or if they live, they lose themselves in the crowd.
Ralph Waldo Emerson
#59. But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
Suze Orman
#60. I would be embarrassed to tell you how many folks ran saying that they weren't going to spend a bunch of money, they weren't going to raise the debt ceiling, and then they went to Washington, D.C., and did exactly that.
Mick Mulvaney
#61. I love Black Sabbath. They made an amazing contribution to music today. Almost every band that made it big in the Nineties owed a debt to them
Dave Grohl
#62. The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.
William J. Clinton
#63. Our nation stands at the crossroads of liberty. Crushing national debt, rampant illegal immigration, insane business regulations and staggering national unemployment are pushing our nation into unchartered territory.
James Lankford
#64. Debt basically enables people to live a lie.
Rachel Cruze
#65. I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more
Alan Greenspan
#66. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges, at the hands of men, who control the fictitious value of gold. Interest is the invention of Satan.
Thomas A. Edison
#67. If it took multiple debt ceiling hikes, I'd rather achieve the savings.
Bob Corker
#68. If your heart beats like a drum, and your legs a little wet, it's because the Reaper's come to collect a little debt.
Pierce Brown
#69. We [USA] have a $16 trillion debt which these tax increases will do nothing to solve and you will have at least 200,000 less jobs next year than you have now. And the people who vote for that will be responsible for that decision and they will held accountable for that terrible public policy.
Marco Rubio
#70. If you fail to pay your minimums for any debt on time, your credit score will take a major hit and you run the risk of seeing the interest rate on all of your cards go up. An easy way to remind yourself to pay, is to sign up to receive your statements via e-mail.
Alexa Von Tobel
#71. Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
Mark Zandi
#72. Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C.
Dan Benishek
#73. But the basic principle that we're gonna have to see some of this debt written down, that the government is gonna have to support some banks, that others that are not - not viable, essentially that we're gonna have to - do something with those assets.
Barack Obama
#74. 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.
John Spratt
#75. As the United States chains itself down with greater debt, China is building relationships across the globe to bolster its trade, its access to natural resources, and its energy consumption. In far too many cases, this means lost opportunities for America and our businesses.
Reince Priebus
#76. The United States has an incredible debt. That is obviously not the way to live. You have to eliminate waste in your life as the United States has to eliminate waste in its spending.
Frederick Lenz
#77. 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.
Karl Rove
#78. Ten million dollars after I'd become a star I was deeply in debt.
Sammy Davis Jr.
#79. 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.
Alexa Von Tobel
#80. 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.
Cathy McMorris Rodgers
#81. Ever since going up to university, I have accumulated new debt, and new means of becoming indebted.
Michael Gove
#82. Older couples bring obligations such as support payments and debt as well as decades of financial experience to a marriage.
Jean Chatzky
#83. Always remember this, Henri. Men trade for profit. They are driven by greed. But debt is about fear, and fear is stronger than greed. The true power, the weapon that defeats all others, is debt. Fools search for gold. The wise man studies debt. That is the key to all business.
Edward Rutherfurd
#84. 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.
Jesse Jackson
#85. I can tell you this, if it wasn't for my book royalties, I'd be in debt.
Benny Hinn
#86. 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.
Rand Paul
#87. There are four headwinds that are just hitting the American economy in the face: They're demographics, education, debt and inequality, [and] they're powerful enough to cut growth in half.
Robert J. Gordon
#88. To forgive someone means to let him off the hook, or to cancel a debt he owes you. When you refuse to forgive someone, you still want something from that person, and even if it is revenge you want, it keeps you tied to him forever.
Henry Cloud
#89. A theology that does not build on the past ignores our debt to history and naively overlooks the fact that the present is conditioned by history. A theology that relies upon the past evades the demands of the present.
Greg Nichols
#90. When a man is in love or in debt, someone else has the advantage.
Bill Ballance
#91. Will I obliterate national debt? Sure, why not?
Pat Paulsen
#92. A Home without Equity Is Just a Rental with Debt,
Michael Lewis
#93. Allowing a private rather than a public entity to take over your toll road merely means that your tolls will have to be that much higher to cover their more expensive debt.
Thomas Frank
#94. No debt, no borrowing. There can be no freedom or beauty about a home life that depends on borrowing and debt.
Henrik Ibsen
#95. I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
Warren Buffett
#97. God taking from us and loving us at the same time by providing comforters was a kind of spiritual equanimity. It seemed a phenomenon of life how a death insinuates us into the debt of those who stand by us in trouble and console us.
Susan Vreeland
#98. My debt to you, Beloved, is one I cannot pay, in any coin of any realm, on any reckoning day.
Jessie B. Rittenhouse
#99. China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important.
Juan Enriquez
#100. The church is often called a killjoy for protesting against sexual license. But the real killing of joy comes with the grabbing of pleasure. As with credit card usage. the price tag is hidden at the start, but the physical and emotional debt incurred will take a long time to pay off.
N. T. Wright
