Debt Quotes
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The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.
Carmen Reinhart
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We preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe.
Nicholas von Hoffman
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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
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The best way for the Government to maintain its credit is to pay as it goes-not by resorting to loans, but by keeping out of debt-through an adequate income secured by a system of taxation, external or internal, or both.
William McKinley
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To withhold deserved praise lest it should make its object conceited is as dishonest as to withhold payment of a just debt lest your creditor should spend the money badly.
George Bernard Shaw
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What is certainly clear is that again and again, countries, banks, individuals, and firms take on excessive debt in good times without enough awareness of the risks that will follow when the inevitable recession hits.
Carmen Reinhart
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Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.
Bernard Lietaer
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The economy needs a stimulus. We MUST borrow. The notion of debt as a sin or something evil should be reviewed.
Babatunde Fashola
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Debt rolls a man over and over, binding him hand and foot, and letting him hang upon the fatal mesh until the long-legged interest devours him.
Henry Ward Beecher
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Now a promise made is a debt unpaid, and the trail has its own stern code.
Robert W. Service
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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.
Athanasios Orphanides
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It would be a very odd chancellor of any UK government that insisted on a course of action that cost their own businesses hundreds of millions of pounds, that blew a massive hole in their balance of payments and, because assets and liabilities go hand in hand, would potentially leave the rest of the UK shouldering the entirety of UK debt.
Nicola Sturgeon
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If you're considering going into student debt, I encourage you to seek the Lord's will through the reading and study of His Word, prayer, and the wise counsel of others before you make the decision to take out a loan.
Randy Alcorn
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We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
Paul Krugman
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Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.
Addison Wiggin
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The rich man who gives to the poor does not bestow alms but pays a debt.
Ambrose
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Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.
David Stockman
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The young women of today, free to study, to speak, to write, to choose their occupation, should remember that every inch of this freedom was bought for them at a great price. It is for them to show their gratitude by helping onward the reforms of their own times, by spreading the light of freedom and of truth still wider. The debt that each generation owes to the past it must pay to the future.
Abigail Scott Duniway
