Americans In Debt Quotes & Sayings

I think people are confused about what the Tea Party is. I mean, they were a broad cross-section of Americans who came together concerned about our debt and our spending. And they're interested in constitutional, limited government. And so they're not one group of people. They're thousands of small groups all over the country. — Jim DeMint

The amount of new lending was mind-boggling: between 2003 and 2005, outstanding mortgage debt in America grew by $3.7 trillion, which was roughly equal to the entire value of all American real estate in the year 1990 ($3.8 trillion). In other words, Americans in just two years had borrowed the equivalent of two hundred years' worth of savings. — Matt Taibbi

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. — Ahmed Chalabi

As far as they were concerned, if the U.S. government did not extinguish its debt, there would always be public creditors. Those creditors, who would come from among the wealthiest Americans, would support the U.S. government. The Union would thus be cemented. Madison cooperated closely with Hamilton and — Kevin R.C. Gutzman

The truth is we need to build an economy going forward with all of us, when we all move forward and the payment of a national debt is not the responsibility of one group of Americans versus another. — Paul Sadler

And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments, so that student debt doesn't derail anyone's dreams. — Barack Obama

Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt. — Hank Johnson

Let us pause and reflect upon the many blessings we as Americans have received from our Constitution and the debt of gratitude we owe those heroic signers. As we do so, we might also recognize that freedom is not free. Sacrifice has been required to protect and to preserve the very freedoms we cherish. — Thomas S. Monson

Americans refused to see accidents as accidental. They did not comprehend they while tragedy always exacts a formidable price, it rarely incurs a debt. — Julia Glass

To those of you mourn the loss of a loved one today, my heart goes out to you. We remember that the blessings that we enjoy as Americans came at a dear cost. Our nation owes a debt to its fallen heroes that we cannot ever fully repay. But we can honor their sacrifice, and we must. We must honor it in our own lives by holding their memories close to our hearts, and heeding the example they set. — Barack Obama

Somebody gotta tell you this:
Cancer kills way more Americans than any Arabic terrorist.
We use more money to fight them than finding a cure,
So a little kid sits there with his chemo-therapist.
Hair falling out while his vital signs weaken ...
He'll be dead while his parent are in debt for his treatment. — Crooked I

If Americans are frustrated with Congress, imagine their frustration with a group of international bank officials running our ecomomy-bankers who may not have as their motive either to see us out of debt to them or to strengthen our economy, society, international influence, or other elements of our way of life. — Oliver DeMille

Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority. — Bernie Sanders

The American way is the way most law-abiding Americans live - in debt. Does this make a balanced budget un-American? — Cullen Hightower

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

In terms of sources coming forward, I really reject this idea of talking about one, two, three sources. There are many sources that have informed the reporting we've done and I think that Americans owe them a debt of gratitude for taking the risk they do. — Laura Poitras

Most Americans stopped looking at what was happening through a variety of coping mechanisms - starting with women entering paid work and then everyone working longer hours and using their homes for raising equity and generating more money through debt. The typical household basically staved off the day of reckoning. — Robert Reich

We are tasked to rebuild not just a damaged economy, and a debt-ridden balance sheet, but to do so by drawing forth the best that is in our fellow citizens. If we would summon the best from Americans, we must assume the best about them. If we don't believe in Americans, who will? — Mitch Daniels

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.' — James Surowiecki

After adding trillions to the debt on big-government policies most Americans didn't ask for and which we couldn't afford, Democratic leaders say they need more money, which they intend to take from small business, even though small businesses create the majority of new jobs. — Mitch McConnell

Why certain political classes want purposefully to keep Americans in a state of perpetual debt and uncertainty and why certain people don't want a middle class - because middle class creates a certain happiness. You know what I mean? — John Hodgman

The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts of ordinary Americans. — Michael Lewis

As the U.S. did during the Space Race, we must invest in our businesses and intellect to ensure America leads the clean energy economy of the future. As we all know, the best way to reduce our deficit and bring down our debt is by putting Americans back to work. — Paul Tonko

In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, 'we must spend now as an investment for the future' ... instead of saving for the future, we must spend for the future. — Peter Schiff

Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card. We — Dave Ramsey

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. — Paul Ryan

Too many Americans are out of work, and our debt is out of control. — Susana Martinez

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. — Peter Welch

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. — Eliot Engel

I've said that we're going to produce real results for the American people because so many Americans feel left out and left behind, they think the economy has failed them, they think our government has failed, they can't stand the gridlock and dysfunction in our politics, and I'm determined to produce more good jobs with rising incomes, and deal with all of the concerns that families have about education, college affordability, student debt. — Hillary Clinton

The combination of these two trends - declining real wages and inflated asset prices - led the American middle class to use debt as a substitute of income. People lacked adequate earnings but felt wealthier. A generation of Americans grew accustomed to borrowing against their homes to finance consumption, and banks were more than happy to be their enablers. In my generation, second mortgages were considered highly risky for homeowners. The financial industry re-branded them as home equity loans, and they became ubiquitous. Third mortgages, even riskier, were marketed as 'home equity lines of credit. — Robert Kuttner

I think Americans are - particularly, independent voters are looking at Washington, and they see too many taxes, too much spending, too much debt, too many Washington takeovers, and they want to provide a check and a balance to what they see as a runaway, overreaching Washington government. — Lamar Alexander

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt. — Barack Obama

Obama called on Americans to have more grandchildren. Probably so there's more of them to pay off our debt. — Jay Leno

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. — David Graeber

In our observances this Memorial Day, we honor the brave Americans who paid the highest price for their commitment to the ideals of peace, freedom, and justice. Our debt to them can be paid only by our own recommitment to preserving those same ideals. — Ronald Reagan

In the West, we have become addicted to work. Americans now work the longest hours in the world. And the result is not health, wealth and wisdom, but rather a lot of anxiety, a lot of ill health and a lot of debt. — Tom Hodgkinson

In 2001, the oil companies, the war contractors and the Neo-Con-Artists seized the economy and added $4 trillion of unproductive spending to the national debt. We now pay four times more for defence, three times more for gasoline and home-heating oil and twice what we payed for health-care. Millions of Americans have lost their jobs, their homes, their health-care, their pensions; trillions of dollars for an unnecessary war payed for with borrowed money. Tens of billions of dollars in cash and weapons disappeared into thin air at the cost of the lives of our troops and innocent Iraqis, while all the President's oil men are maneuvering on Iraq's oil. Borrowed money to bomb bridges in Iraq, Afghanistan and Pakistan. No money to rebuild bridges in America. Borrowed money to start a hot war with Iran, now we have another cold war with Russia and the American economy has become a game of Russian roulette. — Dennis Kucinich

For too many years, politicians in Washington have been eager to pledge more hard-earned taxpayer dollars to help deal with the student debt load. But this doesn't sit right with the many Americans who take pride in making fiscally responsible choices and paying off their loans on time. — John Kline

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. — Mike Lee

If you are debt free and got $10 in your pocket, you are already wealthier than 25% of Americans. — Celso Cukierkorn

Currently we're suffering from the fear instilled into Americans that another 9/11 is just around the corner. We've also been brainwashed into believing the Federal Reserve just saved us from a total financial collapse in the past seven years even though the Fed was one of the most important causes of the crisis. To deal with the threats of another attack and another financial crisis we are expected to complacently accept endless spending, endless debt, endless bailouts, endless inflation by the Federal Reserve, endless spending by the Congress, and even endless war. — Ron Paul

He economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt. — Denis Hayes

The crash of 2008 ought to have thrown a bucket of cold water over the excited futurologists. Open societies suffered far more than closed regimes. A member of the Central Committee of the Chinese Communist Party was entitled to wonder why Americans were telling him he must allow free speech when China was booming and the First Amendment had not stopped debt-laden America going through a deep recession. — Nick Cohen

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

All Americans owe a tremendous debt of gratitude to George Washington's secret six. — Brian Kilmeade

We [Americans] inherited British law, which is like the new "reforms" that are being made now, in the sense that people are permanently entrapped in debt, if they once fall into bankruptcy. The reason that the law was changed in American history - the whole early period of the formation of the country was moving away from British law into a law that is generated here and that conforms to the sense of what is appropriate here. — Marilynne Robinson

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. — Donald Trump

That was a version of history reliant on a narrow range of official summaries and gubernatorial archives created and archived by the most dubious sources - southern whites who engineered and most directly profited from the system. It overlooked many of the most significant dimensions of the new forced labor, including the centrality of its role in the web of restrictions put in place to suppress black citizenship, its concomitant relationship to debt peonage and the worst forms of sharecropping, and an exponentially larger number of African Americans compelled into servitude through the most informal - and tainted - local courts. — Douglas A. Blackmon

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. — Ron Fournier

Americans spend much of their adult lives paying taxes in various forms. We should end this practice of paying a tax that is triggered only by debt. — Jennifer Dunn