Quotes & Sayings About Debt

I been running up a bill with the devil ever since, and now he's come to collect on the debt. — Steven B. Weissman

The bank wanted me to sell those customers that debt, because the system needs you to buy that new car, that holiday to Barbados, that latest iPhone or that new extension you've always been dreaming off. The banks are happy to let you do it with their high interest credit products, and they want me to be the guy that sells the idea to you. I was serving the machine that was enslaving me. — K.A. Hill

If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum payment and encourage people to pay off their credit cards, we're going to make less money, but we're going to have costumers that are more solvent. — Richard Thaler

Let's adopt some short-term strategies to get growth going and then let's have a long-term debt reduction package. That's what I think we should do and I think it will work. — William J. Clinton

If there is any substance in what I have said, will not the great missionary bodies of India, to whom she owes a deep debt of gratitude for what they have done and are doing, do still better and serve the spirit of Christianity better by dropping the goal of proselytising while continuing their philanthropic work? — Mahatma Gandhi

As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street It's the growing federal debt (and weakening dollar) being enacted by those Washington politicians - the ones who want to protect us from Wall Street. — Tony Blankley

If you borrow money to make money, you've done something magical. On the other hand, if you go into debt to pay your bills or buy something you want but don't need, you've done something stupid. Stupid and short-sighted and ultimately life-changing for the worse ... — Seth Godin

A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money. — G. Gordon Liddy

From this day, you are no longer children. If you have to fight, even if it is a friend, put him down as fast and hard as you possibly can. Kill if you have to, or spare him - but beware putting any man in your debt. Of all things, that causes resentment. Any warrior who raises his fist to you must know he is gambling with his life and that he will lose. If you cannot win at first, take revenge if it is the last thing you do. You are traveling with men who respect only strength greater than theirs, men harder than themselves. Above everything else, they respect success. Remember it. — Conn Iggulden

People from the world's richest countries should be prepared to accept the burden of debt reduction for heavily indebted poor countries, and should urge their leaders to fulfill the pledges made to reduce world poverty, especially in Africa, by the year 2015. — Pope Benedict XVI

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. — Evo Morales

One of the greatest disservices you can do a man is to lend him money that he can't pay back. — Jesse H. Jones

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. — Michael Hudson

Fiat-money! Let the State 'create' money, and make the poor rich, and free them from the bonds of the capitalists! How foolish to forego the opportunity of making everybody rich, and consequently happy, that the State's right to create money gives it! How wrong to forego it simply because this would run counter to the interests of the rich! How wicked of the economists to assert that it is not within the power of the State to create wealth by means of the printing press!- You statesmen want to build railways, and complain of the low state of the exchequer? Well, then, do not beg loans from the capitalists and anxiously calculate whether your railways will bring in enough to enable you to pay interest and amortization on your debt. Create money, and help yourselves. — Ludwig Von Mises

What we call debt is a hump on our backs; it is an awkward load that crushes one; and loads are carried only by stupid animals, by camels, mules, and donkeys; the back of an intelligent person is flat! — Mehmet Murat Ildan

What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation. — Barack Obama

We owe an historic debt to American Indians. They have a unique set of concerns that haven't been addressed, and I'd like to stand with them. Also, I'd like to get their views on immigration. — Al Franken

I often would think about how we have built our society, and when you describe it out loud, it sounds rather insane. The idea of being funnelled through a conventional life progression of education, work, career, marriage, kids, divorce, retirement and then death doesn't seem that inspiring to me.
Then we're told we have to struggle to make a living, sacrifice enjoyment to have a family, delay our happiness until we're retired, fight the next person for a job, climb the ladder of success to get an even more stressful job,
spend more money than we earn, go into debt, live in fear of being blown up by some terrorist and then have TV passed off as the only way to escape it all. And when all of this gets too much and you can't keep up, you get prescribed antidepressants and made to feel like you've failed. — Josh Langley

Just praise is only a debt, but flattery is a present. — Samuel Johnson

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

Music is the one thing on this earth that allows us to be truly free.
Music has no boundaries or rules and never asks for anything in return, only that you listen to it.
It can make you cry tears that you thought you never had.
It can also inspire you to fight on, when all hope is lost.
For that, I am forever in your debt — Harry

For a hundred years we have been one of the largest oil-producing countries in the world but with a 60 percent poverty rate and now we are canceling the historical debt. — Hugo Chavez

Troy went into debt and bought his new equipment because he didn't want to be held back by demanding circumstances. — Wendell Berry

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. — Roger Altman

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

Weak banks endangered sovereigns that were called upon to save them, and weak sovereigns endangered banks holding bonds at risk of default. Recession worsened the debt ratio, but austerity to reduce borrowing suppressed growth, or caused even worse recession. — John Peet

When I treat other people with kindness and love, it is part of my way of paying my debt to God and the world for the privilege of living on this planet. — Ben Carson

Burlesque girls were alchemists. They were steel-tough performers who were willing to use kitchens as dressing rooms, haul their costume bags through the snow, and go into debt over fake diamonds, all for the five minutes onstage when they were goddesses. — Molly Crabapple

Face the fact that there's only one sure-fire way to erase credit card debt. By picking up a big, shiny pair of scissors and cutting your wife in half. — Bill Maher

If you really want to get rid of the problems in the NFL, put Obama in charge of it: in a few months it will be so deep in debt it will have to go out of business - no more concussions. — Rush Limbaugh

I made one mistake. Who doesn't? But I despised men who accepted their fate. I shaped mine twenty times and had it broken twenty times in my hands. Of course it left me deformed and unserviceable, defective and dangerous to associate with. ... But what in God's name has happened to charity? ... Self-interest guides me like the next man but not invariably; not all the time. I use compassion more than you do; I have loyalties and I keep by them; I serve honesty in a crooked way, but as best I can; and I don't plague my debtors or even make them aware of their debt. ... Why is it so impossible to trust me? — Dorothy Dunnett

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

It's not long-term debt if the money is immediately paid back. — Roy Blunt

There is nothing that anyone can get past a forty-five-year-old woman." We laugh hard, the first honest sound I make that afternoon, or in many days, each of us feeling the ravages of experience, our debt to enduring. We are not to be fucked with. We rule. Even as we age and help our children push past us, as we worry about the estimate for the roof, forget things we meant to do, regard our widening bodies, we rule. We've returned again and again to our original selves for another look; we have refined our purpose. Changes we thought we'd been resisting have anyway been wrought, and they have made us unbreakable. — Susanna Sonnenberg

My profession lent itself nicely to my vocation for heights. It freed me of any bitterness towards my fellow men, who were alwaysin my debt, without my owing them anything. It placed me above the judge whom, I in turn judged, above the defendant whom I forced into gratitude. — Albert Camus

To free a man from error is not to deprive him of anything but to give him something: for the knowledge that a thing is false is a piece of truth. No error is harmless: sooner or later it will bring misfortune to him who harbours it. Therefore deceive no one, but rather confess ignorance of what you do not know, and leave each man to devise his own articles of faith for himself. — Arthur Schopenhauer

I try to assure myself that "everyone's in debt nowadays" but the fact of it being an epidemic doesn't help one iota, any more than the knowledge of being swept up in a fatal plague would aid in any practical way the infected individual. — Steve Toltz

Perhaps I don't express myself very well. But you all demand so much from life--you're never satisfied. In the old days, a poor man was content if he had something to eat and a roof over his head. Nowadays, everything has to be so high-and-mighty. Everything you set your minds on, you have to have, whether you can afford it or not.... And everyone's up to their eyebrows in debt... A fat lot of use it is having schools, books and I don't know what! In the old days we used to be a lot more reasonable. — Hedin Bru

And then the man reminded Max, with a serious but suave and practiced air, that freedom was a debt that could be repaid only by purchasing the freedom of others. — Michael Chabon

To it that no one takes you captive by philosophy and empty deceit, according to human tradition, according to the elemental spirits[1] of the world, and not according to Christ. 9For in him the whole fullness of deity dwells bodily, 10and you have been filled in him, who is the head of all rule and authority. 11In him also you were circumcised with a circumcision made without hands, by putting off the body of the flesh, by the circumcision of Christ, 12 having been buried with him in baptism, in which you were also raised with him through faith in the powerful working of God, who raised him from the dead. 13 And you, who were dead in your trespasses and the uncircumcision of your flesh, God made alive together with him, having forgiven us all our trespasses, 14by canceling the record of debt that stood against us with its legal demands. This he set aside, nailing it to the cross. — Anonymous

If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it. — Michelle Singletary

Trusting in Jesus requires that you surrender every competing hope. For the Israelites, it was the call to abandon the worship of any other god and entrust their lives to the one true God (see Ex. 20:3). For the disciples Peter, James, and John, it meant surrendering their livelihoods as fishermen the moment after pulling in their most profitable catch ever and following Jesus (Luke 5:11). For each of us, it means trusting his promise of forgiveness and not working to try to pay off our own debt. It means trusting his cleansing and not hiding in shame (1 John 1:9). It means clinging to God's steadfast love, his grace upon grace to us in Jesus Christ, as our only hope, the only true remedy against idolatry.40 — Mike Wilkerson

Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt. — Robert Kiyosaki

I must express protest against continually increasing the debt without taking positive steps to slow its growth. — Joe Biden

Pain and fear and hunger are effects of causes which can be foreseen and known: but sorrow is a debt which someone else makes for us. — Freya Stark

The public psychology of going into debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the public to great expectations; (d) the development of downright fraud, imposing on a public which had grown credulous and gullible. — Irving Fisher

Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history. — Molly Ivins

Avoiding occasions of expense by cultivating peace, we should remember also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it — George Washington

I don't know what your Company is feeling as of today about the work of Dr. Alice Hamilton on benzol [benzene] poisoning. I know that back in the old days some of your boys used to think that she was a plain nuisance and just picking on you for luck. But I have a hunch that as you have learned more about the subject, men like your good self have grown to realize the debt that society owes her for her crusade. I am pretty sure that she has saved the lives of a great many girls in can-making plants and I would hate to think that you didn't agree with me. — Bradley Dewey

He that goes a borrowing goes a sorrowing. — Benjamin Franklin

The federal debt in this country is principally of Republican design. — Daniel Keys Moran

If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that. — William J. Clinton

The absence of life is not the same as material privation: we will never again see the same soul occupying the same space. The world refers to them as pets, but that is what we do, not really what they are. Affection pays for itself in proportion to the love we offer, and if the love we lavished on him was any indication, we are inconsolable. The suffering is more on our side now, for he led an enormously happy and productive life, and we are left to remember and agonize. It is all wretchedness now. Grief is the currency for death, leaving us in emotional debt perhaps forever, but love is the tax we happily pay toward the investment of another's company, and we would all rather pay it and be happy and poor than be rich in a friendless life. He is gone, and we are now beholden to him, but we are so much happier for his having been here than we deserve to be.
On the death of Ted, beloved cat — Michelle Franklin

Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth. — Joe Craft

Dominic shook his head. "Not money but we do have to work off our debt to him. My brothers, bar Damien, have certain jobs they do for Marco. My job is fighting. — L.A. Casey

Debt is to man what the serpent is to the bird; its eye fascinates, its breath poisons, its coil crushes sinew and bone, its jaw is the pitiless grave. — Edward Bulwer-Lytton, 1st Baron Lytton

To vote is like the payment of a debt, a duty never to be neglected, if its performance is possible. — Rutherford B. Hayes

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

There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks. — Gail Collins

In short, if you are using a shovel to dig yourself into a hole, a credit card company will be happy to give you a backhoe. — Jason G. Miller

I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country. — Andrew Jackson

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. — Marco Rubio

A dependency on a private method of an external framework is a form of technical debt. Avoid these dependencies. — Sandi Metz

I will hurt you for this. I don't know how yet, but give me time. A day will come when you think yourself safe and happy, and suddenly your joy will turn to ashes in your mouth, and you'll know the debt is paid. — George R R Martin

Why do we need money beyond a point? If we are free of ill health, enmity, and debt, is that not enough? Too much money only leads to less peace. — Sri Tirumalai Krishnamacharya

Income tax rules also made borrowing against a home's equity attractive. Because mortgage interest payments can be deducted for income tax purposes, the interest paid on home equity loans could also be deducted, although interest on credit card debt or other debt was not deductible. Therefore it often paid anyone with any other kind of debt to pay off that debt with a home equity loan, whose interest would be deductible for income tax purposes. More and more people began to do this during the housing boom. In 2003, home equity loans totaled $593 billion. Such loans soared during the housing boom, nearly doubling to $1.13 trillion in 2007. — Thomas Sowell

We need economic growth in Europe and we need to find a solution for the excessive interest rates that are making it difficult for many countries to get their own debt under control. — Martin Schulz

My husband has quite simply been my strength and stay all these years, and I owe him a debt greater than he would ever claim. — Queen Elizabeth II

More and more lower-middle-income families either live their lives in debt or leave the city altogether. The boom is strictly at the penthouse level. — George Steiner

There was nothing like an appeal to honor. It was a virtue that all craved, even those who lacked it. Fundamentally, honor was itself a debt, a code of behavior, a promise, something inside yourself that you owed to the others who saw it in you. — Tom Clancy

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

In social life, in the family government, in the Church, and in the State this is an acknowledged and invariable law. The debtor would be incapable of appreciating the clemency which cancelled the debt, so long as he denied either the existence or the justice of the claim. Unconscious of the obligation, he would be insensible to the grace that remitted it. — Octavius Winslow

Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon. — Michael Hudson

A habit of debt is very injurious to the memory. — Austin O'Malley

I'll fight with every breath in my body to stop the out of control spending and debt that are bankrupting our kids and grandkids. — Ted Cruz

We shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority. — Thomas Jefferson

[Credit is a system whereby] a person who can't pay, gets another person who can't pay, to guarantee that he can pay. — Charles Dickens

I love America for its bourgeois comfort. If I was as heavily in debt as they are, I wouldn't be drinking tea or coffee anywhere. I would be sipping tap water from an old bottle and serving others tea or coffee in a cafe somewhere. — Vann Chow

And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. — Thomas Jefferson

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

This world is so full of care and sorrow that it is a gracious debt we owe to one another to discover the bright crystals of delight hidden in somber circumstances and irksome tasks. — Helen Keller

It is very evident what mean and sneaking lives many of you live, for my sight has been whetted by experience; always on the limits, trying to get into business and trying to get out of debt, a very ancient slough, called by the Latins aes alienum, another's brass, for some of their coins were made of brass; still living, and dying, and buried by this other's brass; always promising to pay, promising to pay, to-morrow, and dying to-day, insolvent ... — Henry David Thoreau

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

You might at least believe that I know honor-
honor and debt. — Cassandra Clare

Robots can now milk cows. Oil prices have fallen globally, meaning both the petro-states and those indirectly propped up by them are weakened. At the same time, slower growth in China has lately shrunk its voracious appetite for African, Australian, and Latin American commodities. China accounted for more than a third of global growth in recent years, and its growth engine multiplied the growth of many of the countries that exported raw materials to Beijing. That has slowed. China's total debt has grown from roughly 150 percent of its GDP in 2007 to around 240 percent today - a massive increase in one decade that is dampening its growth and its imports and shrinking China's wallet for foreign aid and investment in African and Latin American commodity-exporting countries. In — Thomas L. Friedman

When you hear the phrase "rescue the financial system," translate it in your mind into "keep the debts on the books." They are trying to find a way for you (and debtor nations too) to keep paying and for the debt to keep growing. — Charles Eisenstein

President Obama is a utopian at heart. He wants to improve the lives of the downtrodden, which is a good thing. But, he doesn't understand that damaging the free marketplace in pursuit of 'social justice' will eventually harm those whom he wants to help. The nation's crushing debt is a tsunami brewing off shore. — Bill O'Reilly

First they didn't believe in evolution. Then they didn't believe in global warming. Now the debt ceiling. What I call 'the moron trifecta.' — Bill Maher

Militant atheists seek to discredit religion based on a highly selective reading of history. There was a time not long ago - just a couple of centuries - when the Western world was saturated by religion. Militant atheists are quick to attribute many of the most unfortunate aspects of history to religion, yet rarely concede the immense debt that civilization owes to various monotheist religions, which created some of the world's greatest literature, art, and architecture; led the movement to abolish slavery; and fostered the development of science and technology. One should not invalidate these achievements merely because they were developed for religious purposes. If much of science was originally a religious endeavor, does that mean science is not valuable? Is religiously motivated charity not genuine? Is art any less beautiful because it was created to express devotion to God? To regret religion is to regret our civilization and its achievements. — Bruce Sheiman

is a refusal to welch on a debt. — Anthony Ryan

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

I give it a fifty-fifty chance of total failure. If Kai refuses to repay a debt he legitimately owes, he'll be dishonoured in front of his entire Flight. Thunderbirds always avenge their dead, honour their word, and pay their debts. Those seem to be the only laws they have." Based on what little time I'd spent with them.
Marc frowned. "It's the 'legitimately owes' part that worries me."
"Thus the fifty-fifty shot of failure." I stared up at the nest, watching for any sign of activity. "It all depends on whether or not I'm able to bullshit him into thinking he owes us."
"The odds are always in your favour when bullshit's involved." Jace grinned, and I couldn't help returning his smile. — Rachel Vincent

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

We have been maintaining a standard of living by putting things on the debt of the next generation. — Richard Lamm

So about twenty years ago I gave up on painting - and got into terrible debt after buying a load of camera gear! — Nigel Dennis

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

My debt to feminism is simply incalculable. Feminism allowed me to see past a 'reality' that I had once taken as a given. It helped me to pay attention to countless voices, my own included, that I had been taught 'don't count.' Feminism allows me to maintain hope. — Harriet Lerner

I have a debt, a loyalty to the museum; the best place for me to do what I wanted to do. — George Gaylord Simpson

We have to reduce the burden placed on our economy by years of deficits and debt. — Jacob Lew

Death pays all debts. — Michel De Montaigne