Going Into Debt Quotes & Sayings

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

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

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

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

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. — Frances McDormand

The early part of my career I really struggled, getting turned down again and again. I was in debt, and it was horrible. And then my family hit such highs in their careers, I asked myself what I was thinking going into the same profession. — Joely Richardson

No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what the economy is capable of producing without going deeper and deeper into debt. — Robert Reich

You, you buy into all this stuff about good guys and bad guys in the world. A loan shark breaks a guy's leg for not paying his debt, a banker throws a guy out of his home for the same reason, and you think there's a difference, like the banker's just doing his job but the loan shark's a criminal. I like the loan shark better because he doesn't pretend to be anything else, and I think the banker should be where I am sitting right now. I'm not going to live some life where I pay my fucking taxes and fetch the boss a lemonade at the company picnic and buy life insurance. Get older, get fatter, so I can join a men's club in Back Bay, smoke cigars with a bunch of assholes in a back room somewhere, talk about my squash game and my kid's grades. Die at my desk, and they'll already have scraped my name off the office door before the dirt's hit the coffin. — Dennis Lehane

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

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

Maybe anyone can do what he or she loves, but only the wealthy can avoid going into debt to pay for it. — Miya Tokumitsu

Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise. — Ward Cunningham

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

There's something odd about telling people, artists, that they need to work for free to be pure while you're sitting there getting a salary that ultimately is paid by a generation of young people going deeply into debt for their education. — Astra Taylor

I Was Always Leaving"

I was always leaving, I was
about to get up and go, I was
on my way, not sure where.
Somewhere else. Not here.
Nothing here was good enough.

It would be better there, where I
was going. Not sure how or why.
The dome I cowered under
would be raised, and I would be released
into my true life. I would meet there

the ones I was destined to meet.
They would make an opening for me
among the flutes and boulders,
and I would be taken up. That this
might be a form of death

did not occur to me. I only know
that something held me back,
a doubt, a debt, a face I could not
leave behind. When the door
fell open, I did not go through. — Jean Nordhaus

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

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

This law represents a cornerstone in a structure which is being built but is by no means completed
a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy
a law to flatten out the peaks and valleys of deflation and of inflation
in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness. — Franklin D. Roosevelt

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

[Young people] can't do much with [student debt] other than try to figure out how to pay it down. They can't take jobs they want. They can't get the credit they would like to start a business. So we're going to refinance it, we're going move people into income-contingent repayment plans, we're going to have a date certain when their obligations end, and I'm not going to let the government harass kids. — Hillary Clinton

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

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

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

The fact is, we'll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. — Ronald Reagan

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

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

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

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

Not only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again. — Jerry Bridges

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

My parents had no money, but they had strong values that I've carried throughout my life - things like not going into debt, never borrowing money, never leveraging, paying your bills on time, keeping your agreements, selling customers the right things, treating employees right, and growing things. — Jack Dangermond

Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans. — Michael Hudson

With official slavery gone, there were big parliamentary debates about how to sustain the same regime. What would stop a former slave from going up into the hills, where there was plenty of land, and just living happily there? They hit on the same method that everyone hits on: try to capture them with consumer goods. So they offered teasers - easy terms, gifts. And then when people got trapped into wanting consumer goods and started getting into debt at company stores, pretty soon you had a restoration of something similar to slavery, from the plantation owners' point of view. — Noam Chomsky

There is lots of evidence that it is this fear of going into debt that most puts people from poorer backgrounds off going to university. — George Osborne

Don't you know that's what college is about ... students spending years gathering useless information they'll never use again, going hopelessly into debt, just so they feel smarter than the rest of their family? I mean, that's why I worked so hard to get here, anyway. — A.L. Jackson

Mangrove destruction is not only an ecological threat to a valuable ecosystem but also a social threat for [the poor]. External debt pressure on exporting countries, neo-liberal doctrines and ecological blindness of northern importing consumers, together with a flagrant lack of local governmental action to protect the environment in most shrimp-producer countries, are the main driving forces of mangrove destruction. — Joan Martinez-Alier

Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees. — Richard Thaler

I'm not a Republican or a Democrat, but George Bush has just put us so greatly into debt; now Obama's going to make it even worse. So, it's basically highway robbery, and I think it's a tragedy. — Robert Kiyosaki

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

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

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

[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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Death pays all debts. — Michel De Montaigne

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

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

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

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

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

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

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