Money Debts Quotes & Sayings

The time has come to end this charade. The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves. Africa should say: 'thank you very much but we need this money to meet the needs of children who are dying right now so we will put the debt servicing payments into urgent social investment in health, education, drinking water, control of AIDS and other needs.' — Jeffrey Sachs

(Jefferson) was deeply suspicious of Hamilton's assumption plan (by which the nation would assume responsibility for the states' individual war debts.) He feared this was yet another example of the avaricious hand of the unscrupulous money powers, the sprawling, hydra-headed creature associated with banks, stock markets and devious speculators, especially in New York, Boston, and the City of London, not to mention unrepublican, unAmerican attitudes of all kinds - everything he despised. — Jay Winik

That second man has his own way of looking at things; asks himself which debt must I pay first, the debt to the rich, or the debt to the poor? the debt of money, or the debt of thought to mankind, of genius to nature? For you, O broker! there is no other principle but arithmetic. For me, commerce is of trivial import; love, faith, truth of character, the aspiration of man, these are sacred; nor can I detach one duty, like you, from all other duties, and concentrate my forces mechanically on the payment of moneys. Let me live onward; you shall find that, though slower, the progress of my character will liquidate all these debts without injustice to higher claims. If a man should dedicate himself to the payment of notes, would not this be injustice? Does he owe no debt but money? And are all claims on him to be postponed to a landlord's or a banker's? — Ralph Waldo Emerson

Step 1: Secure your basic needs: food, clothing and shelter. Step 2: Create a $1,000 emergency fund. Step 3: Pay off all debts as fast as possible, other than your home. Step 4: Increase your emergency fund until it reaches 6 to 10 months of your basic needs. Step 5: Begin saving 15 percent of your income for retirement. Step 6: If so desired, save for your child's college education. Step 7: Pay off your mortgage early. Step 8: Express your values with your money. Tactics That Bring Your Strategies to Life Live by a zero-balance budget, created at — Erik Wecks

In the days when money was backed by its face value in silver or gold, there were limits to how much wealth could flow around the world. Today, it's virtual money that the bank lends into existence on a computer screen. "And unless the economy continually expands, there is no new flow of money to pay back that money, plus interest." ... "As it stands now, if banks start loaning money more slowly than they collect debts, the quantity of money in the economy goes down, and it's impossible to pay back debts. So we get defaults on houses ... our economy plunges into misery and unemployment. Under our current monetary system, the only alternative to that is endless growth. So one absolute thing we have to change is the whole nature of the monetary system ... we deny banks the right to create money." ... There's a challenge with that solution, he admits. "You're trying to take the right to create wealth away from some of the wealthiest people on the planet. — Alan Weisman

Savers have to be punished so debtors can be saved.

Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.

And why is that important? Because the banking system needs ever more loans in order to survive. — Chris Martenson

When you authorised Congress to borrow money, and to contract debts, for carrying on the late war, you could not intend to abridge them of the means of paying their engagements, made on your account. You may observe that their future power is confined to provide common defence and general welfare of the United States. If they apply money to any other purposes, they exceed their powers. The people of the United States who pay, are to be judges how far their money is properly applied. — David Ramsey

No," said Godfrey, with a keen decisiveness of tone, in contrast with his usually careless and unemphatic speech - "there's debts we can't pay like money debts, by paying extra for the years that have slipped by. While I've been putting off and putting off, the trees have been growing - it's too late now. Marner was in the right in what he said about a man's turning away a blessing from his door: it falls to somebody else. — George Eliot

Do you have to regret spending money when you earn money? And when it is time to spend, you should be strong that you got the opportunity to pay off your debt. Income is one's responsibility and expense is the means to clear off the responsibility. — Dada Bhagwan

If you wanted to understand a politician you mustn't pay too much attention to his speeches, but find out who were his paymasters. A politician couldn't rise in public life, in France any more than in America, unless he had the backing of big money, and it was in times of crisis like this that he paid his debts. X — Upton Sinclair

Families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear. — Barack Obama

The Congo is very wealthy from oil money but is not paying its debts and at the same time is applying for special status at the World Bank. That's shocking and disingenuous. — Paul Singer

Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders. — Charles Duhigg

A man cannot free himself by any self-denying ordinances, neither by water nor potatoes, nor by violent possibilities, by refusing to swear, refusing to pay taxes, by going to jail, or by taking another man's crops or squatting on his land. By none of these ways can he free himself; no, nor by paying his debts with money; only by obedience to his own genius. — Ralph Waldo Emerson

I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster. — Jeremy Grantham

If taxes represent our absolute debt to the society that created us, then the first step toward creating real money comes when we start calculating much more specific debts to society, systems of fines, fees, and penalties, or even debts we owe to specific individuals who we have wronged in some way, and thus to whom we stand in a relation of "sin" or — David Graeber

[13] But it sometimes comes about that, when we have properly granted certain premisses, certain conclusions are derived from them that, though false, nonetheless follow from them. [14] What am I to do, then? Accept the false conclusion? [15] And how is that possible? Then should I say that I was wrong to accept the premisses? No, this isn't permissible either. Or say: That doesn't follow from the premisses? But that again isn't permissible. [16] So what is one to do in such circumstances? Isn't it the same as with debts? Just as having borrowed on some occasion isn't enough to make somebody a debtor, but it is necessary in addition that he continues to owe the money and hasn't paid off the loan; likewise, our having accepted the premisses isn't enough to make it necessary for us to accept the inference, but we have to continue to accept the premisses. [ — Epictetus

It is absolutely impossible to settle the debts to pensioners, teachers, and others. The country hasn't got enough money to do so. — Eduard Shevardnadze

It's possible to spend money anywhere in the world if you put your mind to it, something I proved conclusively by running up huge debts in Cincinnati. — Leo Durocher

I generally encourage people to make good on debts when they have enough money to repay them. But once a delinquency has been reported to a collection agency, paying it off won't help your FICO score. The damage has already been done, and the blemish will remain on your credit report for seven years. — Suze Orman

One man thinks justice consists in paying debts, and has no measure in his abhorrence of another who is very remiss in this duty and makes the creditor wait tediously. But that second man has his own way of looking at things; asks himself Which debt must I pay first, the debt to the rich, or the debt to the poor? the debt of money or the debt of thought to mankind, of genius to nature? For you, O broker, there is not other principle but arithmetic. For me, commerce is of trivial import; love, faith, truth of character, the aspiration of man, these are sacred; — Ralph Waldo Emerson

We should not forget that before being inscribed in Western consciousness as the principle of quantification, harmony, and classical non-existence, Greek measurement was an immense social and polymorphous practice of assessment, quantification, establishing equivalences, and the search for appropriate proportions and distributions.

We can see how introducing measure is linked to a whole problem of peasant indebtedness, the transfer of agricultural properties, the settlement of debts, equivalence between foodstuff or manufactured objects, urbanization, and the establishment of a State form.

The institution of money appears at the heart of this practice of measurement. — Michel Foucault

No generation has a right to contract debts greater than can be paid off during the course of its own existence. — Thomas Jefferson

Why do you butcher your carabao and feed a throng because your son is getting a wife?" Father always blustered to them who come asking for loans. But always, in the end, the tenants got the money
what they needed for a "decent" funeral, a baptism, a wedding. And as their debts piled up, they promised, "Next harvest will be good ... — F. Sionil Jose

A full night's sleep without money worries was a luxury. They were afraid to answer the door to strangers as they often could not pay the rent and had no TV license. They lived in fear of been brought to court for bad debts. They became master liars and a sarcastic tongue and cheeky nature were vital survival skills people learned in Wasteside. They pretended to officials at front doors they were child minders and they refused to accept or sign anything official or registered in case it was a summons — Annette J. Dunlea

I am accounted by some people as a good man. How cheap that character is acquired! Pay your debts, don't borrow money, nor twist your kitten's neck off, nor disturb a congregation, etc., your business is done. I know things of myself, which would make every friend I have fly me as a plague patient. — Charles Lamb

I think we're going to have to accept the fact the U.S. is off the world map. We are not a great player any longer. And when we come home - as we will have to do because we've run out of money - we will discover that Argentine debts means Argentine politics. And on that note, you can wake up in the middle of the night. — Gore Vidal

Liberalism does not preclude an organisation of the flow of money in which some channels are used in decision making while others are only good for the payment of debts. — Jean-Francois Lyotard

[Richard Bedford Bennett] was the richest Prime Minister and the only millionaire to hold office before Pierre Trudeau. His money obviously colored his thinking
colored it true blue
but he did not consider it a political drawback. No leader, he said, could serve the public properly if he was constantly looking over his shoulder at the shadow of debts. This theory is now widely accepted in the United States where it has become practically impossible for a non-millionaire to run for high office without selling pieces of himself like a prize-fighter. Yet the public still suspects a self-made millionaire like Lyndon Johnson while revering the much-richer John F. Kennedy, who got it all from his father. — Gordon Donaldson

the bond market, because Wall Street was now making even bigger money packaging and selling and shuffling around America's growing debts. — Michael Lewis

There are some debts that can't be paid with money. — Steven J. Carroll

I do not pretend to give such a sum; I only lend it to you. When you shall return to your country with a good character, you cannot fail of getting into some business, that will in time enable you to pay all your debts. In that case, when you meet with another honest man in similar distress, you must pay me by lending this sum to him; enjoining him to discharge the debt by a like operation, when he shall be able, and shall meet with such another opportunity. I hope it may thus go through many hands, before it meets with a knave that will stop its progress. This is a trick of mine for doing a deal of good with a little money. — Benjamin Franklin

The secret of the difficulties of those people who make a great deal of money, and yet are always in want of it, is this-they throw it away as soon as they get it on the first whim or extravagance that strikes them, and have nothing left to meet ordinary expenses or discharge old debts. — William Hazlitt

Lobola ("bride price") is a retired broke father's last hope to paying off his debts. — Mokokoma Mokhonoana

Looking back on his life, he sees himself spread out on the earth like a giant covered in tiny threads that have held him down. Tiny threads of petty cares and small concerns, and fears he took seriously at the time. Debts, timetables, the need for money, the longing for comfort; the earworm of sex, repeating itself over and over like a neural feedback loop. He's been the puppet of his own constricted desires. — Margaret Atwood

Perhaps he needs the money. Some of the men live too richly for their purses, if you understand me. Fame would allow him large debts, but everything has to be paid back in the end. — Conn Iggulden