Money Is Debt Quotes & Sayings

The most empowering thing you can do though is to create innovative ways to bring in livable wages. That begins with a debt free lifestyle. — Brandi L. Bates

I don't own any stocks or bonds. All my money is tied up in debt. — George Carlin

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

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. — Thomas Jefferson

Wars are supposed to be declared by governments. Parliaments and kings are supposed to decide whether hostilities shall begin. Never, since the device of the modern national debt, has this been true. The great capitalists decide whether there shall be war. If they want war, they force it. There are several ways in which they can do this. They can do it by direct action of their representatives in government. Or they can do it by fomenting disorder and yelling for help to save the lives of " innocent citizens " who are temporarily residing in the country that is to be attacked. And if they are op- WAR AND THE ROTHSCHILDS 129 posed to war they refuse to advance the money with which to wage it. — Anonymous

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

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. — Ray Dalio

If I owe a person money, and cannot pay him, and he threatens to put me in prison, another person can take the debt upon himself, and pay it for me. But if I have committed a crime, every circumstance of the case is changed. Moral justice cannot take the innocent for the guilty even if the innocent would offer itself. To suppose justice to do this, is to destroy the principle of its existence, which is the thing itself. It is then no longer justice. It is indiscriminate revenge. — Thomas Paine

Indentured servitude is banned, but what about students seeking to sell shares of their future earnings in exchange for money up front to pay for their college tuitions? — Robert B. Reich

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

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

The human world is a long way from meeting the needs of the present, and it is borrowing massively from the future - not only by piling up money debt, but also by degrading the resources from which all real wealth ultimately comes. — Donella Meadows

Do you ever wonder why a battered wife stays with her husband? Why people continue to spend money they don't have even though they know they are deeply in debt? Why some keep jamming food in their mouths when they're already overweight? Why do people stay in bad relationships? Why are some people still racist? Why do people still drink and drive? You'd think the response to all these things would be obvious and cause them to scream, "Duh, of course I need to change this." Why do we keep doing church the same way even when we know it's in critical decline? Why do paid church leaders spend so much time preparing for a 90-minute service for Christians who have heard it all before? Why do we still call our message the good news when it clearly seems to be bad news or no news to Sojourners? Why do we think Pharisees are only found in the Bible? Why is returning to a simpler form of ancient church so hard to grasp? — Hugh Halter

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

Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past. — Lawrence Reed

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

Money is sacred as everyone knows ... So then must be the hunger for it and the means we use to obtain it. Once a man is in debt he becomes a flesh and blood form of money, a walking investment. You can do what you like with him, you can work him to death or you can sell him. This cannot be called cruelty or greed because we are seeking only to recover our investment and that is a sacred duty. — Barry Unsworth

Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks. — Elizabeth Warren

Indeed, one view of the European debt crisis - the Greek street view - is that it is an elaborate attempt by the German government on behalf of its banks to get their money back without calling attention to what they are up to. The German government gives money to the European Union rescue fund so that it can give money to the Irish government so that the Irish government can give money to Irish banks, so the Irish banks can repay their loans to the German banks. "They are playing billiards," says Enderlein. "The easier way to do it would be to give German money to the German banks and let the Irish banks fail. — Michael Lewis

Easy payments, easy lease, easy approval. Debt is very EASY to get into, but makes it HARD to live victoriously. — Bradley Vinson

The ruling passion of the age is to convert wealth into debt in order to
derive a permanent future income from it - to convert wealth that perishes
into debt that endures, debt that does not rot, costs nothing to maintain,
and brings in perennial interest. — Frederick Soddy

Here is an equation worth remembering: Five dollars earned minus seven dollars spent = Unhappy Life." (Life Hacks, p.51) — Jon Morrison

When money's tight and is hard to get
And your horse has also ran,
When all you have is a heap of debt
A PINT OF PLAIN IS YOUR ONLY MAN. — Flann O'Brien

We owe more money than any Nation in the World, and we are LOWERING TAXES. When is the time to pay off a debt if it is not when you are doing well? You let a Politician return home from Washington and announce, 'Boys we lowered your taxes. We had to borrow the money to do it, but we did it.' Say, they would elect him for life. — Will Rogers

Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt. — Elizabeth Warren

More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services. — Michael Hudson

1. Project What is the project? Why is it unique? Why is the business needed? Why will customers love your product? 2. Partners Who are you? Who are the partners? What are your educational backgrounds? How much experience do you all have? How are you and your partners qualified to make the project a success? 3. Financing What is the total cost of the project? How much debt and how much equity is there? Are partners investing their own money? What is the investor's return and reward for their risk? What are the tax consequences? Who is your CFO or accounting firm? Who is responsible for investor communications? What is the investor's exit? 4. Management Who is running your company? What is their experience? What is their track record? Have they ever failed? How does their experience relate to your industry? Do you believe this is the strongest management team you can assemble? Can you pitch them with confidence? — Donald J. Trump

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

Above all you must study hard. Very few in Pakistan have the
opportunity you now have and you must take advantage of it. Never forget that
the money it is costing to send you comes from the land, from the people who
sweat and toil on those lands. You will owe a debt to them, a debt you can repay
with God's blessing by using your education to better their lives. — Benazir Bhutto

The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk. — William J. Clinton

At most schools, if you switch majors, you basically start over. That means more semesters ... and more money. The former might be appealing, but the latter is a major problem for a demographic already saddled with student debt. — Brian Shactman

As Charles Darwin said,'The economy shown by Nature in her resources is striking,' says the Spirit. 'All wealth comes from Nature. Without it, there wouldn't be any economics. The primary wealth is food, not money. Therefore anything that concerns the handling of the land also concerns me. — Margaret Atwood

There is today a division of labor between the elite and the masses. In medieval Europe aristocrats spent their money carelessly on extravagant luxuries whereas peasants lived frugally minding every penny. Today the tables have turned. The rich take great care managing their assets and investments, while the less well-heeled go into debt buying cars and televisions they don't really need. — Yuval Noah Harari

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem. — Peter Thiel

Many respected economists and statesmen believe our national debt is neither unwieldy nor a dangerous burden on the country. The trouble is that a vast majority of the American people think otherwise ... It violates basic American ideas of thrift and money management. These strong public feelings cannot be ignored forever. — Mo Udall

In different countries the basis of resistance takes different forms, but it comes chiefly from the conservative groups. Hence it becomes increasingly difficult to go on spending in the presence of persisting deficits and rising debt. Some form of spending must be found that will command the support of the conservative groups. Political leaders, embarrassed by their subsidies to the poor, soon learned that one of the easiest ways to spend money is on military establishments and armaments, because it commands the support of the groups most opposed to spending. — John T. Flynn

There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back. — George W. Bush

If you initialed one dollar per second, you would make $1,000 every seventeen minutes. After 12 days of nonstop effort you would acquire your first $1 million. Thus, it would take you 120 days to accumulate $10 million and 1,200 days - something over three years - to reach $100 million. After 31.7 years you would become a billionaire, and after almost a thousand years you would be as wealthy as Bill Gates. But not until after 31,709.8 years would you count your trillionth dollar (and even then you would be less than one-fourth of the way through the pile of money representing America's national debt). That is what $1 trillion is. — Bill Bryson

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

The gift was not large as money goes, and my need was not great, but the spirit of the gift is beyond price and leaves me blessed and in debt. — Robert Fulghum

Myth: USDollar is money. Fact: Gold & Silver are money. USDollar is legal tender/debt brought down to low parcels for spending purposes. — Ziad K. Abdelnour

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default. — Alan Greenspan

Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt. — Alex Berenson

If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money.
How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings ... — Steve Keen

On the whole, money does artists much more good than harm. The idea that one benefits from cold water, crusts and debt collectors is now almost extinct, like belief in the reformatory power of flogging, — Robert Hughes

When jurists and business men assert that the depreciation of money has a very great influence on all kinds of debt relations, that it makes all kinds of business more difficult, or even impossible, that it invariably leads to consequences that nobody desires and that everybody feels to be unjust, we naturally agree with them. In a social order that is entirely founded on the use of money and in which all accounting is done in terms of money, the destruction of the monetary system means nothing less than the destruction of the basis of all exchange. Nevertheless, this evil cannot be counteracted by ad hoc laws designed to remove the burden of the depreciation from single persons, or groups of persons, or classes of the community, — Ludwig Von Mises

It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people. — Richard Neal

Money itself is too weak to motivate much discipline. This is one reason so many people are deep in debt. — Steve Pavlina

But inherited wealth reaches its utmost value when it falls to the individual endowed with mental powers of a high order, who is resolved to pursue a line of life not compatible with the making of money; for he is then doubly endowed by fate and can live for his genius; and he will pay his debt to mankind a hundred times, by achieving what no other could achieve, by producing some work which contributes to the general good, and redounds to the honor of humanity at large. — Arthur Schopenhauer

Feminists who say that I switched sides because I am an opportunist should know that exactly the opposite is true. It's cost me a lot of money. I've gone from being well-to-do to being $70,000 in debt. I have done something self-destructive financially. I could only do it because I don't have to support a wife and child. — Warren Farrell

Debt is a four letter word and means a four word sentence - Be Prepared for Trouble. — Lucas Remmerswaal

When I get asked the question, "Do I want to loan you money?" I want to know, how much do you earn? How much do you owe? What is your net worth? When people talk about countries for some reason they only ask how much did you earn and what's your debt? — George Friedman

People thought they were going to make a lot of money. And then at one point, it got too hot, and the government wanted to knock it down. Trying to get it up and then knock it down, both were a mistake. And part of the reason, some people think, is that they wanted to equitize some of their companies. A healthy stock market helps equitize companies and reduce the country's debt burden. — Jamie Dimon

Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you? — Ralph Waldo Emerson

Equity money is dynamic and debt money is static. — Edmund Burke

And the irony is that the war purchases are recorded as a positive for economic growth and the GDP. Though the war spending is an economic negative and provides no improvement in the people's standard of living, the government statisticians brag about an upward blip in the GDP. Besides, these bills are paid for by borrowing and printing money, thus increasing future debt obligations and causing higher prices for the next generation. — Ron Paul

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest. — Thomas A. Edison

There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. — Frederick Soddy

I don't have more money. I won't have more money than any of the candidates, even the Republican candidates. We know that already. But we are building this campaign team like I would build a business. And that is, we are building it so far with no debt. — Herman Cain

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. — Mark Zandi

Money is a huge issue for manic depressives. Sometimes the problem is not nearly on the same scale as it has been for me, but nonetheless, it's difficult to deal with. Many get themselves into debt that can take years to clear up, write bad cheques, shoplift and borrow huge amounts from family and friends. — Andy Behrman

The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change. — Jamie Dimon

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

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

And don't tell me debt is not a big deal. Debt will cut off your legs and laugh at you as you grovel in the dirt begging for mercy. If you don't need it, don't get it. If you can't afford it, don't get it. If you're already in debt, get out quickly. If you think you'll never get out, you're right, you won't. — Osayi Emokpae Lasisi

She planted that terror of debt so deeply in her children that even now, in a changed economic pattern where indebtedness is a part of living, I become restless when a bill is two days overdue. Olive never accepted the time-payment plan when it became popular. A thing bought on time was a thing you did not own and for which you were in debt. She saved for things she wanted, and this meant that the neighbours had new gadgets as much as two years before we did. — John Steinbeck

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

In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he's unable to prevent himself from being continually dominated. — Matt Taibbi

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

Money is not worth dying for. I know, because years ago, while nearly a million dollars in debt, suicide was an option. Rather than run, rich dad suggested I write down all the mistakes I made and then seek help. If I made accounting mistakes, I talked to an accountant. If there was a legal mistake, I talked to an attorney. That was my way out. That is how I got smarter. — Robert Kiyosaki

People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows. — Michael Hudson

Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up. — Jay Carney

That's why you never hear politicians talking about 'citizens,' it's all 'taxpayers,' as though the salient fact of your relationship to the state is how much you pay. Like the state was a business and citizenship was a loyalty program that rewarded you for your custom with roads and health care. Zottas cooked the process so they get all the money and own the political process, pay as much or as little tax as they want. Sure, they pay most of the tax, because they've built a set of rules that gives them most of the money. Talking about 'taxpayers' means that the state's debt is to rich dudes, and anything it gives to kids or old people or sick people or disabled people is charity we should be grateful for, since none of those people are paying tax that justifies their rewards from Government Inc. — Cory Doctorow

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

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

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

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

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

[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

Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs. — John F. Kennedy

He is a wise man who seeks by every legitimate means to make all the money he can honestly, for money can do so many worthwhile things in this world, not merely for one's self but for others. But he is an unmitigated fool who imagines for a moment that it is more important to make the money than to make it honestly. One of the advantages of possessing money is that it facilitates one's independence and mental attitude. The man head over heels in debt is more slave than independent. — B.C. Forbes

A natural saver is great until he never spends and is tight-fisted with giving. A natural spender is great until she finds herself deeply in debt and unable to give. A natural giver is great until there are no savings when a problem arises and there is no personal enjoyment of money. — Dave Ramsey

When we manage a restaurant, we start making money from the first day. When we own a place, it's often five years before we earn the first penny that is clean of debt. — Daniel Boulud

In most cases, when people make more money, they get deeper in debt. This is why money alone does not make you rich. — Robert Kiyosaki

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is because the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can a poor parent tell their child about money? They simply say "Stay in school and study hard." The child may graduate with excellent grades but with a poor person's financial programming and mind-set. It was learned while the child was young. — Robert T. Kiyosaki

There is nothing that we can properly call our own but our time, and yet everybody fools us out of it who has a mind to do it. If a man borrows a paltry sum of money, there must needs be bonds and securities, and every common civility is presently charged upon account. But he who has my time thinks he owes me nothing for it, though it be a debt that gratitude itself can never repay. — Seneca The Younger

One of the reasons I think people are increasingly nervous about U.S. debt is because they think that we are not actually digging ourselves out of the hole, but instead are digging ourselves into a deeper and deeper hole and will not be able to pay it back because we're not actually creating the new technologies that will enable us to pay back and the money somehow is not really being invested in the future or in progress. — Peter Thiel

The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely. — Matt Taibbi

Part of our problem with debt is that we have confused needs with wants. Yesterday's luxuries are today's necessities. — Billy Graham

The money to fund great things and innovations and programs is gone in our lifetime; it's all gone to debt. So we won't be able to solve global warming or have the transportation that we needed for the 21st century. We should be supporting people with great ideas, but it's gone, and now it's gotta be paid back with interest to banks in China. — Michael Moore

Figures cannot calculate the amount collected by those public and private robbers: it is more than would liberate every slave in the United States; it would pay the British debt! They say, We do not force people to give. I see no difference between forcing a man out of his money, at the mouth of a pistol, and forcing it from by trick and cunning; the crime is the same. — Anne Royall

We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy. — Jeffrey Sachs

Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses. — Stanley Druckenmiller

Self-preservation - this is your new focus.
The only obligation of today is to preserve the breath of tomorrow. Then, once footing is regained, you can begin to fulfill debt obligations.
Debt is hindsight. — John-Talmage Mathis

Republicans drove us into debt with two wars and the Bush tax cuts. Now they want to pay for that debt with cuts to Social Security, Medicare and Medicaid. This is not only immoral it is bad economics. Why do Republicans always have money for war but not for those in need? — Bernie Sanders

The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some. — John C. Malone

The world is awash in more debt than there is money enough in the world to liquidate it. — John L. Casti

The Illuminati bankers rule the world through debt, which is money they create out of nothing. They need world government to ensure no country defaults or tries to overthrow them. As long as private bankers, instead of governments, create money the human race is doomed. These bankers and their allies have bought everything and everyone. — Henry Makow

The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills. — Peter Schiff

Apple raised $17 billion in a bond offering in 2013. Not to invest in new products or business lines, but to pay a dividend to stockholders. The company is awash with cash, but much of that money is overseas, and there would be a tax charge if it were repatriated to the USA. For many other companies, the tax-favoured status of debt relative to equity encourages financial engineering. Most large multinational companies have corporate and financial structures of mind-blowing complexity. The mechanics of these arrangements, which are mainly directed at tax avoidance or regulatory arbitrage, are understood by only a handful of specialists. Much of the securities issuance undertaken by Goldman Sachs was not 'helping companies to grow' but represented financial engineering of the kind undertaken at Apple. What — John Kay