Quotes & Sayings About Payments

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars. — Paul Ryan

Fred Harrison claimed in his book Ricardo's Law: House Prices and the Great Tax Clawback System that property owners are generally able to clawback their cumulative income tax payments through gains made from land values, while renters are financially penalized by income taxes. Thus, the progressive income tax is a scam by which the poor subsidize the rich. — Martin Adams

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

There's a transparency revolution sweeping the world. The more you can have transparency of payments, the more you'll be able to follow the money and the more you'll be able to see that payments for mineral rights in poor countries actually go to the people who need it, and don't get put into a kleptocrat's pocket. Transparency is terribly important for us. — Michael Elliott

I'm lucky because my dad taught me to be frugal and save. And that's important because I want to know that I don't have to take an acting job for two or three years if I don't want to and that I'll still be able to make my house and car payments and buy food for my dogs. — Ashley Greene

When I started the business, only banks operated at airports, only banks issued travellers' cheques, only banks issued international payments, only banks serviced their own branch networks. — Lloyd Dorfman

The popular culture says ... Do what you do, your life is predestined, like the installment plan on your house. There's not much you can do about it. Make your payments, live it, get sick, die, don't make any trouble. It is the Master Charge of destiny. Try to get your high credit rating. — Jerzy Kosinski

There was more than one way to think about Mike Burry's purchase of a billion dollars in credit default swaps. The first was as a simple, even innocent, insurance contract. Burry made his semiannual premium payments and, in return, received protection against the default of a billion dollars' worth of bonds. He'd either be paid zero, if the triple-B-rated bonds he'd insured proved good, or a billion dollars, if those triple-B-rated bonds went bad. But of course Mike Burry didn't own any triple-B-rated subprime mortgage bonds, or anything like them. He had no property to "insure" it was as if he had bought fire insurance on some slum with a history of burning down. To him, as to Steve Eisman, a credit default swap wasn't insurance at all but an outright speculative bet against the market - and this was the second way to think about it. — Michael Lewis

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

If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.' — Mitch Daniels

Being able to save, make non-cash payments, send or receive remittances, get credit, or get insurance can be instrumental in raising living standards and helping businesses prosper. It helps people to invest more in education or health care. — Sri Mulyani Indrawati

And everyone knows the job market is crap, so you probably won't be able to find another job."

"Actually, I'm really good at what I--"

"And then you'll start missing your rent payments, and the collection agencies will start calling, and you'll start robbing check-cashing places to get money for drugs, and the next thing you know, you're wearing a set of gold fang dentures. — Nina Post

We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter. That brings cumulative payments under our capital return program to $66 billion. — Peter Oppenheimer

While the feds ... leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds. — Laurence Kotlikoff

We stiffened the penalties for fraud, we extended nationwide efforts to make sure that payments are accurate and they closed a loophole in which people were gaming the system. We didn't change eligibility requirements or reduce the level of benefits. — Kevin Drum

When you're setting up a budget, a general rule is to start with your fixed expenses - your housing and insurance payments, and car payment, if you own one. — Jean Chatzky

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

Nixon clearly broke the law in the cover up of Watergate and hush money payments. That was all criminal activity. With these guys, we're not talking about the kind of common crimes that Nixon committed. I can't tell you whether they are technically breaking the law, but basically, the American government has been hijacked by neoconservatives. They are taking an awful lot of national security operations into the White House. — Seymour Hersh

The costs of placing a four-year-old and an infant in child care exceed annual median rent payments in every state. Despite — Sheryl Sandberg

Take a typical three-hundred-million-dollar CMO. It would be divided into three tranches, or slices of a hundred million dollars each. Investors in each tranche received interest payments. But the owners of the first tranche received all principal repayments from all three hundred million dollars of mortgage bonds held in trust. Not until first tranche holders were entirely paid off did second tranche investors receive any prepayments. Not until both first and second tranche investors had been entirely paid off did the holder of a third tranche certificate receive prepayments. — Michael Lewis

$16 billion in complex securities whose value ultimately turned on the ability of a Las Vegas stripper with five investment properties, or a Mexican strawberry picker with a single $750,000 home, to make rapidly rising interest payments. — Michael Lewis

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

Adults are locked into car payments and divorces and work. They haven't got time to think fresh. — Gary Paulsen

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted. — Mark Skousen

The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans. — Michael Hudson

Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score. — Suze Orman

As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret. — Virginia Postrel

Many, including the Canadian and U.S. governments, try to provide family support while also maintaining a hard line about further fuelling terrorism and hostage-taking through ransom payments ... Still, try telling that to a mother, or a father, or a husband or wife caught in the powerless agony of standing by. — Amanda Lindhout

In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out. — Matt Taibbi

Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card. — Suze Orman

My dad is the first to say that Mum deals with the mortgage payments, the bills, the rota, things like that, while my dad is the emotional one who keeps the home together. He's the nurturer, but together, they work perfectly. — Cush Jumbo

This was the argument put forward during the War when the expenditure on the army and navy had to be met; and this was the argument put forward in Germany and Austria after the War when a part of the population had to be provided with cheap food, the losses on the operation of the railways and other public undertakings met, and reparations payments made. The assistance of inflation is invoked whenever a government is unwilling to increase taxation or unable to raise a loan; that is the truth of the matter. — Ludwig Von Mises

Divorced men are more likely to meet their car payments than their child support obligations. — Susan Faludi

One variety of the balance-of-payments theory attempts to distinguish between the importation of necessaries and the importation of articles that can be dispensed with. Necessaries, it is said, have to be bought whatever their price is, simply because they cannot be done without. Consequently there must be a continual depreciation in the currency of a country that is obliged to import necessaries from abroad and itself is able to export only relatively dispensable articles. To argue thus is to forget that the greater or less necessity or dispensability of individual goods is fully expressed in the intensity and extent of the demand for them in themarket,and thus in the amount of money which is paid for them. However strong the desire of the Austrians for foreign bread, meat, coal, or sugar, may be, they can only get these things if they are able to pay for them. — Ludwig Von Mises

hall?" "As I've told the mayor several times, we're only permitted to speak with those directly involved with the loan itself," Nate replied. "But I know you won't take no for an answer, so I'll fill you in. City council has requested an unusually large amount of loans this year, and we're just trying to make sure we're spreading the wealth fairly." "Has there been a delay of payments on any of the other policies?" Emmett shot back, clearly displeased with Nate's response. "No, that's not it at all. We haven't denied the loan yet, — Jennifer Grayson

A new report shows that medicare and Medicaid made more than $50 Billion in bad payments during fiscal year 2011. Under Obamacare, that'll become known as 'Tuesday.' — Fred Thompson

Structured settlements are a common way for people who have been injured to receive an insurance payout. The periodic payments provide ongoing income and reduce the risk of blowing a lump sum through poor financial choices. — Suze Orman

The error in this conclusion may be most simply demonstrated by means of an actual example. Let us select for this purpose the monetary history of Austria, which Laughlin also uses as an illustration. From 1859 onwards the Austrian National Bank was released from the obligation to convert its notes on demand into silver, and nobody could tell when the State paper-money issued in 1866 would be redeemed, or even if it would be redeemed at all. It was not until the later 'nineties that the transition to metallic money was completed by the actual resumption of cash payments on the part of the Austro-Hungarian Bank. — Ludwig Von Mises

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've put one foot before another and the years have passed, the time marked by late rent payments and the appearance of wrinkles - tiny ones, on the corners of my eyes. They are a reminder of my youth, and of the hourglass that we all live in, grains of sand slipping through the gap of time, each granule adding another wrinkle, another pocket of fat, another sag that I will fight to overcome, another grey hair to pluck or dye. — Alessandra Torre

Several weeks of summer vacation in the Thirties I spent working at $15 a week in the FORBES office ... I worked in the mail cage, where envelopes were slit and subscription payments extracted. Dad used to come pounding down the office aisle and pause long enough to ask, How much today? Inevitably the answer was inadequate-except once. That day the controller said excitedly, Mr. Forbes, the ledger shows a slight profit this month! ... My father turned to him and said, Young man, I don't give a damn what your books show. Do we have any money in the bank? — Malcolm Forbes

In FY 2006, interest payments alone on the national debt cost us $406 billion ... What a waste ... That $406 billion is pathetically squandered on interest, just because we lacked the discipline to pay our bills when due. — Bill Press

The world needs the work of people who are not constantly worried about their rent and mortgage payments. Because it's when you don't worry about the money when your work counts the most. And the world needs that work. And it needs people who don't have to wait until they're 60 years old to actually do it." - Chelsea Baldwin — Chelsea Baldwin

Payfirma has revolutionized the payment process, consolidating mobile, e-commerce and in-store payments under a single solution, much like HootSuite did for social media. — Ryan Holmes

It would be a very odd chancellor of any UK government that insisted on a course of action that cost their own businesses hundreds of millions of pounds, that blew a massive hole in their balance of payments and, because assets and liabilities go hand in hand, would potentially leave the rest of the UK shouldering the entirety of UK debt. — Nicola Sturgeon

Conservatives have proposed cutting pension plans and benefits like contributions to health care. Think for a moment what pensions are: Pensions are delayed payments for work already done. If employees' pensions are cut, the company is stealing their money - money they have already earned. If the corporation says it can no longer pay "generous" benefits, then the company is cutting employees' salaries. "Benefits" are not gifts; "generosity" is not at issue. Benefits are part of pay for work. Corporations — George Lakoff

Satan promises the best, but pays with the worst; he promises honor, and pays with disgrace; he promises pleasure, and pays with pain; he promises profit, and pays with loss, he promises life, and pays with death. But God pays as he promises; all his payments are made in pure gold. — Thomas Brooks

The payments which have been made into the Treasury show the very productive state of the public revenue. — James Monroe

Can't make your payments? No problem. The interest charges keep on coming. In fact, banks prefer it that way. More money for them. The government guarantees it. — Jonathan Raymond

The short-term international capital market is shrunken and erratic, and cannot be relied upon to cushion the effects of tendencies to disequilibrium in the balance of payments. — Gunnar Myrdal

The Oakland chapter's "bondsman" is a handsome middle-aged woman with platinum-blond hair named Dorothy Connors. She has a pine-paneled office, drives a white Cadillac and treats the Angels gently, like wayward children. "These boys are the backbone of the bail-bond business," she says. "Ordinary customers come and go, but just like clockwork, the Angels come down to my office each week to make their payments. They really pay the overhead. — Hunter S. Thompson

Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars. — Franklin D. Roosevelt

When the law interferes with people's pursuit of their own values, they will try to find a way around. They will evade the law, they will break the law, or they will leave the country. Few of us believe in a moral code that justifies forcing people to give up much of what they produce to finance payments to persons they do not know for purposes they may not approve of. When the law contradicts what most people regard as moral and proper, they will break the law - whether the law is enacted in the name of a noble ideal such as equality or in the naked interest of one group at the expense of another. Only fear of punishment, not a sense of justice and morality, will lead people to obey the law. — Milton Friedman

If you think nobody cares if you're alive, try missing a couple of car payments. — Earl Wilson

Somehow, the fact that more poor people are on welfare, receiving more generous payments, does not seem to have made this country a nice place to live - not even for the poor on welfare, whose condition seems not noticeably better than when they were poor and off welfare. Something appears to have gone wrong; a liberal and compassionate social policy has bred all sorts of unanticipated and perverse consequences. — Irving Kristol

With three kids, it was always very, very tight, and it was always a scramble for what was my next job. So I learned never to go into debt because I don't want those monthly payments to preoccupy my thoughts. — William Shatner

The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices; that neither exportation nor importation can occur if there are no differences in prices to make trade profitable. — Ludwig Von Mises

I've met graduating college kids facing loan payments and a bad economy, and they are worried that they won't be able to get a job. This is not the way America needs to be. — Mitt Romney

An intelligence officer from a Middle Eastern country neighboring Syria told me that ISIS members say they are always pleased when sophisticated weapons are sent to anti-Assad groups of any kind, because they can always get the arms off them by threats of force or cash payments. — Patrick Cockburn

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration "went to ridiculous lengths" to increase homeownership in the United State, promoting "paper-thin down payments" and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy. — Max H. Bazerman

Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency. — Jean Chatzky

Our idea with starting Stripe was to build better payments technology for people building things on the web. — John Collison

I just want real creative freedom without worrying about, you know, car payments. — Sean Penn

Institutions that adopt systems and use them in certified ways in 2011 and 2012 could getting about $50,000 per doctor in total payments by being meaningful users of certified EHR technology over the period from 2011 to 2016. — Fred Trotter

When I was in Philadelphia during the Depression in 1930 or '31, I got a very sad job as a night watchman in a garage. The cars in the garage had been abandoned by their owners, since they had lost their jobs and couldn't keep up the payments. — Tom Glazer

Web banking lets you monitor your spending, tweak your budget, schedule payments, and more, particularly if you marry your online bank with the personal-finance management tools available online. — Jean Chatzky

Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards, that pays the bills, but the real profits come from the interest payments and the charges to users that are unexpected. — Richard Thaler

Drug company payments to doctors are a small part of a much larger strategy by Big Pharma to clean our pockets. — Robert Reich

I can use my credit card to send money to the Ku Klux Klan, to antiabortion fanatics, or to anti-homosexual bigots, but I can't use it to send money to WikiLeaks. The New York Times published the same documents. Should we tell Visa and MasterCard to stop payments to the Times? — Jeff Jarvis

Economists have calculated that every dollar invested in high-quality home visitation, day care, and preschool programs results in seven dollars of savings on welfare payments, health-care costs, substance-abuse treatment, and incarceration, plus higher tax revenues due to better-paying jobs.37 — Bessel A. Van Der Kolk

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like. — Martin Feldstein

What is soft power? It is the ability to get what you want through attraction rather than coercion or payments. It arises from the attractiveness of a country's culture, political ideals, and policies. — Joseph S. Nye Jr.

when you get up every day, remember your time is the most precious asset you have and you are taking a step forward to reclaim your freedom. You are pushing against the drag that holds you back. Be cognizant of the price you may have to pay to achieve your goals. Know that these are down payments into the new and free you. Celebrate them. Without the pain, there is no coming alive. — K.J. Kilton

The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment. — Christina Romer

For many women, the on-time payments of domestic support obligations are essential to economic survival. — Elizabeth Warren

Fraudulent and improper payments have long bedeviled Medicare, a $466 billion program. In particular, payments for durable medical equipment, like power wheelchairs and diabetic test kits, are ripe for fraud. — Charles Duhigg

The streets and alleys of the ward were notoriously filthy, and the contractors habitually neglected them, not failing, however, to draw their regular payments from the city treasury. — Ray Stannard Baker

With PayPal, you have to send people over to their website ... whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this. — John Collison

Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink. — Michael Hudson

I believe that what works for the consumer is to be able to determine what they can pay
even if it is nothing. (Just joking.) Unfortunately, so many depend on credit for living expenses, and the lower payments helped them in the immediate term. I am OK with that. For those who want their minimum to be more, you don't have to wait on your credit issuer to increase the payment
do it on your own. For others, at this time, I think it's a horrible idea. — Trina

When you're in your 20s, you're a little more carefree; you're single. You have a very different way of looking at the world and experiencing the world. But later in your 30s, when you have children, a career, career obstacles, mortgages, car payments and relationships, you have to negotiate; that's a very different life. — Melissa De Sousa

Development aid is one of the reasons for Africa's problems. If the West were to cancel these payments, normal Africans wouldn't even notice. Only the functionaries would be hard hit. Which is why they maintain that the world would stop turning without this development aid. — James Shikwati

Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that. — Patrick Collison

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly. — Martin Feldstein

In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, womans premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, until death doth part. — Emma Goldman

Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters that followed. Political rhetoric, echoed in the media, seeks to obscure that painfully plain fact. — Thomas Sowell

The danger I faced was not accepted as reasonable grounds for deferring my tax payments, as authorities, who despite being told all of this, still chose to pursue action against me, as opposed to finding an alternative solution. — Lauryn Hill

This product that was on TV was available for four easy payments of $19.95. I would like a product that was available for three easy payments and one complicated payment. We can't tell you which payment it is, but one of these payments is going to be hard. The mailman will get shot, the envelope will not seal, the stamp will be in the wrong denomination. The final payment must be made in wampum. — Mitch Hedberg

Fewer and fewer large and medium-sized companies offer their workers full health-care coverage - 74 percent did in 1980, under 10 percent do today. As a result, health insurance premiums, co-payments, and deductibles are soaring. — Robert B. Reich

Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost of a death. This statistical value of a life in the US amounts to circa $6.5 million. — Joseph Stiglitz

An enormous semiofficial drug-smuggling operation was established in order to improve Britain's unfavorable balance of payments with China - the direct result of the British love of tea. — Tom Standage

There is no more reprehensible god playing than the use of children for sexual gratification, the exploitation of widows and their children by distant relatives after the death of a father, the misuse of police powers to extort false confessions and protect the perpetrators of sexual violence, or the serial enslavement of generation after generation to extract payments on unpayable debts. All of these and more are abuses of power that IJM targets in countries around the world where the public justice system does not work on behalf of the poor and powerless. — Andy Crouch

For some reason, we see long-term travel to faraway lands as a recurring dream or an exotic temptation, but not something that applies to the here and now. Instead - out of our insane duty to fear, fashion, and monthly payments on things we don't really need - we quarantine our travels to short, frenzied bursts. In this way, as we throw our wealth at an abstract notion called "lifestyle," travel becomes just another accessory - a smooth-edged, encapsulated experience that we purchase the same way we buy clothing and furniture. — Rolf Potts

If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me. — Barry Sternlicht

The prosperity which now prevails is without parallel in our history. Fruitful seasons have done much to secure it, but they have not done all. The preservation of the public credit and the resumption of specie payments, so successfully attained by the Administration of my predecessors, have enabled our people to secure the blessings which the seasons brought. — James A. Garfield

True salvation is wholly a work of God. It is said to be both a finished work and a gift, and, therefore, it lays no obligation upon the saved one to complete it himself, or to make after payments of service for it. — Lewis Sperry Chafer

You know Chad's definition of the New Poor? People who are too far behind with time-payments on next year's model to make the down-payment on the one for the year after? — John Brunner

If the big banks expect to buy influence when they give money to favored think tanks, then the public has a right to know. If the big banks don't expect to buy influence and are merely making charitable contributions, then their shareholders have a right to know. Either way, there's no excuse for keeping these payments secret. — Elizabeth Warren

When you have the money- and "you" are a big, economically and culturally vital nation- you get more than just a higher standard of living for your citizens. You get power and influence, and a much-enhanced ability to act out. When the money drains out, you can maintain the edge in living standards of your citizens for a considerable time (as long as others are willing to hold your growing debt and pile interest payments on top). But you lose power, especially the power to ignore others, quite quickly, though hopefully, in quiet, nonconfrontational ways.And you lose influence- the ability to have your wishes, ideas, and folkways willingly accepted, eagerly copied, and absorbed into daily life by others. — Stephen S. Cohen

One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits - a total of $3.8m on a $120,000 investment. — Chris Christie