Third 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

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

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

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

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

From the age of 8, I was running media campaigns on global issues back home in Australia. I was ever so slightly precocious. I would meet with senior Australian government officials, including the prime minister and foreign minister, proposing various solutions to third-world debt and malnutrition. — Jeremy Heimans

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

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

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

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

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

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

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

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

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

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

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

President Obama has almost doubled our national debt to more than $19 trillion, and growing. And yet, what do we have to show for it? Our roads and bridges are falling apart, our airports are in Third World condition, and forty-three million Americans are on food stamps. — Donald Trump

The International Monetary Fund basically acted as the world's debt enforcers - "You might say, the high-finance equivalent of the guys who come to break your legs." I launched into historical background, explaining how, during the '70s oil crisis, OPEC countries ended up pouring so much of their newfound riches into Western banks that the banks couldn't figure out where to invest the money; how Citibank and Chase therefore began sending agents around the world trying to convince Third World dictators and politicians to take out loans (at the time, this was called "go-go banking"); how they started out at extremely low rates of interest that almost immediately skyrocketed to 20 percent or so due to tight U.S. money policies in the early '80s; how, during the '80s and '90s, this led to the Third World debt crisis; how the IMF then stepped in to insist that, in order to obtain refinancing, poor countries would be obliged to abandon price supports on — David Graeber

There is a third silent party to all our bargains. The nature and soul of things takes on itself the guaranty of the fulfillment of every contract, so that honest service cannot come to loss. If you serve an ungrateful master, serve him the more. Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer. — Ralph Waldo Emerson

Why do our parents have the ability to make us feel like children even when our hair is graying and we have a mortgage that feels like a Third World debt? (135) — Michael Robotham

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

The old family carriage and the two lady's maids were there,
as necessaries of life; but London society was not within her reach. It was therefore the case that they had not heard very much about Lizzie Eustace. But they had heard something. "I hope she won't be too fond of going out," said Amelia, the second girl.
"Or extravagant," said Georgina, the third.
"There was some story of her being terribly in debt when she married Sir Florian Eustace," said Diana, the fourth.
"Frederic will be sure to see to that," said Augusta, the eldest.
"She is very beautiful," said Lydia, the fifth.
"And clever," said Cecilia, the sixth.
"Beauty and cleverness won't make a good wife," said Amelia, who was the wise one of the family.
"Frederic will be sure to see that she doesn't go wrong," said Augusta who was not wise. — Anthony Trollope

We are people of worship and work in service to God and to each other. It's that simple. It's that hard. While many run from Islam, or from poverty, immigration, AIDS, third-world debt relief, the church runs toward them all. It is a dangerous mission. But it is the mission to which God has called us. In our baptism, he calls us to a life of search and rescue. Each time we gather, we do so with the full knowledge that we are being sent. Sent to usher in the shalom of God, to bring shalom to every person, space, and place. The first step in not killing your Muslim neighbor is to join a church that reads the gospels (particularly Luke 10) and puts those words into action. We're moving beyond stereotypes. The future depends upon it. Beyond fear. Beyond anger. Beyond rage. Beyond caricatures. So be bold. And do not be afraid. — Joshua Graves

One by one, these governments came undone, and were forced into IMF tutelage (and national illegitimacy) by the careening oil prices, the debt imbroglio, and falling terms of trade. The last of these governments to fall were the Communist regimes of eastern Europe, which have now gone the way of other Third World countries. The second in the cascade of bifurcations is thus symbolized by 1989. — Immanuel Wallerstein

During the past quarter of a century, most developing countries have liberalized trade to a huge degree. They were first pushed by the IMF and the World Bank in the aftermath of the Third World debt crisis of 1982. There was a further decisive impetus towards trade liberalization following the launch of the WTO in 1995. During the last decade or so, bilateral and regional free trade agreements (FTAs) have also proliferated.Unfortunately, during this period, developing countries have not done well at all, despite (or because of, in my view) massive trade liberalization, — Ha-Joon Chang

If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty. — David Korten

Stop and think about it: even just leveling the playing field with China for a decade would be the equivalent of one-fifth of our national debt (and would have been one-third of our debt had we not elected the community organizer). You add in several hundred billion a year from putting OPEC in line, hundreds of billions from negotiating properly with the many other countries that are ripping us off, root out the hundreds of billions of incredible fraud that occur every year (more on that later), and now we have a debt problem America can manage - one where we can attack waste and abuse and whittle down the remaining debt to get our fiscal house in order. So that's the first step: bringing home the hundreds of billions of dollars that the petro thugs at OPEC and our enemy China steal from us every single year - and then go after all of the others. — Donald J. Trump

Global warming, the ongoing destruction of the planet, Third World debt, the uselessness of the railways, the takeover by the corporations, the scary George Bush person: all these things are important and should be animating me into outrage. Yet somehow they do not. — Arthur Smith

A father has done but a third of his task when he begets children and provides a living for them. He owes men to humanity, citizens to the state. A man who can pay this threefold debt and neglect to do so is guilty, more guilty, perhaps, if he pays it in part than when he neglects it entirely. He has no right to be a father if he cannot fulfil a father's duties. Poverty, pressure of business, mistaken social prejudices, none of these can excuse a man from his duty, which is to support and educate his own children. — Jean-Jacques Rousseau

Nothing is ever black and white, Nila. You should know that bu now. Its all how you survive the grey." -Kes — Pepper Winters

The combination of these two trends - declining real wages and inflated asset prices - led the American middle class to use debt as a substitute of income. People lacked adequate earnings but felt wealthier. A generation of Americans grew accustomed to borrowing against their homes to finance consumption, and banks were more than happy to be their enablers. In my generation, second mortgages were considered highly risky for homeowners. The financial industry re-branded them as home equity loans, and they became ubiquitous. Third mortgages, even riskier, were marketed as 'home equity lines of credit. — Robert Kuttner

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

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

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

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

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

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

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 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

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

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