Debt Quotes - Page 11

• every issue that we deal with in this country has a moral component to it. And so, to divorce a moral component to the debt burden we're leaving the next generation, the tax structure to how we spend our money in Washington, and how we - you know, how we value human life - I mean, all of those things, to me interrelate. They're not - they're not separate issues.

  Rick Santorum

  Country, Mean, Divorce

  Source: cnnpressroom.blogs.cnn.com

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• 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

  Running, Mean, Home

  "Gore Vidal, Novelist of U.S. Past Sees an Empire Replacing Republic He So Admired". Interview with Robert Scheer, www.latimes.com. December 15, 1991.

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• There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.

  Warren Buffett

  America, Worry, Inappropriate

  Source: www.businessinsider.com

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• We live in a world with serious class complexes. It is one thing to be a college student with loan debts and another thing to be just dirt poor for your entire life. The challenge is to come up with more complex understandings of where we are, more global awareness of what connects Americans with what is happening with suffering and oppressed people all around the world.

  Bell Hooks

  College, Class, People

  Source: bknation.org

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• Student loan debt is crushing young people. And so they're not doing the things we would expect them to do. They're not moving out of their parents' homes in as big a numbers, they're not saving up money for down payments, they're not buying homes or cars or starting small businesses or doing any of the things that help move this economy forward.

  Elizabeth Warren

  Crush, Moving, Home

  "Sen. Warren Introduces Bill On Student Debt". "Here & Now" with Jeremy Hobson, www.wnyc.org. May 6, 2014.

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• The need for comprehensive reform must not blind us to the urgency of addressing the massive debt that's already crushing our young people.

  Elizabeth Warren

  Crush, People, Needs

  "Sen. Warren Introduces Bill On Student Debt". "Here & Now" with Jeremy Hobson, www.wnyc.org. May 6, 2014.

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• Death. To die. To expire. To pass on. To perish. To peg out. To push up daisies. To push up posies. To become extinct. Curtains, deceased, Demised, departed And defunct. Dead as a doornail. Dead as a herring. Dead as a mutton. Dead as nits. The last breath. Paying a debt to nature. The big sleep. God's way of saying, "Slow down."

  Patch Adams

  Sleep, Departed, Way

  "Fictional character: Hunter Patch Adams". "Patch Adams", www.imdb.com. 1998.

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• Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

  Bill Gross

  Gdp, Growth, Tendencies

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• 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

  Country, World Government, Race

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• Debts are a heavy burden. Throw them off, and you walk free.

  Paolo Bacigalupi

  Burden, Heavy, Walks

  Paolo Bacigalupi (2012). “The Drowned Cities: Number 2 in series”, p.99, Hachette UK

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• It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people's credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.

  Thomas A. Edison

  Country, Government, People

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• Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.

  Alexa Von Tobel

  Mean, Thinking, Years

  "Just in Time for Graduation: 6 Steps to Attack Credit Card Debt" by Alexa Von Tobel, www.huffingtonpost.com. May 20, 2010.

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• Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.

  Alexa Von Tobel

  Senior, Mistake, School

  "Financial Education: The Solution for the Future of Our Economy?" by Alexa Von Tobel, www.huffingtonpost.com. June 22, 2010.

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• Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.

  Meredith Whitney

  Real, Past, Years

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• I balanced the budget for four straight years, paid off $405 billion in debt - pretty conservative. The first entitlement reform of your lifetime - in fact, the only major entitlement reform now is welfare.

  Newt Gingrich

  Years, Four, Firsts

  "Cain to Push Passage of 9-9-9 Plan if Conservative Republican Occupies White House". "Hannity", www.foxnews.com. December 16, 2011.

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

  Jerry Bridges

  Sin, Possibility, Paid

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• Expenditure--like ugliness and errors--becomes a totally new thing when we attach our own personality to it, and measure it by that wide difference which is manifest (in our own sensations) between ourselves and others.

  George Eliot

  Money, Errors, Differences

  George Eliot (2016). “Middlemarch: Top Novelist Focus”, p.512, 谷月社

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• 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

  Men, Differences, People

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• The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.

  Peter Thiel

  Two, Growth, Progress

  Interviewed with Victoria Brown, bigthink.com. November 15, 2010.

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• 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

  Technology, Thinking, Creating

  Source: bigthink.com

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• Praise is a debt we owe unto the virtue of others, and due unto our own from all whom malice hath not made mutes, or envy struck dumb.

  Thomas Browne

  Envy, Dumb, Praise

  Sir Thomas Browne (1844). “Religio Medici [and] Its Sequel Christian Morals”, p.152

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• Be assured that it gives much more pain to the mind to be in debt, than to do without any article whatever which we may seem to want.

  Thomas Jefferson

  Pain, Giving, Mind

  Thomas Jefferson (2006). “The Quotable Jefferson”

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• We still leave unblotted in the leaves of our statute book, for the reverence and admiration of successive ages, the just and wholesome law which declares that the sturdy felon shall be fed and clothed, and that the penniless debtor shall be left to die of starvation and nakedness. This is no fiction.

  Charles Dickens

  Book, Law, Age

  "The Pickwick Papers". Book by Charles Dickens, Chapter 42, 1836.

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• Governments are necessarily continuing concerns. They have to keep going in good times and in bad. They therefore need a wide margin of safety. If taxes and debt are made all the people can bear when times are good, there will be certain disaster when times are bad.

  Calvin Coolidge

  Government, People, Safety

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• Our domestic problems are for the most part economic. We have our enormous debt to pay, and we are paying it. We have the high cost of government to diminish, and we are diminishing it. We have a heavy burden of taxation to reduce, and we are reducing it. But while remarkable progress has been made in these directions, the work is yet far from accomplished.

  Calvin Coolidge

  Government, Progress, Taxation

  Calvin Coolidge (1924). “Message of the President of the United States to the Congress at the Beginning of the Second Session of the Sixty-eighth Congress, December 3 1924”

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