Debt Quotes - Page 20

• Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.

  Llewellyn Rockwell

  Government, Choices, Expansion

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• Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.

  Addison Wiggin

  Real, United States, Social

  Addison Wiggin (2005). “The Demise of the Dollar... and Why It's Great For Your Investments”, Wiley

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• The only frontier now left to exploit is not a frontier in space but a frontier in time. We steal the future from our children by plunging massively deeper and deeper into debt.

  Terence McKenna

  Children, Space, Stealing

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• I'm not sure about this Live 8 thing. Correct me if I am wrong, but are they hoping that one of these guys from the G8 is on a quick 15-minute break at Gleneagles and sees Annie Lennox singing "Sweet Dreams" and thinks: "F... me, she might have a point there, you know." It's not going to f... happen, is it? Keane doing "Somewhere Only We Know" and some Japanese businessman going: "Aw, look at him...we should really f... drop that debt, you know." It's not going to happen, is it?

  Noel Gallagher

  Dream, Sweet, Thinking

  "The Gallagher interview in full". www.theguardian.com. June 19, 2005.

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• How can we feel our need of His help, or our dependence on Him, or our debt to Him, or the nature of His gift to us, unless we know ourselves.... This is why many in this age (and in every age) become infidels, heretics, schismatics, disloyal despisers of the Church.... They have never had experience of His power and love, because they have never known their own weakness and need.

  John Henry Newman

  Love Is, Age, Church

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• Our Nation owes a lasting debt of gratitude to all those selfless members of our Armed Forces who have risked their own freedom and safety to defend the the lives and liberty of others.

  William J. Clinton

  Gratitude, Safety, Liberty

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• We should have a debt that grows our productivity, we cant borrow to pay salaries. I can borrow to build power plants.

  Babatunde Fashola

  Should Have, Pay, Salary

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• The economy needs a stimulus. We MUST borrow. The notion of debt as a sin or something evil should be reviewed.

  Babatunde Fashola

  Evil, Needs, Sin

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• But I must work on in full calmness and serenity... The world concerns me only in so far as I feel a certain debt and duty towards it, because I have walked on the earth for thirty years, and out of gratitude want to leave some souvenir in the shape of drawings or pictures, not made to please a certain tendency in art, but to express a sincere human feeling. So this work is the aim-and through concentration upon that one idea, everything one does is simplified. Now the work goes slowly-a reason the more to lose no time.

  Vincent Van Gogh

  Gratitude, Art, Years

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• I am fighting for those middle-class families who want us to deal with our debt and deficit, but they also want the investments that are critical to our country moving forward.

  Patty Murray

  Country, Moving, Fighting

  "Murray: I will chair Senate Budget" by Scott Wong, www.politico.com. November 15, 2012.

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• What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.

  Paul Krugman

  Jobs, Government, Stressed

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• There is much unexplained in the world. It behooves us to be wary at all times. Just when you think you've got the hang of it, along comes string theory, collateralized debt obligations or Björk's new album, and bam! You're as confused as you were when you first started.

  Jasper Fforde

  Confused, Thinking, Albums

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• Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest.

  Napoleon Bonaparte

  War, Terrorism, Privatization

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• All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

  John Kenneth Galbraith

  Fashion, Mean, Scales

  John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.21, Penguin

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• We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded.

  William Easterly

  Thinking, Practice, Democracy

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• The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.

  Peter Schiff

  Country, Unique, Play

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• As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street. It's the growing federal debt (and weakening dollar) being enacted by those Washington politicians - the ones who want to protect us from Wall Street.

  Tony Blankley

  Wall, Risk, Dollars

  "Washington Is Nuts" by Tony Blankley, townhall.com. October 14, 2009.

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• [S]ound policy condemns the practice of accumulating debts.

  Alexander Hamilton

  Practice, Policy

  Alexander Hamilton (1850). “Miscellanies, 1774-1789: A full vindication; The farmer refuted; Quebec bill; Resolutions in Congress; Letters from Phocion; New-York Legislature, etc”, p.458

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• Establish that a Government may decline a provision for its debts, though able to make it, and you overthrow all public morality, you unhinge all the principles that must preserve the limits of free constitutions.

  Alexander Hamilton

  Government, Principles, May

  Alexander Hamilton (1973). “Papers”

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• But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.

  Alexander Hamilton

  Real, Community, Add

  Nancy Spannaus, Christopher White, Alexander Hamilton, Thomas More, Henry VIII (2015). “The Political Economy of the American Revolution”, p.425, Executive Intelligence Review

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• There are respectable individuals, who from a just aversion to an accumulation of Public debt, are unwilling to concede to it any kind of utility, who can discern no good to alleviate the ill with which they suppose it pregnant; who cannot be persuaded that it ought in any sense to be viewed as an increase of capital lest it should be inferred, that the more debt the more capital, the greater the burthens the greater the blessings of the community.

  Alexander Hamilton

  Blessing, Community, Aversion

  United States. Department of the Treasury, Alexander Hamilton (1791). “Report of the Secretary of the Treasury of the United States, on the Subject of Manufactures: Presented to the House of Representatives, December 5, 1791”, p.25

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• You know, when Republicans were in charge, we doubled the debt. But, now, our concern is the Democrats are in charge and they're tripling the debt. So, really, our concern is that we want smaller government.

  Rand Paul

  Government, Want, Republican

  "Rand Paul Says He Has A Tea Party 'Mandate'". "All Things Considered" with Robert Siegel, www.npr.org. May 19, 2010.

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• 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

  Cities, Income, Levels

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• 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

  Cutting, Fire, Wife

  Bill Maher (2006). “New Rules: Polite Musings from a Timid Observer”, p.189, Rodale

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• You normally don't get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value.

  Jane Bryant Quinn

  Minus, Margins, Security

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