Debt Quotes - Page 29

• If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.

  Michael Hudson

  Income, Three, Cards

  Source: www.counterpunch.org

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• We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF basically is implying (and it was explicit regarding Greece), but its not spelling it out, because that's not what can be said in polite company.

  Michael Hudson

  Writing, Way, Imf

  Source: www.counterpunch.org

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• You'll have to have the governments sell off all of their public domains; sell off their railroads, sell off their public land. You'll essentially have to introduce neo-feudalism. You'll have to roll the clock of history back a thousand years, and reduce the European population to debt slavery. It's as simple a solution as the Eurozone has imposed on Greece. And it's a solution that the leaders and the banks are urging for responsible economists to promote for the population at large.

  Michael Hudson

  Simple, Government, Years

  Source: www.counterpunch.org

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• The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.

  Michael Hudson

  Mean, Cutting, Pension Plans

  Source: www.counterpunch.org

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• Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, so it's all an illusion that the system can be saved. The question is, how long are people going to be willing to live in this illusion?

  Michael Hudson

  Long, People, Pay

  Source: www.counterpunch.org

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• There is a thing called clean coal. Coal will last for 1,000 years in America. Now we have natural gas and so many other things because of technology. We have unbelievable - we have found over the last seven years, we have found tremendous wealth right under our feet. So good. Especially when you have $20 trillion in debt.

  Donald Trump

  Technology, Years, Feet

  Source: www.washingtonpost.com

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• I will bring our energy companies back. They'll be able to compete. They'll make money. They'll pay off our national debt. They'll pay off our tremendous budget deficits, which are tremendous.

  Donald Trump

  Energy, Pay, Able

  Donald Trump during Presidential Debate at Washington University St. Louis, Missouri, www.nytimes.com. October 10, 2016.

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• The Republican Party cannot be anti-trade, anti-immigrant, not out there practicing the politics of people, you know, the issues surrounding drug addiction and mental illness and the cost of prescription drugs and healthcare and student debt and all of these things are very personal to people now.

  John Kasich

  Party, Issues, People

  Source: uk.businessinsider.com

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• I want to make college debt-free and for families making less than $125,000, you will not get a tuition bill from a public college or university if the plan that I worked on with Bernie Sanders is enacted.

  Hillary Clinton

  College, Debt Free, Tuition

  Transcript of the Third Presidential Debate, www.nytimes.com. October 20, 2016.

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• We have, during his regime, during President Obama's regime, we've doubled our national debt. We're up to $20 trillion.

  Donald Trump

  President, Regimes, President Obama

  Transcript of the Third Presidential Debate, www.nytimes.com. October 20, 2016.

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• When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds.

  Hillary Clinton

  Husband, Cutting, Two

  Transcript of the Third Presidential Debate, www.nytimes.com. October 20, 2016.

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• One of the ways you go after the debt, one of the ways you create jobs is by investing in people.

  Hillary Clinton

  Jobs, People, Investing

  Transcript of the Third Presidential Debate, www.nytimes.com. October 20, 2016.

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• I do not add a penny to the national debt.

  Hillary Clinton

  Add, Pennies, National Debt

  Transcript of the Third Presidential Debate, www.nytimes.com. October 20, 2016.

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• What Donald Trump is proposing with these massive tax cuts will result in a $20 trillion additional national debt. That will have dire consequences for Social Security and Medicare.

  Hillary Clinton

  Cutting, Social, Results

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• Job insecurity, debt servitude, poverty, incarceration and a growing network of real and symbolic violence have entrapped too many young people in a future that portends zero opportunities and zero hopes. This is a generation that has become the new register for disposability, redundancy, and new levels of surveillance and control.

  Henry Giroux

  Jobs, Zero, Real

  Source: www.truth-out.org

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• For the first time in living memory, the whole class of graduates faces a future of crushing debt, and a high probability, almost the certainty, of ad hoc, temporary, insecure and part-time work and unpaid 'trainee' pseudo-jobs deceitfully rebranded as 'practices' - all considerably below the skills they have acquired and eons below the level of their expectations.

  Zygmunt Bauman

  Crush, Jobs, Memories

  Source: www.truth-out.org

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• In this particular historical moment, the notion of conjuncture helps us to address theoretically how youth protests are largely related to a historically specific neoliberal project that promotes vast inequalities in income and wealth, creates the student-loan-debt bomb, eliminates much-needed social programs, eviscerates the social wage, and privileges profits and commodities over people.

  Henry Giroux

  People, Historical, Income

  Source: www.truth-out.org

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• I remember, and I will never forget, one day - I was six years old and I was playing beside the road and this plantation owner drove up to me and stopped and asked me "could I pick some cotton." I told him I didn't know and he said, "Yes, you can. I will give you things that you want from the commissary store," and he named a huge list that he called off. I picked the 30 pounds of cotton that week, but I found out what actually happened was he was trapping me into beginning the work I was to keep doing and I never did get out of his debt again.

  Fannie Lou Hamer

  Years, Yes You Can, Giving

  Source: www.encyclopedia.com

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• We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt.

  Kshama Sawant

  War, Recovery, World

  Source: www.socialistalternative.org

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• I think we're at a really unique moment right now because the American people are waking up to the fact that it is a race to the bottom between these two corporate parties that are sending jobs overseas, putting downward pressure on wages, starving people out of healthcare, locking an entire generation into unpayable predatory student loan debt.

  Jill Stein

  Jobs, Party, Unique

  Source: www.cpa-connecticut.com

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• There's one other element I just want to be sure to mention here: that is that there are 43 million young people who are locked into predatory student loan debt for whom there is no way out in the foreseeable future given the economy that we have: this predatory Wall Street driven financialized low-wage service industry economy.

  Jill Stein

  Wall, People, Want

  Source: www.cpa-connecticut.com

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• The jobs that have come back have been extremely insecure low-wage benefit poor temporary jobs. Young people are screwed. They don't have a way to pay off their debt. And when they discover that they could come out and vote Green to cancel that debt, that I am the one candidate who will bail out the students like we bailed out the crooks on Wall Street, then it becomes an irresistible motivation to actually come out and vote Green.

  Jill Stein

  Jobs, Motivation, Wall

  Source: www.cpa-connecticut.com

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• I just want to note that 43 million young people in debt is enough to win a three-way Presidential race.

  Jill Stein

  Winning, Race, People

  Source: www.cpa-connecticut.com

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• In the words of Alice Walker, the biggest way people give up power is by not knowing we have it to start with. We have it: just to look at the power of fighting student debt or 25 million Latinos who learned that the Republicans are the party that hate and fear but Democrats are the party of people deportation and detention.

  Jill Stein

  Giving Up, Hate, Party

  Source: www.cpa-connecticut.com

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• You can see our media appearances as well as connect to Our Power to the People Agenda, Our Green New Deal, our plan to abolish student debt and our plan to actually create a whole new foreign policy based on international law and human rights.

  Jill Stein

  Media, Law, Rights

  Source: www.cpa-connecticut.com

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