Debt Quotes - Page 32

• There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom. You want to help people de-leverage and deal with those debts over time.

  George Osborne

  Country, People, Want

  Source: blog.moneysavingexpert.com

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• We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.

  George Osborne

  People, Giving, Work Out

  Source: blog.moneysavingexpert.com

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• We are pretty tough in saying for example if you've got unsecured debts and less than £25,000 that should not be an excuse for repossessing someone's home.That should not be allowed.You have got to help manage people through this process. I don't want to pretend that it is going to be easy getting out of Gordon Brown's hole.

  George Osborne

  Home, People, Example

  "The Big Interview Transcript: George Osborne". Interview With Martin Lewis, blog.moneysavingexpert.com. March 16, 2010.

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• [Banks] have a clear obligation to help get this country off its addiction to debt because they sure as hell helped to get this country addicted to debt.

  George Osborne

  Country, Addiction, Helping

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• We can help people. We have got to move this economy from its over-dependence on debt. People should have manageable debts, a manageable mortgage.

  George Osborne

  Moving, Should Have, People

  Source: blog.moneysavingexpert.com

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• Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.

  Philip Kotler

  Fall, Gdp, People

  Source: bobmorris.biz

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• Too much of the income gains go to too few people, even though all of the stakeholders worked together to make their companies successful. By failing to put enough income into more hands, the GDP grows slower and consumers manage to meet their needs by incurring high levels of debt.

  Philip Kotler

  Successful, Hands, Gdp

  Source: bobmorris.biz

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• On a nationwide basis, I would guess that the various churches would have to pay annually an amount at least equal to the national debt. But it's impossible for me to make an exact estimate, because the churches hide their wealth in every way they can - deliberate falsification as to the value of property, registering it under phony names in order to obscure the fact that the Church owns the property.

  Madalyn Murray O'Hair

  Order, Names, Church

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• I think of what's happening in Detroit as part of something that's much bigger. Most people think of the decline of the city as having to do with African-Americans and being in debt, and all the issues like crime and bad housing. But what happened is that when globalization took place, following World War II, Detroit's role as the center and the symbol of industrialization was destroyed. It wasn't because we had black citizens mainly or a black mayor; it was because the world was changing.

  Grace Lee Boggs

  War, Thinking, Issues

  Source: www.guernicamag.com

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• It's very painful to be in debt. I'm the kind of person who would rather almost die than go into debt.

  Mark Helprin

  Kind, Painful, Persons

  Source: americasfuture.org

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• It's been a real success - one of the great business successes in the United States - to break down organization, to separate people too: it's part of consumerism. If you can drive people toward individual consumption, that's the highest goal in life. And furthermore, drive them into debt so they're trapped. You don't have to worry about a democracy function because people are trapped and they're alone.

  Noam Chomsky

  Real, Organization, People

  Source: www.truth-out.org

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• Currently, the United States has troops in dozens of countries and is actively fighting in Iraq, Syria, Libya, and Yemen (with the occasional drone strike in Pakistan). In addition, the United States is pledged to defend 28 countries in NATO. It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt.

  Rand Paul

  Country, Military, Fighting

  Source: www.realclearpolitics.com

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• When I had dinner with a friend or a loved one and one of you pays for the check and the other says, "I owe you next time." I like to think that we're eternally even - that they don't owe me anything or I don't owe them anything if you have a connection with somebody or a love with somebody. I like to think that there's no debt to pay. You love each other and you're happy to pay for dinner every time.

  Jim James

  Thinking, Connections, Dinner

  Source: www.interviewmagazine.com

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• I often think that the reason capitalism hasn't completely destroyed everything is that a huge amount of anti-capitalist endeavor goes on, from labors of love, nurture, friendship, and barter to gift economies and different kinds of exchanges, not just one alternate model but a whole host of other ways in which we engage with each other and with the world that aren't financial and debt-based.

  Rebecca Solnit

  Thinking, Goes On, World

  Source: www.guernicamag.com

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• The fascinating thing about standard economic stories is exactly that: they assume that everybody wants that kind of closure. That all human relations are forms of exchange, because if everything is an exchange then it's true that we're both equals. We walk up, I give you something, you give me something, and we walk away. Or I give you something, you don't give me something right now, and you owe me. So if we have any ongoing relationships at all, it's because somebody is in debt.

  David Graeber

  Giving, Stories, Ongoing

  Source: www.guernicamag.com

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• Debt - like sin - implies that one party in the transaction didn't live up to expectations, at least in the moment, and has done something wrong.

  David Graeber

  Party, Expectations, Done

  Source: www.guernicamag.com

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• People don't have an ongoing relation unless it's a form of debt because everything is an exchange, so ongoing relationships are incomplete exchanges, and therefore one party is probably to blame - more likely than not, both are. Sociality itself seems to become like a matter of sin, and inherently wrong.

  David Graeber

  Party, People, Ongoing

  Source: www.guernicamag.com

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• If you imagine that everything is an exchange, then we're supposed to just transact and walk away. If we haven't walked away and we still have a relationship, it's because there's a debt.

  David Graeber

  Imagine, Walks, Stills

  Source: www.guernicamag.com

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• The French debt will remain massive. Savings should be made with cuts to the generous social system, which grants illegal immigrants the same protections as it does our citizens.

  Marine Le Pen

  Cutting, Doe, Citizens

  Source: www.spiegel.de

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• People have tried to control other people by trapping them with debt. A loan can become a harmful and dangerous weapon.

  Kabir Sehgal

  People, Weapons, Loan

  Source: bobmorris.biz

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• It is important to understand that the most important currency is social debt. Doing things for others. In order to get, you have to give.

  Kabir Sehgal

  Order, Giving, Important

  Source: bobmorris.biz

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• Jane was my wicked stepmother: she was generous, affectionate and resourceful; she salvaged my schooling and I owe her an unknowable debt for that. One flaw: sometimes, early on, she would tell me things designed to make me think less of my mother, and I would wave her away, saying, Jane, this just backfires and makes me think less of you.

  Martin Amis

  Mother, Thinking, Wicked

  "When darkness met light" by Martin Amis, www.theguardian.com. May 11, 2000.

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• Debt is part of the human condition. Civilization is based on exchanges - on gifts, trades, loans - and the revenges and insults that come when they are not paid back.

  Margaret Atwood

  Revenge, Civilization, Insult

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• After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money that we don't have. But instead of cutting, we saw an unprecedented explosion of government spending and debt. It was unlike anything we've ever seen before in the history of the country.

  Michele Bachmann

  Country, Cutting, Government

  Michele Bachmann's response to State of the Union, www.cnn.com. January 26, 2011.

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• I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

  Michele Bachmann

  Thinking, Government, People

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