Debt Quotes - Page 37

• The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.

  Jonathan Sacks

  Biblical, America, Should Have

  "Rediscovering Religious Values in the Market Economy" by Chief Rabbi Lord Sacks, www.huffingtonpost.com. December 12, 2011.

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• We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

  Rick Santelli

  Government, Going Away, Mountain

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• My grandmother told me: 'Never be in debt to anyone or anything.' Which is probably why I've never been financially extravagant - I still go to Costco. I'm always conscious of living within my means.

  Jill Scott

  Mean, Grandmother, Conscious

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• The perils of credit and debt, especially perilous in the computer age, have long been acknowledged in pop culture, but very infrequently by TV.

  Tom Shales

  Long, Age, Culture

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• 'The Sopranos' gets praised as novelistic, but it follows the most banal of life patterns, showing the sheer tedium of being a mobster. It has dead spots, boring plotlines, weak episodes. Characters develop slowly, or don't. Like viewers, a gangster might get bored, fade out of the action, then come back to find none of his debts forgotten.

  Rob Sheffield

  Character, Bored, Patterns

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• For families across the UK who are income-poor, but more than that, whose lives are blighted by worklessness, educational failure, family breakdown, problem debt and poor health, as well as other problems, giving them an extra pound - say through increased benefits - will not address the reason they find themselves in difficulty in the first place.

  Iain Duncan Smith

  Educational, Giving, Benefits

  "Iain Duncan Smith to unveil new ways of measuring child poverty" by Patrick Wintour, www.theguardian.com. November 14, 2012.

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• Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

  Iain Duncan Smith

  Needs, Shapes, Economy

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• 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

  Baby, Gratitude, Giving

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• The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.

  Eliot Spitzer

  Political, Ceilings, Able

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• In this business, if you don't pay your debts you're finished.

  Roger Stone

  Pay, Finished, Ifs

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• After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.

  John Sununu

  Answers, Chance, Default

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• Households and businesses cut expenses every day. Passing a financial down payment alongside the debt limit sends the right message to the public, and gives members of Congress greater comfort, or cover, depending on your perspective.

  John Sununu

  Cutting, Giving, Perspective

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• The debt-ceiling vote isn't about what will be done in the future; it is about the integrity of America's commitment to support the bonds we issue. Elected officials have an obligation to maintain that integrity, regardless of whether they voted for the programs that required the borrowing in the first place.

  John Sununu

  Integrity, Commitment, America

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• Being unemployed is even more disastrous for individuals than you'd expect. Aside from the obvious harm - poverty, difficulty paying off debts - it seems to directly affect people's health, particularly that of older workers.

  James Surowiecki

  People, Poverty, Individual

  "No End in Sight". www.newyorker.com. April 30, 2012.

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• The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.

  James Surowiecki

  Country, Ceilings, United States

  "Smash the Ceiling". www.newyorker.com. August 1, 2011.

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• When Americans think of college these days, the first word that often comes to mind is 'debt.' And from 'debt' it's just a short hop to other unpleasant words, like 'payola,' 'kickback,' and 'bribery.'

  James Surowiecki

  College, Thinking, Mind

  "Rent-Seekers". www.newyorker.com. August 13, 2007.

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• Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.

  Matt Taibbi

  Airplane, Two, United States

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• Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

  Matt Taibbi

  Government, Cities, United States

  "Everything Is Rigged: The Biggest Price-Fixing Scandal Ever". Article by Matt Taibbi, www.rollingstone.com. April 25, 2013.

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• The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

  Matt Taibbi

  Party, Evil, Arguing

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• The grandchildren should not bear the debts of the grandparents.

  Nassim Nicholas Taleb

  Grandchildren, Grandparent, Bears

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• Debt is a mistake between lender and borrower, and both should suffer.

  Nassim Nicholas Taleb

  Mistake, Suffering, Should

  "We still have the same disease". Interview with Margaret Wente, www.theglobeandmail.com. September 13, 2009.

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• The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going to be almost impossible to recover from.

  Donald Trump

  Country, Jobs, World

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• Consider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt.

  J. C. Watts

  Country, Jobs, Talking

  "Gingrich Picks Up Endorsement From J.C. Watts". "Hannity" with Mark Steyn, www.foxnews.com. December 26, 2011.

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• Debt can be the most addictive thing in the universe, and it can kill you. You get used to living high off the hog. It was intoxicating.

  Harvey Weinstein

  Used, Hog, Universe

  "They know him as God, but you can call him Harvey Weinstein" by Catherine Shoard, www.theguardian.com. February 23, 2012.

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• When you look what is happening in this country with the debt, the deficit, the CBO coming out and saying once again we're going to have a trillion dollar plus deficit in 2012, the fourth straight year, and unemployment may be going back up to 8.9 or maybe nine percent by the end of the year, these are serious situations that are going.

  Allen West

  Country, Years, Serious

  "West clarifies controversial 'get the hell out' message to Democrats". "Hannity" with Sean Hannity, www.foxnews.com. January 31, 2012.

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