You never cash out a 401(k) or IRA to pay off debt, unless it’s to avoid a foreclosure or bankruptcy.
Spain is finding it very difficult to finance itself with sovereign debt risk premium so high.
The majority of them give the impression of being men who have been drafted into the job during a period of martial law and are only waiting for the end of the emergency to get back to a really congenial occupation such as slum demolition or debt collecting.
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
Without this playing with fantasy no creative work has ever yet come to birth. The debt we owe to the play of the imagination is incalculable.
Remember, Republican economic policies quadrupled the debt before I took office and doubled it after I left. We simply can’t afford to double-down on trickle-down.
For the first forty years of his real estate career, my grandfather never acquired debt. In the 1970s and ’80s, however, all of that changed as Donald’s ambition grew larger and his missteps became more frequent.
My parents believed in education and economic security, and I thank them for it. Because I think that’s part of what’s made my life stable. It was instilled in me. You have to be able to pay your bills. You do not get into debt. And I never have been.
It’s heartbreaking to see so many people trapped in a web of enforced idleness, deep debt, and gnawing self-doubt.
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
Freddie Mac and Fannie Mae, although they’re not officially debt of the federal government, they are off-balance-sheet debt.
We need to have a modicum of faith in people’s common sense, creativity and will to survive and prosper even in the face of great difficulties and obstacles. If people could keep society running in the aftermath of the Black Death, they could keep it running after the U.S. government defaulted on its debt.
So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It’s an empire. There’s no two ways about it. It’s a huge empire. It’s been extremely successful.
Any creator owes a debt to past creation.
I’ve always been terrified about not having money. I’ve been a big saver and a big earner. When I’ve been out of work, I’ve always found another job. I never wanted to get into debt, because money was very tight when I was growing up. I never felt deprived, but I couldn’t have the things I wanted.
A true lover always feels in debt to the one he loves.
Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.
Hungary has a moral debt to the Jews that it helped send to death camps thirty years after the First World War.
Debt is a mistake between lender and borrower, and both should suffer.
Everyday people are graduating from universities with crippling debt, stifling their opportunity for financial mobility, that is what’s broken with this country.
The United States is at a critical juncture in time. Our government is riddled with historic debt, and the limited resources of philanthropic and non-profit efforts cannot meet the scale of social challenges we face with necessary force.
Here’s the perversity of Wall Street’s psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn’t reached.
The ECB puts out money that is meant to help our banks, but they do not use it to finance our businesses, but they give it to them to buy back their debt, to help French and German banks.
While most of us are trying to be more frugal, the loss of a job, a divorce, or a medical emergency can quickly sink us deeply into debt.
Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.
Too many Americans are out of work, and our debt is out of control.
When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren’t going to keep on giving us cheap rates.
New Labour has created a society increasingly oppressed by the worry of personal debt.
Barack Obama and Hillary Clinton have left us with $19 trillion in debt.
We prefer an orderly resolution to the debt crisis and we’re moving in that direction. But the most important thing is that the deal we reach with creditors is sustainable.
Beefs against debt collectors are consistently among the top complaints received by both the FTC and state attorneys general.
I really truly worry that the debt is one of the single biggest threat to the United States of America, that we’re talking about a problem that is multi-trillion in its depth and I think we ought to be cutting more.
I think Americans are – particularly, independent voters are looking at Washington, and they see too many taxes, too much spending, too much debt, too many Washington takeovers, and they want to provide a check and a balance to what they see as a runaway, overreaching Washington government.
This would be a much better world if more married couples were as deeply in love as they are in debt.
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
America faces very real challenges. The climate crisis, inequality, stagnant wages, student debt – the list goes on. Rather than address these serious problems, Trump uses hate-filled rhetoric to divide America by race, religion, and ancestry.
I learned early on what debt means, how vulnerable it makes people, what the security of owning a home means.
Less than a year after loading the company up with debt, Romney and Bain gave themselves bonuses four times bigger than the $8 million they had put into the deal.
When you run a company, you want to hand it off in better shape than you found it. In the same way, just as we shouldn’t leave our children or grandchildren with mountains of national debt and unsustainable entitlement programs, we shouldn’t leave them with the economic and environmental costs of climate change.
The game gave me so much, I am in debt forever.
When your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn’t class warfare – it’s patriotism.
Our government is deeply disordered; its credit is impaired; its debt increasing; its expenditures extravagant and wasteful; its disbursements without efficient accountability; and its taxes (for duties are but taxes) enormous, unequal, and oppressive to the great producing classes of the country.
It was the Sephardi Jews who brought fish and chips to Britain, actually, believe it or not, from the Mediterranean world. Apart from actually eating and selling fish and chips, they were kind of debt enforcers.
My mother Molly had a nervous breakdown after my father Chic died, aged 50. He was a very generous man who ran a shop in Dundee giving a lot of people tick. When he died, a lot of people hadn’t paid their bills, so he died with a lot of debt. After he died, my mother went doolally.
My mother was being hounded by a debt collector over a debt that she didn’t owe, and she eventually just paid it because she wanted the calls to stop. I was very surprised. It sounded so strange. I started poking around on the Internet and found this was extremely common.
Serious people need to work hard to reduce the debt, reduce taxes, and slash regulation on the small businesses and families that are the lifeblood of new jobs and innovation in our state.
I’ve got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.
College dropouts with significant debt struggle with repayment over the course of their lives and do not receive the benefits afforded to their peers who have debt but obtain higher-paying jobs as a result of college completion.
There is no constitutional basis for the federal government to be mandated to assist with student debt.
Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time.
A Christian people who have for two hundred years kept a race in bondage, deprived of the advantages of civilization and religion, owe them a debt of gratitude which it would seem ungenerous to withhold.
