With debt free college there is absolutely no incentive to rein in administrative costs when the government is foolishly pushing everyone to get a degree, regardless of need or desire, which only perpetuates the silly cycle for another generation.
If Congress adds 5 percent to the debt, then their pay should be cut by 5 percent.
We can all agree that we need to be helping small businesses. All of us can agree that the cost of higher education is too high, and college debt is too big of a burden for young people.
If you’re trying to get out of debt, you have to be willing to treat everything as expendable.
While restoring a sense of fiscal discipline to Congress is a top priority, infrastructure spending is an important and necessary task of government. Our nation’s long-term debt requires us to prioritize and economize with every tax dollar.
The men who start out with the notion that the world owes them a living generally find that the world pays its debt in the penitentiary or the poor house.
Debt certainly isn’t always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.
It is not only our duty but our moral obligation to break from the oppression of debt. We must rise above the political considerations and do what is right for the future of our nation.
I consider myself a product of Alaska. The love and the debt that I feel to my home state, you always want your hometown to be the proudest of you.
It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.
After adding trillions to the debt on big-government policies most Americans didn’t ask for and which we couldn’t afford, Democratic leaders say they need more money, which they intend to take from small business, even though small businesses create the majority of new jobs.
The United States owes a great debt to its inventors. Far from being grateful to them, it places every obstruction in their way and makes it enormously difficult to secure a patent.
We need to get rid of the debt ceiling law. It’s anachronistic and it’s a problem.
A world in which government is burdened by historic debt, philanthropy has limited resources, and the private sector is only interested in its own personal gain is simply unsustainable.
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
Pain and sorrow and misery have a right to our assistance: compassion puts us in mind of the debt, and that we owe it to ourselves as well as to the distressed.
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
It is morally wrong for this country to require our citizens to take on tens of thousands of dollars of debt to achieve the American Dream.
As a Main Street businessman, I believe we need to reduce runaway federal spending and address our national debt and the MAP Act provides Congress with the tools to accomplish this goal.
A sagging economy, a soaring national debt, and an increasingly restive Congress pushed Obama to order troop reductions that are both deeper and faster than recommended by his military commanders.
I was at a point in my career where I longed for a bigger stage, a brighter light, and I’m very grateful to ‘Dancing With the Stars’ for allowing me to become part of that incredible production and incredibly talented cast. I am forever in debt to them for that opportunity.
There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.
The White House – we continue to believe that Democrats and Republicans should do what they have done 80 times, which is to raise the debt limit, and that is what we are working toward.
The American people do not like privatization. They are afraid of the debt the president’s willing to do. And they don’t like benefit cuts. And everyone here should understand all 45 Senate Democrats are united. We are not going to let this happen.
I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.
I don’t have more money. I won’t have more money than any of the candidates, even the Republican candidates. We know that already. But we are building this campaign team like I would build a business. And that is, we are building it so far with no debt.
The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that’s ‘too big to fail’ to actually fail.
But sovereign debt is a wider question not only in Europe but across the globe. While every country is a unique case, I think it’s not an issue of countries acting on their own. We need a more coordinated strategy not only in Europe but around the world.
There are lots of families who – who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills.
In 2010, I proposed that Congress take its first pay cut in 77 years, and my effort had bipartisan support. And as part of leading by example, I returned 5 percent of my paycheck every month to pay down the debt.
My hope is that we’re going to be more strategic and focused as we look for a way to address the long-term deficit and debt issues that are affecting this nation.
No country can be complacent in making sure that excessive debt of the household doesn’t create excesses and weaknesses in the financial system. Everything is interconnected.
Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
If we reach the debt ceiling, we don’t have to default. Getting to that point just won’t allow us to reach new debt.
You do not want to get your debt ratio out of whack.
Our workers comp debt is the Achilles heel of our state’s economy, and I firmly believe that in order to create more good jobs in West Virginia this system must be fixed and it must be fixed now. We cannot afford to wait even one more minute.
The CFPB has an obligation to protect our seniors, protect our frontline workers, protect our service workers, and protect our families by developing tools to combat predatory debt collection practices.
Move to Italy. I mean it: they know about living in debt; they don’t care. I stayed out there for five months while I was making a film called ‘Order Of Death,’ and they’ve really got it sussed. Nice cars. Sharp suits. Great food. Stroll into work at 10. Lunch from 12 till three. Leave work at five. That’s living!
The student-loan crisis has an underappreciated emotional valence too: The debt makes people miserable. In one survey, more than half of borrowers said that they have experienced depression because of their debt. Nine in 10 reported experiencing anxiety.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama’s budget just the interest payments on our debt is $916 billion dollars.
Abraham was extremely wealthy and he had a covenant with God. It’s not the Jewish blessing, it’s the Abrahamic blessing. I get excited talking about it ’cause I love it and I started out deep in debt with nothing. I had to learn this from the Bible and from my spiritual mentor Oral Roberts.
Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.
I’ve had enough of giving millionaires like Dick Cheney and myself tax breaks and giving America’s kids a mountain of debt.
As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.
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.
I came from a working-class family, but I was supported by a grant system and had my fees paid, so I came out of Oxford with a debt of something like £200.
If Washington continues to fumble issues like taking care of the debt, getting the troops home, and rebuilding our economy, my wife and I may sit down and say, ‘These are critical things and maybe we need to get back in the ball.’
The Latin American debt that reached crisis levels from 1982 would have been sharply reduced by return of flight capital – in some cases, overcome, though all figures are dubious for these secret and often illegal operations.
I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.
