Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency.
Raising the debt limit on some levels is a ministerial act. It doesn’t involve any new spending.
The FREED Vets Act will make student debt forgiveness for eligible disabled veterans automatic, both now and in the future.
I’ve always thought that as long as directors and casting directors don’t see me as just Harry Potter, I’ll be OK. People have shown a lot of faith in me, and I owe them a huge debt. They’re letting me prove that I’m serious about this.
If we hit the debt ceiling, that’s… essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic.
Ever since going up to university, I have accumulated new debt, and new means of becoming indebted.
You know, Hoosiers recognize pork when we see it. And they recognize what bailing out every failing business in America means – We’re burying generations under a mountain range of debt.
We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.
We owe the Greatest Generation a debt we can never fully repay.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
The human world is a long way from meeting the needs of the present, and it is borrowing massively from the future – not only by piling up money debt, but also by degrading the resources from which all real wealth ultimately comes.
We can pay the ecological debt by changing economic models, and by giving up luxury consumption, setting aside selfishness and individualism, and thinking about the people and the planet Earth.
Venture capital is debt. People don’t understand that.
If you really want to get rid of the problems in the NFL, put Obama in charge of it: in a few months it will be so deep in debt it will have to go out of business – no more concussions.
Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don’t take more from the private sector and grow government with it. And that’s exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That’s wrong, but neither the U.S. nor Europe has a plan to stop it.
There is greater income inequality in the United States than in any other industrialized country. Yes, the debt is a problem that must be dealt with. To me, however, the disappearing middle class is even worse – bad for our economy and really bad for our democracy.
I think if we can get people focused to do what we need to do to keep our kids from being stuck with this debt that they didn’t accrue, you might be surprised at how far we can move this conversation.
If you have debt I’m willing to bet that general clutter is a problem for you too.
Jerry Robinson illustrated some of the defining images of pop culture’s greatest icons. As an artist myself, it’s impossible not to feel humbled by his body of work. Everyone who loves comics owes Jerry a debt of gratitude for the rich legacy that he leaves behind.
World War I was the deadliest conflict the world had ever known. Veterans Day originated from the American people recognizing that a heavy debt of gratitude was due to the veterans of that brutal conflict.
If you don’t have the money management skills yet, using a debit card will ensure you don’t overspend and rack up debt on a credit card.
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself – a rental property, office building, condo – does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.
Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt.
I have younger friends who are in this pinch where they feel they’ve been counted out before they’ve had a chance to prove themselves. They’ve inherited a lot of debt – not just student debt but environmental debt, political debt. They really feel squeezed.
One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.
The Fair Debt Collection Act was passed in 1977, and there were never any provisions for rules to be written under it, so it hasn’t kept pace with the times.
There are no debt payments that can be sustained if the country does not grow.
My mum put herself in £50,000 of debt to service my sporting career. She did everything for me to pursue my dream.
Not raising the debt ceiling does not trigger a default, because we’ve got enough money to service our debts. Default is when you can’t service your debt.
The death of Pope John Paul II led many of different faiths and of no faith to acknowledge their debt to the Roman Catholic Church for holding on to absolutes that the rest of us can measure ourselves against.
The romantic idea of the penniless writer is false. It’s terrible. I hated being in debt. I hated the anxiety of not knowing whether we could pay our rent that month. Thankfully, I had a wife who was very supportive and had faith and shared my madness.
I’ve been pretty clear about saying that I think that the No. 1 threat to our national security is our debt. And we’ve got to get our arms around that and head it in another – head it in the right direction – that we have to pay our fair share of this.
When I left Washington, we actually had a balanced budget and we paid down the most amount of the national debt in modern history and cut taxes and created jobs. And I was the chief architect of that plan in ’97.
Not that pleading can be taken as a test, for the forms of action, notably Debt, ignore the fundamental difference between duties imposed by law and duties created by the will of the parties.
Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn’t for the Tea Party, they would have passed the debt ceiling thumbs up; we would have been rated BBB.
And that’s how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.
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.
And it’s also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
How can we pressure China on North Korea if China’s one of the two largest holders of American debt?
Not raising the debt ceiling is not an automatic trigger for a default.
We want an economy that grows health and wellbeing, not debt and carbon emissions. An economy that prepares and protects us from shocks to come, rather than making them worse. An economy that shares resources to meet all our needs, regardless of background. An economy that lets us live.
We borrowed money to fight the Revolutionary War, and so there was a debt owed. We paid it. If we have done that for 235 years, if we have done it ever since this country has existed, we can do it again.
It seems evident that the IMF has learned nothing from its inequality-inducing policies during the 1980s debt crises in Latin America nor from its recession-deepening response to the East Asian crisis of the late 1990s. In both regions, the IMF has become synonymous with making bad situations worse.
Payable On Death is actually a banking term, when someone passes on, what someone leaves behind. We related that to Jesus on the cross, and by his death, our sins are paid, the debt is paid. We have salvation if we want it. We got tired of saying Payable On Death, so we went to P.O.D.
I don’t want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn’t the same thing. Let’s call them ‘project bonds’ instead of euro bonds.
If we didn’t propose these reforms, we would not have proposed a budget that got the debt under control.
Ron Paul’s crazy talk about the Federal Reserve makes more sense these days. Right now, every – all this debt issued by the United States people assume the Chinese are buying, no they don’t want any more American debt. Ron Paul has a point there.
There’s nothing progressive about spending more on servicing your debt than on educating your children.
