Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily in the event of self-fulfilling debt crises.
Repealing the estate tax won’t create jobs, it won’t boost GDP, and it won’t add efficiency to the market. Instead, repealing the estate tax will simply add to the debt, hurt our ability to build a stronger economy and worsen economic inequality.
Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush’s watch as ‘deficits as far as the eye can see.’ But Mr. Obama’s budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?
I’m the king of debt.
In Iraq, I listened to David Petraeus speak every day about how we had to rebuild Iraq’s oil infrastructure and protect it. But, if we’re going to go trillions of dollars in debt over Iraq, why can’t we go billions of dollars in debt and make every single coal-producing plant clean in West Virginia?
War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.
If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There’s a significant misunderstanding on the debt ceiling. People think it’s authorizing new spending. The debt ceiling doesn’t authorize new spending; it allows us to pay obligations already incurred.
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America’s debt.
Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.
Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.
You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would’ve pointed to the debt clock and said, we built that.
The surest way to return to the people’s business is to listen to the people themselves: We need to drop this whole scheme of federally controlled health care, start over, and work together on real reforms at the state level that will contain costs and won’t leave America trillions of dollars deeper in debt.
God hath made it a debt which one saint owes to another to carry their names to a throne of grace.
Our nation’s debt has to be a concern for us all. It is not sustainable long-term.
I can tell you this, if it wasn’t for my book royalties, I’d be in debt.
Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.
Students graduating with high debt encounter difficulties in qualifying for home and automobile loans.
We have to deal with the nation’s debt.
I firmly believe that the U.S. has to honor its debt.
We will do everything within our power to protect Floridians from unlawful debt collection practices that often employ scare tactics to manipulate individuals.
College costs continue to rise, and student loan debt threatens to price many Americans out of a college education and out of the middle class.
You cannot spend your way out of recession or borrow your way out of debt.
You go public because you want access to capital in the form of debt and equity.
There is nothing that puts a man more in your debt than that he owes you nothing.
Apparently, blaming oneself for debilitating student debt is common.
Some bailiffs were tacking on extra charges left, right and centre – a fee for every letter they sent, extra fees for visiting your house, for clamping your car, seizing it, towing it and selling it. It all stacked up and people in debt had no choice but to pay. We have put an end to this.
On any measure, Spain’s bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country’s credit rating has been downgraded three notches.
I had a lot of college debt. It’s very difficult to go to a university that is as expensive as Stanford and then blindly follow your passions when they don’t immediately make money out of the gate.
I talk to the guy who busted his butt all week to buy a color TV, and the woman who’s raising her kids, the people I owe a debt to. I’m talking to people in hotel rooms, lonesome people.
Credit is an ‘I love debt’ score.
It’s time to start thinking differently about money and debt and start the healing process – and the process toward wealth and freedom. ‘Freedom from Bad Debt’ can get you started.
At this time – we’re in a dramatic crisis – euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.
A church debt is the devil’s salary.
The iPad was my first splurge after I got my first paychecks. I paid off the debt, and I now bring the iPad with me to auditions.
People should watch out for three things: avoid a major addiction, don’t get so deeply into debt that it controls your life, and don’t start a family before you’re ready to settle down.
We are a big country, with lots of advantages and history. We are proud to be French. We have to call on patriotism at this time… to ask for an effort in the battle against debt.
Investment bankers do much of their business underwriting government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt.
Death’s a debt; his mandamus binds all alike- no bail, no demurrer.
Tonight I should like to thank all those who have shared my work and to acknowledge the debt that I owe to my wife whose encouragement to put research before all other things has been a great strength to me.
I finished my higher education deeply in debt and with seven years of bad credit in my future.
I fear debt. I don’t like being indebted to banks. I have a rule in life that I will get it when I can afford it.
I believe that if we do not prevent Medicare from going bankrupt, it will go bankrupt. And that will be bad for everybody. We have to tackle our debt crisis. We have to tackle the drivers of our debt.
I promise not to take my thousands of dollars in student loan debt and move to Mexico. At least not right away.
The Fed’s buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn’t matter whether unemployment goes up or down. It doesn’t matter whether inflation is higher or lower. Its influence on the market is dominant.
Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life.
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
It was at the graduate school at Columbia University that I first met Wesley C. Mitchell, with whom I was associated for many years at the National Bureau of Economic Research and to whom I owe a great intellectual debt.
In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It’s back to a philosophy of risk-adjusted returns.
We tell people to go to college, but when they cross the stage, they cross the stage with a degree in one hand and debt in the other that stifles their ability to be able to live that good life.
I have dealt with a pretty interesting mix of young people, many of whom have never been involved in any form of politics at any level who are interested in alternatives to austerity and debt, and older people who left the Labour party, mainly over Iraq, who are coming back in.
I would almost rather be in debt constantly than work with horrible people that I hate.
Foreign workers typically migrate to Malaysia willingly, looking for greater opportunities, but often fall into forced labor or debt bondage.
It’s always crude to link Dickens back to the blacking factory where he was sent to work aged 12 when his father was imprisoned in Marshalsea Prison for bad debt, but it was obviously a huge part of him.
I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.
The call for debt cancellation is welcome, but debt does not just go away.
We’ve had years and years and years of compromises, and that’s led to $14 trillion in debt.
