We’ve got a lot of work to do: not only on education, but on the economy, on our tax code, and on reducing our crushing debt.
There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.
What our Republican friends are doing, if we look at what they do and not what they say, they have decided that the most important thing in this country is to increase payments for interest on the national debt.
If you must know, my parents came from pretty hardscrabble backgrounds in the southern Midwest. I certainly didn’t grow up poor, but I did spend my 20s and early 30s juggling temp jobs and choking on massive student-loan debt.
We need to stop the vicious cycle of debt that is strangling us.
Debt collectors should be required to disclose the applicable statute of limitations in the body of their collection letters, in bold type. While it’s not illegal to dun a consumer for an old debt, it is illegal to sue for one.
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.
I’ve always acknowledged my debt to Hammer. I’ve always said I’m very grateful to them. They gave me this great opportunity, made me a well known face all over the world for which I am profoundly grateful.
The most important loan to pay is your student loan. It’s more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
I’m witnessing the problems that the federal government is passing down in terms of drones, in violation of our civil liberties, spying on our citizens, death panels in the form of the government taking over the health care system and the national debt they’re just saddling our grandchildren with.
Social Security is legally prohibited from contributing to the deficit. It cannot use debt to pay out benefits.
We’ve been lucky. Even as a young, local-level band, we were able to rise out of the local scene without having any debt, without having signed the wrong deal with the wrong manager or the wrong booker or a small label.
The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child.
At Cornell University, it was well known that after five years on Wall Street, you could expect to be making half a million a year in salary and bonus; after 10 years, you could expect a million or more. I had 60 grand of university debt, and my parents had no retirement. I needed that money.
As the property market is very steep right now I think people should invest their capital in a mix of equity and debt instruments, through reputed mutual funds and maybe some in gold and silver. Regular savings are very very important.
The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.
If it took multiple debt ceiling hikes, I’d rather achieve the savings.
It’s a little hard to go out there and spend your money on a home, car, or goods and services if your wages are being garnished to make debt collectors rich.
Instead of explaining the sober facts of mechanics and electricity, I want to say a few words about the debt which we owe to youth; and with your permission I shall consider you as representing here not only the academic youth of Sweden nor even of Europe but also of America.
The people of Maine were tired of being in debt and tired of being overtaxed.
King of England, and you, duke of Bedford, who call yourself regent of the kingdom of France… settle your debt to the king of Heaven; return to the Maiden, who is envoy of the king of Heaven, the keys to all the good towns you took and violated in France.
After high school, I attended the Virginia Military Institute and then Eastern Virginia Medical School – both great public schools that prepared me well for my career as a physician and didn’t saddle me with a load of debt.
You’ll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It’s called the avalanche method, and it gets you out of debt cheapest and fastest.
The idea that debt is necessary for trade, and has to be forgiven, is consequent to the rise of a market economy. The idea that debt is wrong and should be punished is a feature of a moral economy.
If we could figure out ways for kids to exit college without having the burden of debt, what we have really figured out is how to create a more fertile breeding ground for people who can think innovatively and progress us as a species.
The debt we owe to the play of imagination is incalculable.
Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
The death of compromise has become a threat to our nation as we confront crucial issues such as the debt ceiling and that most basic of legislative responsibilities: a federal budget. At stake is the very meaning of what had once seemed unshakable: ‘the full faith and credit’ of the U.S. government.
It is my growing conviction that the Baptist churches in America are behind the age in missionary spirit. They now and then make a spasmodic effort to throw off a nightmare debt of some years’ accumulation, and then sink back into unconscious repose.
Poverty is about people lacking the tools they need to get on in life. And solving it is about tackling educational failure, antisocial behaviour, debt problems and addiction, and of course it’s about work.
I’m forever in debt to Nickelodeon. It made me who I am today.
I can tell you if you look at the polls, Democrats, Republicans, Independents, they do not think we should increase the debt limit.
There are huge misconceptions about people on benefits. They are labelled scroungers or cheats. The reality is that many who need that level of support are working, but their income is not enough to get out of debt or pay for basics like food and household bills. It’s so close to the way I grew up.
Pull in your belt, spend less, and reduce debt.
Being a Russian oligarch these days isn’t easy. The best and brightest of them are in exile or in jail; others, after feasting on leverage during the commodities boom, now have tummies full of debt.
I was never stupid with my money, because I grew up without it. So when I started to make some, I was like, ‘Okay, first rule of thumb, I’m not buying it unless I’ve got the money to buy it,’ so I have no debt.
I built a huge profitable business with no debt.
There is absolutely no way that the U.S. will ever default on its debt. We are not going to do that.
One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
We shouldn’t be profiting from our students who are drowning in debt while giving a great deal to the banks. That’s just wrong.
The World Bank is now the biggest culprit in the debt crisis.
All Americans owe a debt of gratitude to Dr. King for his bravery and commitment to civil rights and nonviolence that changed this nation – and world – for the better.
The Government of Iraq also owes a debt to the American and coalition forces who are fighting the insurgency and helping put that country back together after decades of repression.
You’ve got to either say you’re going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can’t out of one side of your mouth say, ‘Yes, we’re for tax cuts, we’re for spending discipline, and we’re for bringing down the debt.’
During the 2016 presidential campaign, candidate Donald Trump pledged to eliminate our national debt ‘over a period of eight years.’ Now two years into his administration, our national debt has increased, surpassing $21 trillion for the first time in American history.
Wars are made to make debt.
When you have a debt that’s strangling you, you’re not growing.
President Obama’s Department of Education pledged to solve the student debt crisis, but it was utterly inept in its effort to address the issue.
Consumerism is the reason Christmas has morphed into a hollow shopping ritual that leaves too many families with debt hangovers and an empty feeling inside.
From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations – and the truly delusional idea that growing federal debt doesn’t matter because we owe most of it to ourselves.
Without true medical liability reform, our doctors will continue to leave, and young doctors coming out of medical school $100,000 to $200,000 in debt will not be able to afford such onerous costs.
People like Pete Peterson, the former secretary of commerce and Blackstone and titan of Wall Street, etc., has been writing books for years about the debt and deficit.
