And here a most heinous charge is made, that the nation has been burdened with unnecessary expenses for the sole purpose of preventing the discharge of our debts and the abolition of taxes.
You cannot tackle Britain’s debts without tackling the unreformed welfare system.
The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.
We already know that the experience of lockdown is a mixed bag. It is increasingly recognised that for many it can be hellish. Enforced leisure – if you are crippled with worry about debts, insecure job prospects, your family’s health – is no holiday.
It’s not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don’t educate people about them at all.
All that seems indispensible in stating the account between the dead and the living, is to see that the debts against the latter do not exceed the advances made by the former.
Further Education should be about the ability to learn, not the ability to pay – everyone who is able should have the opportunity, regardless of their family background. I don’t want to see students struggling with huge debts or frightened off even going to university in the first place.
I grew up middle class. My father was a public functionary who didn’t leave an inheritance, just debts.
The invention of the micro-loan was a big surprise to me. Who would have guessed loans of less than $20 made to poor people in undeveloped countries could create thriving local economies? And, even more surprisingly, that they more reliably pay off their debts than the wealthy of the world.
We will pay the debts by growing and exporting… The only way is to export. The other channel has been exhausted, which is to borrow.
Speak not of my debts unless you mean to pay them.
Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.
I have too many debts with the wrong people.
At 20, 25, 30, we begin to realise that the possibilities of escape are getting fewer. We have jobs, children, partners, debts. This is the part of us to which literary fiction speaks.
The more we get out of the world the less we leave, and in the long run we shall have to pay our debts at a time that may be very inconvenient for our own survival.
Medical debts are the number-one cause of bankruptcy in America.
Germany, Japan and, to a lesser extent, Britain and Italy, were lifted out of the debris of war by the Americans who poured in billions of dollars and forgave other billions in debts.
Small miseries, like small debts, hit us in so many places, and meet us at so many turns and corners, that what they want in weight, they make up in number, and render it less hazardous to stand the fire of one cannon ball, than a volley composed of such a shower of bullets.
You can tax the rich to pay for current spending. You can even tax them very heavily. But when the rich look forward for decades and see nothing but increasing taxes, debts, and government control of their businesses and assets – they will leave.
I don’t like having debts. I don’t like buying anything that I can’t buy in cash.
Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country’s creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what’s called a ‘haircut’ in financial jargon.
We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.
Many a poor soul has had to suffer from the weight of the debts on him, finding no rest or peace after death.
Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders.
Men who borrow their opinions can never repay their debts.
Whoever pays should control; whoever pays should sanction. I agree. But budgetary union should be completed by a partial mutualisation of debts through eurobonds.
Everyone in our society has had to make a contribution towards dealing with the debts.
A default on our debts as a result of not meeting our obligations would be a disaster for the stock market, and Americans would see their retirement funds shrivel up.
The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.
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