Debt Quotes - Page 18

• Most wealth is inconspicuous. The man down the street driving the nice car and living in the mansion could easily have greater debt and a lower net worth than the stealthy and wealthy plumber who drives a beat-up truck but seems to work only when he doesn't feel like fishing.

  Loral Langemeier

  Nice, Men, Fishing

  Loral Langemeier (2013). “The Millionaire Maker's Guide to Creating Cash with Wealth Cycle Investing”, p.228, McGraw Hill Professional

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• For the past three years, the CIVIX Student Budget Consultation has helped us to better understand the most pressing national issues for young Canadians. I am delighted to note that on key issues, such as balancing the budget, debt reduction, and lowering taxes, we stand in step with the thousands of students who participated in this initiative from coast to coast to coast. I want to thank the students and teachers for investing their time and energy in this worthwhile initiative. Their enthusiastic participation inspires great hope for Canada's future.

  Kevin Sorenson

  Teacher, Past, Years

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• No matter how flawed someone else may be, that doesn't give us the right to be less than we are, does it? We are decent people and we repay our debts.

  Jean Kwok

  People, Giving, Doe

  Jean Kwok (2010). “Girl in Translation”, p.94, Penguin UK

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• An entrepreneur in debt is an entrepreneur in business.

  Duncan Bannatyne

  Entrepreneur

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• I'm talking about France and Germany and Italy and Spain - new friend Germany - and I love that story, how they lead the world in some things that the world needs leadership in. Amongst them we're the only ones without national healthcare. Can't go to a hospital and not worry about falling into bankruptcy. They go to university free. We're killing our students with debt. That scares me.

  Tavis Smiley

  Fall, Talking, Worry

  Source: www.pbs.org

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• Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.

  Robert Kiyosaki

  Be Careful, Rich And Poor, Rich Money

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• I love listening to these guys give us lectures about debt and deficits. I inherited a trillion-dollar deficit. ... This notion that somehow we caused the deficits is just wrong. It's just not true. ... If they start trying to give you a bunch of facts and figures suggesting that it's true, what they're not telling you is they baked all this stuff into the cake with those tax cuts and a prescription drug plan that they didn't pay for and the wars.

  Barack Obama

  War, Cutting, Cake

  "Remarks at an Obama Victory Fund 2012 Fundraiser in Baltimore, Maryland". www.presidency.ucsb.edu. June 12, 2012.

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• Hold on to your wallets folks because with the passage of this trillion-dollar baby, the Democrats will be poised to spend as much as $3 trillion in your tax dollars. Taxpayers will be on the hook for spending that will stimulate the debt, stimulate the growth of government, but will do little to stimulate jobs or the economy.

  Christopher Bond

  Baby, Jobs, Government

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• A man who has taken your time recognises no debt; yet it is the one he can never repay.

  Seneca the Younger

  Taken, Men, Recognise

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• Poetry which owes no man anything, owes nevertheless one debt -
  an image of the world in which men can again believe.

  Archibald MacLeish

  Believe, Men, World

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• Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt.

  Tony Blair

  Legacy, Economics, National Debt

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• Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.

  Gordon Brown

  Cutting, Circles, Long

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• In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.' . . . [It's one more] striking example of inability to learn from experience.

  Bertrand Russell

  Country, Believe, White

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• Ironically, many people can't afford to give precisely because they're not giving. If we pay our debt to God first, then we will incur His blessing to help us pay our debts to men. But when we rob God to pay men, we rob ourselves of God's blessing.

  Randy Alcorn

  Blessing, Men, People

  Randy Alcorn (2012). “The Treasure Principle: Discovering the Secret of Joyful Giving”, p.70, Multnomah

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• We do not want Ukraine to default. On the contrary, we need an economically viable partner. However, debts should be paid, and this includes state and commercial debts

  Dmitry Medvedev

  Ukraine, Needs, Want

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• Who can describe the injustice and the cruelties that in the course of centuries the peoples of color of the world have suffered at the hands of Europeans?... We and our civilization are burdened, really, with a great debt. We are not free to confer benefits on these men, or not, as we please; it is our duty. Anything we give them is not benevolence but atonement.

  Albert Schweitzer

  Men, Hands, Color

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• Are we as willing to go into debt for the work of God as we are for a vacation to Hawaii?

  Erwin W. Lutzer

  Vacation, Hawaii, Willing

  Erwin W. Lutzer (2015). “Failure: the Back Door to Success”, p.88, Moody Publishers

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• We [Americans] inherited British law, which is like the new "reforms" that are being made now, in the sense that people are permanently entrapped in debt, if they once fall into bankruptcy. The reason that the law was changed in American history - the whole early period of the formation of the country was moving away from British law into a law that is generated here and that conforms to the sense of what is appropriate here.

  Marilynne Robinson

  Country, Moving, Fall

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• The American people care about the fact that we have $17 trillion in debt and 10 percent of every tax dollar that's coming in is going to pay for past overspending.

  Carol Roth

  Past, People, Dollars

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• Gordon Gekko was right: greed is good. Because, the potty-trained Republicans have now stepped forward - like the Koch brothers - to say, 'You know what? You yokels stop talking about defaulting on the debt, because I'm going to lose a fortune!'

  Bill Maher

  Brother, Talking, Greed

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• Many of the ugly pages of American history have been obscured and forgotten....America owes a debt of justice which it has only begun to pay. If it loses the will to finish or slackens in its determination, history will recall its crimes and the country that would be great will lack the most indispensable element of greatness-justice.

  Martin Luther King, Jr.

  Country, Determination, Greatness

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• Things that can't go on forever, won't. Debts that can't be paid, won't be.

  Glenn Reynolds

  Forever, Goes On, Paid

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• [I]f you look at United States history since World War II, you find that of the 10 presidents who preceded Barack Obama, seven left office with a debt ratio lower than when they came in. Who were the three exceptions? Ronald Reagan and the two George Bushes.

  Paul Krugman

  War, Two, Office

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• Throughout the early Christian period, every great calamity - famine, earthquake, and plague - led to mass conversions, another indirect influence by which epidemic diseases contributed to the destruction of classical civilization. Christianity owes a formidable debt to bubonic plague and to smallpox, no less than to earthquake and volcanic eruptions.

  Hans Zinsser

  Christian, Civilization, Earthquakes

  Hans Zinsser (2011). “Rats, Lice and History”, p.139, Transaction Publishers

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• I don't understand how the Republican party is the party with the reputation for fiscal conservatism and fiscal sanity, when they're the ones who run up the debt. It was Reagan who ran up the debt and now Bush is doing it again, and in between, Clinton and Bush's father, I must say, worked so hard to get that deficit and that debt down.

  Bill Maher

  Running, Father, Party

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