Of course, there's been a real debate about where to invest and where to cut, and I'm committed to working with members of both parties to cut our deficits and debt. But we can't simply cut our way to prosperity.
Debt is to man what the serpent is to the bird; its eye fascinates, its breath poisons, its coil crushes sinew and bone, its jaw is the pitiless grave.
Never, be argued out of your soul, never be argued out of your honor, and never be argued into believing that soul and honor do not run a terrible risk if you limp into life with the load of a debt on your shoulders.
How much in this world is charged to chance or fortune, or veiled under a more devout name, and accorded to Providence; while, when we come to look honestly into affairs, we find it to be a debt of our own accumulation, and one which we must inevitably pay.
We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.
Some are unwisely liberal, and more delight to give presents than to pay debts.
Probably the most satisfying soup in the world for people who are hungry, as well as for those who are tired or worried or cross or in debt or in a moderate amount of pain or in love or in robust health or in any kind of business huggermuggery, is minestrone.
Many respected economists and statesmen believe our national debt is neither unwieldy nor a dangerous burden on the country. The trouble is that a vast majority of the American people think otherwise.... It violates basic American ideas of thrift and money management. These strong public feelings cannot be ignored forever.
The people of this nation are eminently a trafficking people; and the present standard of honesty, as to trade and debts, is very low, and every year seems sinking still lower.
At some time, here or hereafter, every account must be settled, and every debt paid in full.
We see young men who owe us a new world, so readily and lavishly they promise, but they never acquit the debt; they die young anddodge the account: or if they live, they lose themselves in the crowd.
There is nothing that we can properly call our own but our time, and yet everybody fools us out of it who has a mind to do it. If a man borrows a paltry sum of money, there must needs be bonds and securities, and every common civility is presently charged upon account. But he who has my time thinks he owes me nothing for it, though it be a debt that gratitude itself can never repay.
I have now the gloomy prospect of retiring from office loaded with serious debts, which will materially affect the tranquility of my retirement.
You cannot give anything to a magnanimous person. After you have served him, he at once puts you in debt by his magnanimity.
Bet on black. Buy low-debt or no-debt companies. When the economy is in trouble, these companies usually have enough cash on hand to stay out of trouble. And they seldom need to borrow when interest rates are high.
The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.
They who have been bred in the school of politics fail now and always to face the facts. Their measures are half measures and makeshifts merely. They put off the day of settlement, and meanwhile the debt accumulates.
Love heals violence and all its sources. Love only serves and does not calculate. Love gives without expectation, while hate carries an endless tally of debts. Hate controls everything it touches, but love sets everything it touches free.
Is the price of sin something that can be paid off like a debt?
We owe an enormous debt of gratitude to those who serve or have served in our countrys military, as well as to the families of those individuals. Whether protecting our freedoms in foreign fields or making contributions here at home, the value these men and women bring to the American workforce and our way of life is beyond measure.
Never go into debt to become a writer. Always find other ways to support yourself so you can do the work you truly love for the right reasons. Never ask your art to support you. If you ask your art to support you it will either end up comprised or you'll be disappointed with it. It's a lot to ask of creativity for it to provide for you financially. Find a scrappy way to get by and then do the work you love for the reasons you love.
Speak as you think, be what you are, pay your debts of all kinds. I prefer to be owned as sound and solvent, and my word as good as my bond, and to be what cannot be skipped, or dissipated, or undermined, to all the eclat in the universe. This reality is the foundation of friendship, religion, poetry, and art.
It doesn't worry me a bit that China and Japan hold so much US debt. In a way, it seems foolish for them to do it because they get lower returns than they might elsewhere. But that is their business.
Never before has information been so important, to governments and businesses alike. And please don't imagine that some of you gathered here today may be less concerned than others. Globalization means that the "butterfly effect" is everywhere at work. The mistakes of a stockbroker in Singapore or the collapse of the Baht in Bangkok, the decisions of a Finnish industrial concern, or what the Governor of Minas Gerais in Brazil decides to do about his State's debt, have had consequences for the world as a whole.
In addition to myself and a number of others, President Clinton talked about the deficit and the debt issue. And he pointed out, really, what I pointed out, which is that when he left office, we actually had projected surpluses for a long period of time, because when he put together his economic plan, he did it in a balanced way.
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