Debt Quotes - Page 28

• 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

  14 Copy quote

  Show source

• The economy needs a stimulus. We MUST borrow. The notion of debt as a sin or something evil should be reviewed.

  Babatunde Fashola

  Evil, Needs, Sin

  9 Copy quote

• 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

  4 Copy quote

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

  Glenn Reynolds

  Forever, Goes On, Paid

  4 Copy quote

• [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

  4 Copy quote

• 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

  4 Copy quote

• Jesus Christ, who had all the power in the world, saw us enslaved by the very things we thought would free us ... He laid aside the infinities and immensities of His being and, at the cost of His life, paid the debt for our sins, purchasing us the only place our hearts can rest, in His Father's house. Knowing He did this will transform us from the inside out.

  Timothy Keller

  Jesus, Father, Heart

  Timothy Keller (2008). “The Prodigal God: Recovering the Heart of the Christian Faith”, p.33, Penguin

  8 Copy quote

  Show source

• We may casually talk of all sorts of new programs and 'stimulus,' but the vast trillion-dollar collective national debt and rising annual deficits will insidiously hamstring almost everything we plan to do.

  Victor Davis Hanson

  Dollars, Rising, May

  "Divine Debt Trumps All" by Victor Davis Hanson, www.realclearpolitics.com. August 20, 2009.

  8 Copy quote

  Show source

• Politicians in their hubris who believe they can ignore debt or wish it away are sorely disappointed - as we see now with the plummeting approval ratings of both the administration and Congress.

  Victor Davis Hanson

  Believe, Approval Rating, Wish

  "Divine Debt Trumps All" by Victor Davis Hanson, www.realclearpolitics.com. August 20, 2009.

  5 Copy quote

  Show source

• The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

  Ludwig von Mises

  Believe, Way, Lasts

  Ludwig von Mises (2016). “Human Action”, p.282, Lulu Press, Inc

  7 Copy quote

  Show source

• Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.

  Lawrence Reed

  Successful, Past, Gold

  9 Copy quote

• In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.

  Hans F. Sennholz

  Depressing, Cutting, Government

  25 Copy quote

• Obama and his Democrats need to be placed on the defensive. They are the primary drivers of this spending; they are the obstructers of entitlement reform and the national debt continues to burn while they fiddle.

  David Limbaugh

  Reform, Needs, Entitlement

  4 Copy quote

• If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.

  Carmen Reinhart

  Government, Risk, Corporations

  7 Copy quote

• Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits.

  Carmen Reinhart

  Keys, Government, Giving

  "This Time Is Different: Eight Centuries of Financial Folly". Book by Carmen M. Reinhart, Kenneth S. Rogoff, 2009.

  7 Copy quote

  Show source

• Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees.

  Richard Thaler

  Retirement, Credit, Cash

  Source: bigthink.com

  6 Copy quote

  Show source

• The charge is prepared; the lawyers are met; The judges all ranged (a terrible show!) I go, undismay'd. For death is a debt, A debt on demand. So take what I owe.

  John Gay

  Judging, Demand, Lawyer

  John Gay (1818). “The beggar's opera. Oxberry's ed”, p.80

  5 Copy quote

  Show source

• The government can reasonably rely on debt ratings when it forms programs to lend money to buyers of otherwise unattractive debt instruments.

  Seth Klarman

  Government, Unattractive, Program

  4 Copy quote

• Of course I'm troubled by huge consumer debt levels - we've pushed consumer credit very hard in the US. Eventually, if it keeps growing, it will stop growing. As Herb Stein said, "If something cannot go on forever, it will stop." When it stops, it may be unpleasant. Other than Herb Stein's quote, I have no comment. But the things that trouble you are troubling me.

  Charlie Munger

  Forever, Credit, Goes On

  10 Copy quote

• The share price must be less than book value. Preferably it will be less than net working capital less long term debt.

  Peter Cundill

  Book, Long, Share

  6 Copy quote

• Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.

  Peter Cundill

  Long, Balance, Rooms

  4 Copy quote

• It will be a great day when taxpayers keep the money they earned and DC has to hold a bake sale to to raise the debt limit.

  David Burge

  Great Day, Limits, Taxpayers

  4 Copy quote

• Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.

  Llewellyn Rockwell

  Government, Choices, Expansion

  15 Copy quote

• Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.

  Addison Wiggin

  Real, United States, Social

  Addison Wiggin (2005). “The Demise of the Dollar... and Why It's Great For Your Investments”, Wiley

  4 Copy quote

  Show source

• How can we feel our need of His help, or our dependence on Him, or our debt to Him, or the nature of His gift to us, unless we know ourselves.... This is why many in this age (and in every age) become infidels, heretics, schismatics, disloyal despisers of the Church.... They have never had experience of His power and love, because they have never known their own weakness and need.

  John Henry Newman

  Love Is, Age, Church

  5 Copy quote