Debt Quotes - Page 32

• When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners.

  Michael Hudson

  Mean, People, Growth

  Source: www.counterpunch.org

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• Stocks always go down much faster than they go up. That's why it's called a crash. People who put their money into the stocks will find, all of a sudden, that stock prices are no longer being supported by the debt leveraging that's been holding them up.

  Michael Hudson

  People, Crash, Faster

  Source: www.counterpunch.org

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• Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans.

  Michael Hudson

  Talking, Oil, Cost

  Source: www.counterpunch.org

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• More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services.

  Michael Hudson

  Fire, Pay, Causes

  Source: www.counterpunch.org

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• The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

  Michael Hudson

  Running, Party, Government

  Source: www.counterpunch.org

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• Throughout history, the only way of restoring stability is to write down the debts. That is treated now as if it's something that can't be done. But it's the only thing that's going to revive the economy.

  Michael Hudson

  Writing, Done, Way

  Source: www.counterpunch.org

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• Consciously or subconsciously, we become slaves to debt and social obligation. As a result, we end up more committed to the minutia and less in tune with the bigger picture: our deepest sense of purpose.

  Romany Malco

  Tunes, Purpose, Slave

  Interview with Maranda Pleasant, www.marandapleasantmedia.com.

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• Justice Sandra Day O'Connor has been a pioneer, and her dedicated service on the Supreme Court will never be forgotten. And the people of the country certainly owe her a great debt for the service that she has provided.

  Samuel Alito

  Country, People, Justice

  Opening Statement to Senate Judiciary Committee, delivered 9 January 2006

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• More taxes, more regulation, more Washington domination, more debt. Those things are not the future for America. They will never work.

  Jeff Sessions

  America, Regulation, Taxes

  Source: www.politico.com

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• Those policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.

  Jeff Sessions

  Government, Views, Regulation

  Source: www.politico.com

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• I've said that we're going to produce real results for the American people because so many Americans feel left out and left behind, they think the economy has failed them, they think our government has failed, they can't stand the gridlock and dysfunction in our politics, and I'm determined to produce more good jobs with rising incomes, and deal with all of the concerns that families have about education, college affordability, student debt.

  Hillary Clinton

  Jobs, Real, College

  Source: www.wbur.org

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• I have a plan to make tuition debt-free for public colleges and universities.

  Hillary Clinton

  College, Debt Free, Tuition

  Source: www.businessinsider.com

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• I have a difference with Senator [Bernie] Sanders, who promises free college, which, if you look at the fine print, depends really on governors coming up with a lot of the money, which I don't think is a particularly wise bet. And I have a plan to help people pay down their student debt, because I want to unleash the entrepreneurial energy that young people have.

  Hillary Clinton

  Wise, College, Thinking

  Source: www.businessinsider.com

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• This is a very connected, tolerant, creative generation, but a lot of them feel really constrained because they've got this big debt.

  Hillary Clinton

  Creative, Generations, Bigs

  Source: www.businessinsider.com

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• [Young people] can't do much with [student debt] other than try to figure out how to pay it down. They can't take jobs they want. They can't get the credit they would like to start a business. So we're going to refinance it, we're going move people into income-contingent repayment plans, we're going to have a date certain when their obligations end, and I'm not going to let the government harass kids.

  Hillary Clinton

  Jobs, Moving, Kids

  Source: www.businessinsider.com

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• I used to have insecurity about my finances, then I announced that I had debt, and now I don't have any insecurities.

  Kanye West

  Insecurity, Finance, Used

  Source: www.harpersbazaar.com

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• I know that everybody who supported Bernie Sanders supported him because they believe that college debt is too high. They believe that the minimum wage needs to be increased. They believe that we have to take on climate action.

  Keith Ellison

  Believe, College, Climate Action

  Source: www.pbs.org

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• We must also take this opportunity to learn from the situation [of Brexit], just as we learned from the refugee and debt crises.

  Jean-Claude Juncker

  Opportunity, Opportunities To Learn, Crisis

  Source: www.businessinsider.com

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• Humans are such creatures of habit that once they get us in all this debt that we accumulate from going college that we have to work it off for the rest of our lives.

  Asher Roth

  College, Habit, Working It

  Source: www.parlemag.com

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• Hillary Clinton and Donald Trump basically share a policy of brute military strength. And both, I think, make a lot of Americans uneasy about our foreign policy going forward, which needs a frank discussion. Likewise on the issue of student debt and the future of our younger generation.

  Jill Stein

  Military, Thinking, Issues

  Source: www.chicagotribune.com

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• Our debt to our men and women in uniform is eternal, always will be. To all of those who have served this nation, I say so strongly that I will never, ever let you down.

  Donald Trump

  Men, Uniforms, Eternal

  Source: www.rushlimbaugh.com

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• Obama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected.

  Grover Norquist

  Insulting, President, Ceilings

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• It is known, to the force of a single pound weight, what the engine will do; but, not all the calculators of the National Debt can tell me the capacity for good or evil, for love or hatred, for patriotism or discontent, for the decomposition of virtue into vice, or the reverse.

  Charles Dickens

  Evil, Hatred, Vices

  Charles Dickens (2001). “Hard Times”, p.52, Courier Corporation

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• I’m telling you right now I could make him pop an aneurysm and no one would know. (Nero) Doesn’t that kind of murder bother you at all? (Alix) Given everything people have done to me in my life, little girl, especially in my childhood when I was helpless against them, humanity is lucky I’m not on a perpetual killing spree. As for the Merjacks…I owe them a debt that no amount of violence on my part will settle. So, no. Nothing about killing him would bother me. (Nero)

  Sherrilyn Kenyon

  Girl, People, Childhood

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• I refer to the debt - the new red menace. This time consisting of ink.

  Mitch Daniels

  Ink, Red, Arithmetic

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