Debt Quotes - Page 35

• Though the meek shall inherit the earth, but don't forget:
  The poor are the ones who inherit the debt.

  Kelvin Mercer

  Rap, Hip Hop, Earth

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• Public debt [is] a burden on all the people.

  Calvin Coolidge

  People, Presidential, Burden

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• In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

  John Kenneth Galbraith

  Money, War, Government

  "Money: Whence It Came, Where It Went". Book by John Kenneth Galbraith. Chapter VIII, "The Great Compromise," p. 90, 1975.

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• We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.

  Herbert Hoover

  Presidential, Economics, Spending

  Herbert Hoover (1938). “Addresses upon the American road”

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• In FY 2006, interest payments alone on the national debt cost us $406 billion. . . . What a waste. . . . That $406 billion is pathetically squandered on interest, just because we lacked the discipline to pay our bills when due.

  Bill Press

  Discipline, Political, Cost

  Bill Press (2008). “Trainwreck: The End of the Conservative Revolution (and Not a Moment Too Soon)”, p.192, John Wiley & Sons

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• Globalization is a reality. And this makes most leaders today realize that populist illusions can't be sustained before they collapse into stagnation and leave their political supporters deeply disillusioned. You can't inflate away your troubles or allow mountains of debt to build up if, as a country, you have to make your living in a globally competitive environment... Building prosperity requires caution and patience. It requires time. Populism is a short cut that doesn't work.

  Fernando Henrique Cardoso

  Country, Cutting, Reality

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• The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some.

  John C. Malone

  Reality, Years, Curse

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• Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C.

  Dan Benishek

  Arrogance, Waste, Enough

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• The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.

  William Vickrey

  Retirement, Government, Desire

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• It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.

  Thomas A. Edison

  Country, Men, Issues

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• The one aim of these financiers is world control by the creation of inextinguishable debts.

  Henry Ford

  World Government, Nwo, Historical

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• Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.

  Robert Kiyosaki

  Inspirational, Success, Sarcastic

  FaceBook post by Robert Kiyosaki from Jun 04, 2012

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• Money is not worth dying for. I know, because years ago, while nearly a million dollars in debt, suicide was an option. Rather than run, rich dad suggested I write down all the mistakes I made and then seek help. If I made accounting mistakes, I talked to an accountant. If there was a legal mistake, I talked to an attorney. That was my way out. That is how I got smarter.

  Robert Kiyosaki

  Inspirational, Success, Suicide

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• After Daskalos returned to his armchair and was getting ready to continue our discussion I asked him whether the affliction of that man was due to karmic debts.

  Kyriacos C. Markides

  Karma, Men, Affliction

  Kyriacos C. Markides (1985). “The Magus of Strovolos: The Extraordinary World of a Spiritual Healer”, London ; Boston : Arkana

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• Rich people always have a certain degree of debt. Apparently it helps to reduce taxes. I'm not so hot on the bean-counting side.

  Felix Dennis

  Money, People, Degrees

  Felix Dennis (2008). “How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets”, p.14, Penguin

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• The American people will not tolerate a clean increase in the debt limit.

  John Boehner

  People, Limits, Clean

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• Thus my learning is not my own; it belongs to the unlearned and is the debt I owe themMy wisdom belongs to the foolish, my power to the oppressed. Thus my wealth belongs to the poor, my righteousness to the sinners.

  Martin Luther

  Wealth, Foolish, Poor

  Martin Luther, Helmut T. Lehmann (1986). “Luther's Works: Lectures on Galatians”

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• If there is anything in us, it is not our own; it is a gift of God. But if it is a gift of God, then it is entirely a debt one owes to love, that is, to the law of Christ. And if it is a debt owed to love, then I must serve others with it, not myself.

  Martin Luther

  Law, Christ, Gift From God

  Martin Luther, Helmut T. Lehmann (1986). “Luther's Works: Lectures on Galatians”

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• I grew up middle class. My father was a public functionary who didn't leave an inheritance, just debts.

  Sebastian Pinera

  Father, Class, Inheritance

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• I am perfectly happy to compromise and work with anybody. Republicans, Democrats, Libertarians. I’ll work with Martians. If — and the if is critical — they're willing to cut spending and reduce the debt.

  Ted Cruz

  Cutting, Ifs And, Libertarian

  "David Axelrod defends Obama's handling of economy; Ted Cruz pulls Texas-sized upset". "Fox News Sunday" with Chris Wallace, www.foxnews.com. August 05, 2012.

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• I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.

  Jon Huntsman, Jr.

  Cutting, Levels, Limits

  "Jon Huntsman Moves To Shed Obama Brand By Aligning With House GOP On Medicare, Debt Ceiling" By Jon Ward, www.huffingtonpost.com. May 20, 2011.

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• The people of Maine were tired of being in debt and tired of being overtaxed.

  Paul LePage

  Tired, People, Maine

  "Gov. LePage: We're Fixing Problems in Maine". Interview with Stuart Varney, www.foxnews.com. July 18, 2011.

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• What is gained by debt relief and aid can be lost if we don't get a proper trade agreement in Hong Kong.

  Gordon Brown

  Agreement, Hong Kong, Relief

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• I personally do not owe the debt that was owed by the campaign.

  Alan Keyes

  Campaigns

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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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