Quotes on Debt

Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life.

This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

Debt is a social and ideological construct, not a simple economic fact.

Men seem to be born with a debt they can never pay no matter how hard they try.

People from the world's richest countries should be prepared to accept the burden of debt reduction for heavily indebted poor countries, and should urge their leaders to fulfill the pledges made to reduce world poverty, especially in Africa, by the year 2015.

As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.

If you borrow money to make money, you've done something magical. On the other hand, if you go into debt to pay your bills or buy something you want but don't need, you've done something stupid. Stupid and short-sighted and ultimately life-changing for the worse.

By getting an opportunity to serve society, we get a chance to repay our debt.

A small loan makes a debt; a great one an enemy.

Forgetfulness - a gift of God bestowed upon debtors in compensation for their destitution of conscience.

O believer, learn to reject pride, seeing that you have no ground for it. Whatever you are, you have nothing to make you proud. The more you have, the more you are in debt to God; and you should not be proud of that which renders you a debtor.

There is a third silent party to all our bargains. The nature and soul of things takes on itself the guaranty of the fulfillment of every contract, so that honest service cannot come to loss. If you serve an ungrateful master, serve him the more. Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.

Each of us has a responsibility for being alive: one responsibility to creation, of which we are a part, another to the creator a debt we repay by trying to extend our areas of comprehension.

A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army. We must not let our rulers load us with perpetual debt.

There are no shortcuts when it comes to getting out of debt.

One of the reasons the rich get richer, the poor get poorer and the middle class struggles in debt is because the subject of money is taught at home, not at school.

If you've got $25,000, $50,000, $100,000, you're better off paying off any debt you have because that's a guaranteed return.

Just praise is only a debt, but flattery is a present.

The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.

To those of you mourn the loss of a loved one today, my heart goes out to you. We remember that the blessings that we enjoy as Americans came at a dear cost. Our nation owes a debt to its fallen heroes that we cannot ever fully repay. But we can honor their sacrifice, and we must. We must honor it in our own lives by holding their memories close to our hearts, and heeding the example they set.