Quotes on Debt

Allow a government to decline paying its debts and you overthrow all public morality-you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.

No measure can be more desirable, whether viewed with an eye to its intrinsic importance, or to the general sentiment and wish of the Nation than to establish a systematic and effectual arrangement for the regular redemption and discharge of the public debt.

The fact that mathematics does such a good job of describing the Universe is a mystery that we don't understand. And a debt that we will probably never be able to repay.

Life is a process of accumulation. We either accumulate the debt or the value, the regret or the equity.

This is not a game, ... Debt has become a part of who we are. It's become that spoiled child in the grocery store with their lip stuck out: 'I want it. I want it. I deserve it because I breathe air.' And, well, that's an uphill climb in our culture right now, to go against that and say, 'Hey, let's be grownups here. Let's be mature, learn to delay pleasure, save up and pay for things.'

Compound interest on debt was the banker's greatest invention, to capture, and enslave, a productive society.

The ruling passion of the age is to convert wealth into debt in order to_x000D_ derive a permanent future income from it - to convert wealth that perishes_x000D_ into debt that endures, debt that does not rot, costs nothing to maintain,_x000D_ and brings in perennial interest.

Our expense is almost all for conformity. It is for cake that we run in debt; 'tis not the intellect, not the heart, not beauty, not worship, that costs so much.

The spirit in which a thing is given determines that in which the debt is acknowledged; it's the intention, not the face-value of the gift, that's weighed.

The problem is not that people are taxed too little, the problem is that government spends too much.

We cannot overstate our debt to the Past, but the moment has the supreme claim.

I try to help developing junior chess. When I lived in USSR, I got a lot of free help from very good coaches - now I am trying to repay that debt.

Science does not know its debt to imagination. Goethe did not believe that a great naturalist could exist without this faculty.

I say to you never involve yourself in debt, and become no man's surety.

Wouldst thou shut up the avenues of ill, Pay every debt as if God wrote the bill.

If there is any one thing that will bring peace and contentment into the human heart, and into the family, it is to live within our means. And if there is any one thing that is grinding and discouraging and disheartening, it is to have debts and obligations that one cannot meet.

Burdening people with debt is an old deal not a new deal.

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

A Gentleman is a man who will pay his gambling debts even when he knows he has been cheated.

No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance.

My parents believed in education and economic security, and I thank them for it. Because I think that's part of what's made my life stable. It was instilled in me. You have to be able to pay your bills. You do not get into debt. And I never have been.