Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.
Is there no reconciliation of some ancient quarrel, no payment of some long outstanding debt, no courtesy or love or honor to be rendered to those to whom it has long been due; no charitable, humble, kind, useful deed, by which you can promote the glory of God, or good-will among men, or peace upon earth? If there be any such, I beseech you, in God's name, in Christ's name, go and do it.arthur penrhyn stanley
[United States Senate Committee on Finance] Staff views it as inappropriate for a hospital to seek payment from a patient by sending a bill, (and) when payment is not received, to seek to recharacterize that debt as charity care. In addition, staff has found that the decision by some hospitals to include bad debt which often consists of very high charges from the (chargemaster list) provides a misleading and inflated accounting of a hospital 's charity care to policymakers and the public.United States Senate Committee on Finance staff, cited in: Naples Daily News staff (September 23, 2007). "Nonprofits hope IRS more responsive to them". Naples Daily News (Florida).
"Now, Halford, I bid you adieu for the present. This is the first instalment of my debt. If the coin suits you, tell me so, and I'll send you the rest of my leisure: if you would rather remain my creditor than stuff your purse with such ungainly heavy pieces — tell me still, and I'll pardon your bad taste, and willingly keep the treasure to myself."anne brontë
Those of us born after that era (of World War II), or with little or no knowledge of those experiences, take freedom for granted. In fact, we give little thought because we are preoccupied with the here and now and yet we owe a debt of gratitude that can never be repaid because you (returned servicemen) paid the price in blood.ratu joni madraiwiwi
Meanwhile, the U.S. debt remains, as it has been since 1790, a war debt; the United States continues to spend more on its military than do all other nations on earth put together, and military expenditures are not only the basis of the government's industrial policy; they also take up such a huge proportion of the budget that by many estimations, were it not for them, the United States would not run a deficit at all.David Graeber, Debt: The First 5000 Years (2011), p. 365.
The most serious problems lie in the financial sphere, where the economy’s debt overhead has grown more rapidly than the ‘real’ economy’s ability to carry this debt. ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.michael hudson
When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time. The fact of the matter is that the US is bankrupt.paul craig roberts
Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.nouriel roubini
What is debt anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence."David Graeber. Debt: the First 5000 Years (2011).
I, however, place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.Thomas Jefferson, letter to William Plumer, July 21, 1816, reported in ed., The Writings of Thomas Jefferson, Andrew A. Lipscomb, vol. 15, p. 47 (1903).
A National debt is a National blessing.Attributed to Daniel Webster, repudiated by him. See speech (Jan. 26, 1830).
There is no debt with so much prejudice put off as that of justice.Of those whom God is slow to punish.
At some time, here or hereafter, every account must be settled, and every debt paid in full.John Heyl Vincent, reported in Josiah Hotchkiss Gilbert, Dictionary of Burning Words of Brilliant Writers (1895), p. 361
Create and save customized word lists. Sign up today and start improving your vocabulary!
Please set a username for yourself.
People will see it as Author Name with your public word lists.