If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not grow for lack of water; in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year.
[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).
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.
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
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
Lyin' awake in a cold, cold sweat Am I overdrawn, am I going in debt? It gets worse, the older that you get No escape from the state of confusion I'm in State of confusion I'm inRay Davies, in "State of Confusion" on State of Confusion (1983) by The Kinks
It shows nobility to be willing to increase your debt to a man to whom you already owe much.Cicero, Epistulae ad Familiares, II, 6, 2 (43 BC).
I am for a government rigorously frugal & simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers & salaries merely to make partisans, & for increasing, by every device, the public debt, on the principle of it's being a public blessing.Thomas Jefferson, letter to Elbridge Gerry, January 26, 1799, reported in ed., The Writings of Thomas Jefferson, Paul L. Ford, vol. 7, p. 327 (1896).
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).
The United States has already passed on as the world’s economic leader. Having flouted Thomas Jefferson for too long, America has succumbed to public debt, the 'fore horse for oppression and despotism,' after which 'taxation will follow, and in its train wretchedness and oppression.“Economic Apocalypse Now,” WorldNetDaily.com, June 3, 2011.
Altho' the surety is not troubled or molested for the debt, yet at any time after the money becomes payable on the original bond, this Court will decree the principal to discharge the debt; it being unreasonable that a man shall always have such a cloud hang over him.Lord Keeper North, Kanelaugh v. Hayes (1683), 1 Vern. 189, 190; this illustrates the exclusive coercive jurisdiction of equity in cases where it is against conscience to permit a passive state of things to continue.
There is no debt with so much prejudice put off as that of justice.Of those whom God is slow to punish.
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