Debt Quotes
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Thou whom avenging pow'rs obey, Cancel my debt (too great to pay) Before the sad accounting day.
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More Debt Quotes
He who receives a benefit with gratitude repays the first installment on his debt.
seneca the younger— Seneca the Younger, On Benefits, Book II, 22, line 1.
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.
rutherford b. hayes— Diary (13 July 1879).
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— Poppy Drive speech, 21 October 2005
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.
hammurabi— Section 48 of the Code of Hammurabi (translated by Leonard William King, 1910).
— Alternately translated as: If a man owe a debt and Adad inundate his field and carry away the produce, or, though lack of water, grain have not grown in the field, in that year he shall not make any return of grain to the creditor, he shall alter his contract-tablet and he shall not pay the interest for that year.
Like almost everyone who uses e-mail, I receive a ton of spam every day. Much of it offers to help me get out of debt or get rich quick. It would be funny if it weren't so irritating.
bill gates— "Why I Hate Spam" in Microsoft PressPass (2003)
[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).
'Is there no more?' She cries.'All this to love, and rapture's due, Must we not paya debt to pleasure too?'
Rochester, John Wilmot, 2nd Earl of— c.1672 'The Imperfect Enjoyment', l.22-4 (published1680).
Much of the securitization took the form of collateralized debt obligations (CDOs) with senior credit tranches certified by rating agencies as AAA. It was the failure to properly price such risky assets that characterized the crisis.
Alan Greenspan— "Epilogue", p. 512
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— Dictionary of Burning Words of Brilliant Writers (1895, p. 204).
It is better to have a plain, substantial building, with no extravagance about it, but without a debt, than to have the most splendid specimen of Gothic architecture that is overlaid by a mortgage.
william mackergo taylor— P. 151. (Dictionary of Burning Words of Brilliant Writers (1895))
A national debt, if it is not excessive, will be to us a national blessing.
Alexander Hamilton— Letter to Robert Morris (April 30, 1781)
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— Quoted in Stephen Mihm, "Dr. Doom," The New York Times (2008-08-15)
He who receives a benefit with gratitude repays the first installment on his debt.
seneca the younger— Seneca the Younger, On Benefits, Book II, 22, line 1.
First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.
— Chapter IX, The Law Of Personal Property, p. 123
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.
Among my friends love is a payment. It is an old debt for a borrowing foolishly spent.
william dunbar— 1946 Early Poems1939-46,'Among My Friends Love Is a Great Sorrow'.
People in debt become hopeless and hopeless people don’t vote. They always say that that everyone should vote but I think that if the poor in Britain or the United States turned out and voted for people that represented their interests there would be a real democratic revolution.
tony benn— Interview with Michael Moore in the movie Sicko (2007)
Choice depends on the freedom to choose and if you are shackled with debt you don’t have the freedom to choose.
tony benn— Interview with Michael Moore in the movie Sicko (2007)
Science does not know its debt to imagination.
ralph waldo emerson— Poetry and Imagination
If I was in Congress, I would not vote to raise the debt ceiling.
sean hannity— Hannity, Fox News, 12 April 2011
— "Fox vs. Fox: Debt Ceiling Edition", Media Matters for America, 13 April 2011, retrieved on 2011-08-01
Death's a debt; his mandamus binds all alike — no bail, no demurrer.
Richard Brinsley Sheridan— St. Patrick's Day (1775), Act II, sc. iv.
We can pay our debts to the past by putting the future in debt to ourselves.
john buchan— Address to the people of Canada on the coronation of George VI (12 May 1937)
Blessed are the young, for they shall inherit the national debt.
herbert hoover— Address to the Nebraska Republican Conference, Lincoln, Nebraska (16 January 1936)
Social Science … led us to the fallacy that, since all men have their being in culture and as a result of culture, they owe a debt to that culture which even a lifetime of altruism could not repay.
david riesman— cited in Essays on Individuality (Philadelphia: 1958), p. 110
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— "A Bankrupt Superpower", CounterPunch (2008-03-18)
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).
And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.
— Thomas Jefferson, letter to Samuel Kercheval, July 12, 1816, reported in ed., The Writings of Thomas Jefferson, Paul L. Ford, vol. 10, p. 41 (1899).
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.
This would be a much better world if more married couples were as deeply in love as they are in debt.
Earl Wilson— American journalist, gossip columnist, and author (1907 - 1987)
