440 Debt Quotes for You to Enjoy

We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy. David Axelrod

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it. David Malpass

Government Win Politicians Pay Spending Promised Neither Cost Obligated Wrong Generations Practically Leaving Covered Nor Government Spending Off Up Debt Endless Stop Plan Taxpayers Elections Europe

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt. David Malpass

Failure Law Hurts National Our Spending Books Has-Been Abject More Rating Purpose Misleading Name Limit Limiting Reducing Still Been National Debt Debt Debt Limit Serve Credit Credit Rating Started

But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction. David Plouffe

Needs Will Deficit Deficit Reduction Significant Something Obviously Limit Passed Reduction Debt Debt Limit Get Process Belief Inconsistent

My point is cutting spending shouldn't be reliant on the debt limit though. It's something we have to do. The good news for America is, leaders in both parties, the president, believe that we have to have significant deficit reduction. So the intent is there. And I think what America is going to demand is that our leaders come together. David Plouffe

Good News Together Good News Believe Think President Our Deficit Deficit Reduction Spending Though Significant Something Both Both Parties Point Leaders Demand Come Parties Limit Reduction Debt Debt Limit America Going Intent Cutting

The death of compromise has become a threat to our nation as we confront crucial issues such as the debt ceiling and that most basic of legislative responsibilities: a federal budget. At stake is the very meaning of what had once seemed unshakable: 'the full faith and credit' of the U.S. government. Deborah Tannen

Death Faith Government Become Nation Our Once Responsibilities Threat Seemed Compromise Federal Crucial Had Unshakable Budget Most Issues Ceiling Debt Debt Ceiling Very Legislative Stake Confront Meaning Meaning Of Full Credit Basic

Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible. Dee Dee Myers

Politics Health Financial Victory Care Long National Deficit Worse Battles Financial Services Obama Administration Seemed Scenarios Remains Poised Taken Invincible Longer Over Economy Stunning Looks Health Care Health Care Reform His National Debt Debt Than Reform American Legislative After American Politics Toll Even Services

They have seized upon the government by bribery and corruption. They have made speculation and public robbery a science. They have loaded the nation, the state, the county, and the city with debt. Denis Kearney

Government Science Corruption Made Nation State City Seized Robbery County Debt Public Bribery Loaded Speculation

Student loan debt is certainly not a fitting topic for a commencement speech, but it's an issue we must confront - not only for thousands of college graduates who deserve a fair shot, but also for our economy. Dianne Feinstein

The men and women on the front lines of the war on terror continue to risk their lives to save ours - and for that we owe them a debt that we can never truly repay. Thanks to their efforts we have made tremendous progress. Yet, the job is not done. Doc Hastings

War Women Progress Job Made Men Men And Women Thanks Tremendous Ours Risk Never Terror Repay Continue Lines Truly Debt Owe Efforts Done Front Front Lines Them Lives Save

No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure. Edmund Phelps

Forgiveness Prosperity Achieve Will Relief Rather Restructuring Long-Term Real Debt Cure Greeks Short-Term Help Even Amount Need

After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn't honor their promises to the people. Edward C. Prescott

War Government People World Inflation Honor Value Promises Those Pressured Pension Fell Were Lot Debt Hold After Europe Fully Assets Funds World War World War II

I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out. Eli Broad

Work Loan Think Other Corporations Enterprise Out Another Go Debt Than Owner Being Bankruptcy Now Things

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument. Eliot Spitzer

Future Political Argument Congress Additional Despite Spending Approved Has-Been Logically Able Points GOP Fallacy Been Score Encourages Ceiling Debt Debt Ceiling Irresponsible Republican Raised Raising

The Millennial Generation is being crushed by soaring college costs and student loan debt, and as lawmakers, we must find solutions to address affordability and flexibility in higher education. Elise Stefanik

Education Generation Loan College Higher Education Crushed Address Must Solutions Find Lawmakers Costs Higher Student Debt Being Soaring Flexibility

Rising student-loan debt is an economic emergency. Elizabeth Warren

Emergency Rising Economic Debt

There are lots of families who - who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills. Elizabeth Warren

Pay Those Purchases Also Make Because Lot Lots Debt Families Irresponsible Use Who Bills Medical Credit Credit Cards Cards

G.E. doesn't pay any taxes, and we are asking college kids to take on even more debt to get an education and asking seniors to get by on less. These aren't just economic questions. These are moral questions. Elizabeth Warren

I've criticized Republicans for their lack of fiscal discipline when they controlled Congress before 2007. However, that is no excuse to just continue with more of the same or, as the case is now, to make it worse. Under House Speaker Nancy Pelosi's budget, we will double the national debt in five years and triple it in 10. Erik Paulsen

Discipline Will National Before Congress Worse Criticized No Excuse Triple Case More Budget Excuse Nancy House Make Fiscal However Continue Years National Debt Debt Five Same Controlled Lack Just Republicans Double Speaker Now

I like my players to be married and in debt. That's the way you motivate them. Ernie Banks

You Way Married Like Motivate Debt Them Players

State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale. Eugene Fama

Service Government Will First Looking Pay Think State Scale Pension Constitutions Federal Federal Government Bailout Know Make Provide Ultimately Debt Greece Going Order Bigger Whether Then Much Enforced Payments Busted Services

All the central banks are doing is substituting one form of debt with another form of debt. They're issuing short term debt and using it to buy long term debt. In finance, we tend to think that's a neutral activity, even though those stimulus programs are huge. Eugene Fama

Finance Buy Long Think Programs Those Though Tend Neutral Long-Term Term Another Doing Stimulus Huge Debt Short Banks Form Central Short-Term Using Even Activity

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