Warren Buffett Quotes

I have now the gloomy prospect of retiring from office loaded with serious debts, which will materially affect the tranquility of my retirement.

The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some.

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.

My eye muscles hurt now when I read our MasterCard bill.

One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.

No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything is interconnected.

We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

We are spending a little more than we are raising each year and you wonder how long it can go on. It is too easy for us to borrow.

There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom. You want to help people de-leverage and deal with those debts over time.

A country does not go bankrupt.

Simply put, unsustainable debt is helping to keep too many poor countries and poor people in poverty.

A public debt is a public curse.

A debt is just as hard for a Government to pay as it is for an individual. No debt ever comes due at a good time. Borrowing is the only thing that seems handy all the time.

When debtors once have borrowed all we have to lend, they are very apt to grow shy of their creditors' company.

Of course I'm troubled by huge consumer debt levels - we've pushed consumer credit very hard in the US. Eventually, if it keeps growing, it will stop growing. As Herb Stein said, "If something cannot go on forever, it will stop." When it stops, it may be unpleasant. Other than Herb Stein's quote, I have no comment. But the things that trouble you are troubling me.

Oh, life would be all right if we didn't have to put up with these damned creditors who keep pestering us with the demands of their ideals.

Let's say you're all worried about student-loan debt and you need to have steady income. That doesn't have to be your everything.

There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place.

Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.

We are borrowing $40,000 per second.

The disease of debt has reached the top. And once it reaches the top it has no-where else to go.

As an individual, as a household, you can't spend more money than you're bringing in. You can do it for a little while, but you end up going broke and you end up losing everything you have. That is the path that we're on as a country, and it scares me to death.

A small debt produces a debtor; a large one, an enemy.

The journey of a thousand miles begins with a cash advance.

If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.