Mitch Daniels Quotes

Credit buying is much like being drunk. The buzz happens immediately and gives you a lift... The hangover comes the day after.

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

A public debt is a kind of anchor in the storm; but if the anchor be too heavy for the vessel, she will be sunk by that very weight which was intended for her preservation.

Choice depends on the freedom to choose and if you are shackled with debt you don't have the freedom to choose.

I refer to the debt - the new red menace. This time consisting of ink.

The greatest threat to our national security is our debt. We borrow a million dollars a minute.

There's nothing as short as short-term debt.

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

It sounds so incredibly selfish, but you just can't earn the same money doing theater as you can doing television and film. I know that's awful, but you get a mortgage and a family, and suddenly, paying that seems quite important.

Most women work not from yearning for fulfilment but yearning to pay the mortgage.

Liquidity problems can occur in central clearing, even if all counterparties have the financial resources to meet their obligations, if they are unable to convert those resources into cash quickly enough.

Overwhelming, student loan payments are holding millions back from buying homes, starting families, and saving for retirement.

I put myself in debt to get to the NBA.

I was so terrified that the business would not do well and that there would be no way that I would be in a position to pay my dad back this $80,000. At Stars, as a line cook, I think that I was making $10 or $12 an hour. So $80,000 - to have to pay that back was incomprehensible.

It always seems to me that my life would look completely different if I didn't have to take care of the rent.

I thought it'd be different. Kind of like, a lot of weight lifted off of my shoulders, as I don't have to worry about finances for the rest of my life, or my family's. But it wasn't like that. It was more - there's things I need to get done.

I'm doing my best to stay off that financing scheme that relies on this one strip of capital, which is the red carpet. And - no sob story - but it's hard. It takes a while.

Women hate a debt as men a gift.

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.

The US Debt is the single biggest threat I see to innovation in American business.

The burden of the national debt consists not in its being so many millions, or so many hundred millions, but in the quantity of taxes collected every year to pay the interest. If this quantity continue the same, the burden of the national debt is the same to all intents and purposes, be the capital more or less.

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

As well as, we know, as a real estate developer, [Donald Trump] has hundreds of millions of dollars in debt, in loans.

Black men, Indian men, and gay men have all have something in common: They do not provide an economic security blanket for women.

The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.