George Osborne Quotes

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

You can't be in debt and win. It doesn't work.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

Massive runs on short-term debt helped trigger the Great Recession.

We do not project power from bankruptcy court. We're borrowing a million dollars a minute. It's got to stop somewhere.

I don't think a bankruptcy is a good thing.

I hope we will never again see such a depression. But I am troubled by the huge consumer installment debt which hangs over the people of the nation, including our own people.

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

What is debt anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

Industry pays debts, while despair increases them.

A debt may get mouldy, but it never decays.

Debt is like any other trap, easy enough to get into, but hard enough to get out of.

If you have debt, you have to worry about it. I would challenge each of you to try to be debt-free.

A man in debt is so far a slave.

Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

When debts are not paid because they cannot be paid, the best thing to do is not talk about them, and shuffle the cards again.

There is scarcely anything that drags a person down like debt.

I listened to the students on campus in Plymouth, worried about their steadily deepening debts and how on earth they would ever escape them.

The idea that somebody is going to come in and make your debt go away and all be well for the future is really a fantasy.

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

You cannot spend your way out of recession or borrow your way out of debt.

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts.

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.