Rush Limbaugh Quotes

Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a government, is going to go broke and bankrupt. They are asking to be given the right to declare bankruptcy, which I think should be an option, as a last resort, if there is no other resource.

Without significant reform, the Social Security Administration will be legally and financially unable to pay full promised benefits within a generation.

The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.

If we are really serious about preventing another crisis like the 2008 meltdown, we should simply ban complex financial instruments unless they can be unambiguously shown to benefit society in the long run.

The people of Maine were tired of being in debt and tired of being overtaxed.

Occupy Wall Street means making Wall Street and the corporate power elite understand that the people affected by the binge of unregulated greed are not going away, and they are not going to give up.

The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.

In many of our Plantations of late Years, by bad Management and Extravagancies, the Majority of the People are become Debtors, hence their Elected Representation in the Legislature have a great Chance to be generally of the Debtors Side: or in other Words, the Representatives being generally Freeholders, and many of them much in Debt; by large Emissions their Lands rise in Denomination Value while their Debts become really less, and the Creditor is defrauded in Part of his Debt.

Ireland, once an impoverished backwater from which generations fled, conjured an economic miracle…. After 2007, the party ended in a morass of insolvent banks, bad mortgages, and unpaid public debt, ultimately sending the proudly independent country begging to the International Monetary Fund.

Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?

While most of us are trying to be more frugal, the loss of a job, a divorce, or a medical emergency can quickly sink us deeply into debt.

I declared bankruptcy, and that was the worst thing I ever should have done.

The people who pawn stuff never want to be on the show. And the reason behind that, I find out, is when people are pawning something, it's - they're getting a loan. They have to admit they're broke. For some reason or the other, something has happened, or they're financially irresponsible.

I was so deep in red ink coming out of ECW that I had to make a good solid living just to get my nose above the water line because of ECW.

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 need for comprehensive reform must not blind us to the urgency of addressing the massive debt that's already crushing our young people.

But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.

It's more likely in America that your parents will file for bankruptcy than divorce. We think of divorce as so prevalent, but we all know that happens because somebody moves out of the house.

We want the accursed foreclosure system wiped out.... We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.

If a company can declare bankruptcy, why can't a country do so?

We call for a bailout for an entire generation that is basically held hostage by unpayable student-loan debt.

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.

Lastly, there is bankruptcy, as the United States pours its economic resources into ever more grandiose military projects and shortchanges the education, health, and safety of its citizens.

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

We came out of the White House not only dead broke, but in debt.