Phil Gingrey Quotes

The answer to too much debt is not more debt; it is less debt.

You know, we've got to be responsible about our debt. We don't want the United States to ever be a dead beat, and not be able to pay its bills, either to our soldiers who are fighting or to Social Security recipients.

Speak not of my debts unless you mean to pay them.

You need some quick wins in order to stay pumped enough to get out of debt completely.

Families out there know that if they get in trouble and they've spent up a bunch of money and they've borrowed and they are up to hock to their necks, the thing they've got to do is start paying off what they owe and cut back their spending.

Someone has to pick up the tab when people get out of repaying their own debts.

The reason we vote on the debt ceiling is to pay for past spending. It has nothing to do with what we are going to spend. What you are really saying is “I’m sorry, I am so mad that I don’t want to pay my past debts.”

I often say that paying off your debt is like dieting. There are no miracle cures; it takes discipline and hard work.

I fully believe that the U.S. has the obligation to honor its debt.

I promise not to take my thousands of dollars in student loan debt and move to Mexico. At least not right away.

LFC is not servicing debt other than stadium debt.

A lower interest rate doesn't make a debt go away.

A debt may get mouldy, but it never decays.

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

There are no shortcuts when it comes to getting out of debt.

Some people use one half their ingenuity to get into debt, and the other half to avoid paying it.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

You can take a chance with any man who pays his bills on time.

You'll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It's called the avalanche method, and it gets you out of debt cheapest and fastest.

Everyone in our society has had to make a contribution towards dealing with the debts.

If you're trying to get out of debt, you have to be willing to treat everything as expendable.

If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department.

I fear debt. I don't like being indebted to banks. I have a rule in life that I will get it when I can afford it.

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.

When you owe money to people, you're always going to owe money to people, so you should take care of it as soon as possible. It doesn't go away just because you ignore it.