David Dinkins Quotes

Borrowed money, even when owing to a nation by another nation, should be repaid. They hired the money, didn't they? Let them pay 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.

Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.

The interesting thing about debt in most cases is that you have to pay it back. So if you build an overhang of debt, it becomes more and more limiting in terms of the prospect that you have.

If you are a borrower, the more you borrow, the more it costs.

In this business, if you don't pay your debts you're finished.

I don't think you expand entitlements when so many people are dependent on government and when the money the federal government is offering is going to be taken away from you after just a couple of years.

I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.

Debt is a mistake between lender and borrower, and both should suffer.

When you borrow money, you should always think how you're going to pay it back.

If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.

Korea's early repayment of the full amount of loans from the IMF is a major milestone.

I invested all my money in debt.

I don't know of any of us that want to see any kind of default happen.

Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.

We simply can't keep providing money from the federal government in the form of subsidized or actual loans and Pell Grants when we don't have the money.

A bank is a place that will lend you money if you can prove you don't need it.

A man needs credit. Especially when he has no money.

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

Debt is a drag, a reality you may experience with every credit-card bill you open. But for a corporation or a government, it can be even more of a drag - on economic growth and job creation.

It's traditionally not federal policy to fund state and local salaries. It's done sometimes on a temporary basis or a grant basis. But it's not often done. And the reason is clear, because the federal government can't continue in perpetuity these programs.

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.

Any bailout of a private company is a bad decision by our federal government. Private companies have the right to succeed, but they also should have the right to fail.

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.