Osby Davis Quotes

It's amazing that no matter how much money you have, you can make some bad decisions, and in five months you're on the street, begging.

Solving a problem created by debt... by creating more debt is a fool's errand.

The people who are filing for bankruptcy in increasing numbers every year, it's not the poorest. It's not the people at the economic fringes. It's people who worked hard and played by the rules.

A man in debt is so far a slave.

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

We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city.

Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.

There's so little money in my bank account, my scenic checks show a ghetto.

And here a most heinous charge is made, that the nation has been burdened with unnecessary expenses for the sole purpose of preventing the discharge of our debts and the abolition of taxes.

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.

When your outgo exceeds your income, the upshot may be your downfall.

All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the top.

I live in Vegas, and I see people by the side of the road with cardboard signs who seem like they might have tried that spending their way out of debt thing.

Such schemes take money from people who can least afford to spend it to support an unneeded bureaucracy that eats money people thought they were providing for education.

Let me tell you something: I have members in my charter who, after paying their rent and house bills and taking care of their families, don't even have enough money left over to pay the fifteen dollars a week dues.

Of all the artists on Death Row, none of them went bankrupt.

We all know of families who have obligated themselves for more than they could pay. There is a world of heartache behind such cases.

This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.

When I moved to L.A., I was penniless, absolutely beyond broke and in debt up to my eyeballs.

Bankruptcy exposes the economic vulnerability and insecurity of middle class women.

The women who file for bankruptcy played by all the rules, but they are still in economic freefall.

We cannot allow the heavy weight of the debt to bring us to our knees..

Republics come to an end by luxurious habits; monarchies by poverty.

You cannot continue to pay what you don’t have.

The biggest pressure towards bankruptcy is health expenses … an unexpected health problem is the biggest driver.