John Thune Quotes

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

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

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

I would borrow money all day long, if the cost of borrowing is less than the expected return.

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.

Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.

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

It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.

Those have a short Lent who owe money to be paid at Easter.

Before borrowing money from a friend it's best to decide which you need most.

... maybe we can all agree on one lesson from the Greek crisis, namely that, to maintain a friendship, you should lend only as much money as you are ready to give away anyway.

I care not who forms the government of a country, so long as I control the purse strings.

If someone owed you a large amount of money, you probably would make quite a few attempts to get it back. Not the federal government.

As an individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from—so it must be with a government.

When it was necessary to raise money for the prosecution of the war, and a loan was sought of two hundred millions of dollars, more than fourteen hundred millions were subscribed by the people of the United States, and for the first time in our history your government my government sells a three-per-cent. bond, a bond which sold at par, which is now worth a premium of five cents on every dollar, which profit has gone to the people. For it was a popular loan, and no citizen was able to receive more than five thousand dollars worth of bonds.

Money was the crux. Raising money to pay the cost of war was to cause more damage to 14th century society than the physical destruction of war itself.

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes.

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.

Debt is one person's liability, but another person's asset.

I started with capital of about $1,500, a princely sum for a student coming out of college, an amount I borrowed from my father.

I invested all my money in debt.

Debt is part of the human condition. Civilization is based on exchanges - on gifts, trades, loans - and the revenges and insults that come when they are not paid back.

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.

I went to the bank and asked to borrow a cup of money. They said, 'What for?' I said, 'I'm going to buy some sugar.'

Treasury notes are a precarious substitute either for coin or for bank notes, charges as they are with a growing interest, productive of no countervailing profit or emolument, and exposed to every breadth of popular prejudice or alarm.