Debt Burden Quotes

The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale

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.

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

When you’re highly leveraged, everything is exaggerated. Good times are better—but bad times are much worse.

Haven't we all grown up trusting high street banks? Their branches were fixtures, not only in our towns and cities, but in the way our lives ran. Yet it is no exaggeration to say that thousands, possibly millions of us, instead of being helped have found our lives permanently damaged by the toxic U.K. financial system.

The bastards broke the People's back with their usury.... Let them die; the People will survive.

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.

It got to the point where I couldn't afford to borrow any more money to lose. Know what I mean? That was just before 'Frampton,' my fourth album. As we were recording it, I was very down and depressed.

I don't come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt.

I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.

Nineteen years is the term beyond which neither the representatives of a nation nor even the whole nation itself assembled can validly extend a debt ... one generation is to another as one independent nation to another.

We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah.

The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price.

At my lowest point, I was nearly $700,000 in debt.

We have been maintaining a standard of living by putting things on the debt of the next generation.

A public debt is a public curse.

A man who murders another shortens by a few brief years the life of a human being; but he who votes to increase the burden of debts upon the people of the United States assumes a graver responsibility.

Of course I'm troubled by huge consumer debt levels - we've pushed consumer credit very hard in the US. Eventually, if it keeps growing, it will stop growing. As Herb Stein said, "If something cannot go on forever, it will stop." When it stops, it may be unpleasant. Other than Herb Stein's quote, I have no comment. But the things that trouble you are troubling me.

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

Our national finances are in a ruinous state.

The ingenious slogan that the public debt does not matter because 'we owe it to ourselves' is clearly absurd.

Upon the farm of the uncle with whom I lived, we did know of the mortgage as some dreadful damper on youthful hopes of things that could not be bought. I do have a vivid recollection that the major purpose of a farm was to produce a living right on the spot for the family.

Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt. ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs.

When one has too much student debt or if housing is too unaffordable, then one will have negative capital for a long time… and if one has no stake in the capitalist system, then one may well turn against it.

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