Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you?
How much in this world is charged to chance or fortune, or veiled under a more devout name, and accorded to Providence; while, when we come to look honestly into affairs, we find it to be a debt of our own accumulation, and one which we must inevitably pay.
Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.
The idea that somebody is going to come in and make your debt go away and all be well for the future is really a fantasy.
A Lannister always pays his debts.
A public debt is a public curse.
Debts and lies are generally mixed together.
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. . . It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.
I'm for eliminating deductions and taking some of the money to buy down rates and put it on the debt. That's not raising taxes. That's solving a problem.
Our real debt ceiling isn't decided by Washington; it's decided by Beijing.
This is not a game,. . . Debt has become a part of who we are. It's become that spoiled child in the grocery store with their lip stuck out: 'I want it. I want it. I deserve it because I breathe air. ' And, well, that's an uphill climb in our culture right now, to go against that and say, 'Hey, let's be grownups here. Let's be mature, learn to delay pleasure, save up and pay for things. '
As it turns out, we don't "all" have to pay our debts. Only some of us do.
I sit here before you trying to figure out how to pay a tax debt? If that's not like enough to slavery, I don't know.
As to Taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine.
The debt-habit is the twin brother of poverty.
The more debt we owe, the wealthier we are.
Liberalism does not preclude an organisation of the flow of money in which some channels are used in decision making while others are only good for the payment of debts
Marriage, like death, is a debt we owe to nature.
Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. . . . The credit crunch and foreclosure problems are failures of government policy.
There's nothing as short as short-term debt.