When people are running up more and more debt for housing, they call that "real wealth. " It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.
Now was not a good time, but we didn't often get to chose the time to repay our debts.
We must not let our rulers load us with perpetual debt.
[S]ound policy condemns the practice of accumulating debts.
In a world awash in debt, power shifts to creditors.
I would be very, very strong on the debt limit. And I would be asking for a very big pound of flesh if I were the Republicans. And the problem with the Republicans, they have two sides. The smaller side is very strong and the other side is always agreeing and, you know, you can't do that.
The debt that each generation owes to the past, it must pay to the future.
He is like some sherry-crazed old dowager who has lost the family silver at roulette, and who now decides to double up by betting the house as well.
We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt.
I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I think the Fed is making federal debt so cheap that Congress has no interest, Washington has no incentive to ever face up to our massive fiscal gap that is going to grow, and grow as we go forward in time and so we have a paralyzed system.
We all think we're going to get out of debt.
You'll feel better when you get all that debt off your back.
A PERSON WHO CANNOT FORGIVE HAS FORGOTTEN HOW GREAT A DEBT GOD HAS FORGIVEN THEM.
If we get into the habit of thinking of ourselves as always owing a debt of love to our spouses, we will be less inclined to take offense when they say or do something that we do not like.
Never run into debt, not if you can find anything else to run into.
One of my big inspirations was Céleste Mogador. She was a courtesan who wrote her memoirs in order to pay off her debts, which is a hilarious gesture.
We don't want to put up the money. We owe almost $20 trillion. Doubled since [Barack] Obama took office, our national debt. But we will get the money from Gulf states and others.
I have been working for Africans since I was 18, when I got involved with the Nelson Mandela concerts. I got involved with debt cancellation because Desmond Tutu demanded that the world respond to that situation.
You can see our media appearances as well as connect to Our Power to the People Agenda, Our Green New Deal, our plan to abolish student debt and our plan to actually create a whole new foreign policy based on international law and human rights.
Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that's not permitted with student loans. So the effect is to impoverish many graduates with very high debts.