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"A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money." »G. Gordon Liddy
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"We can pay our debt to the past by putting the future in debt to ourselves." »John Buchan
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"You don't pay back your parents. You can't. The debt you owe them gets collected by your children, who hand it down in turn. It's a sort of entailment. Or if you don't have children of the body, it's left as a debt to your common humanity. Or to your God, if you possess or are possessed by one." »Lois McMaster Bujold
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"Over the long term, if government revenues continue to be less than the expenditures (deficit). This will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle." »Med Jones
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"Over the long term, if government revenues continue to be less than the expenditures (deficit), then the economic health of the country worsens because this will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle." »Med Jones
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"The US government alone cannot get its economy out of the crisis. It appears to me that the current policy makers are suffering from the gambler's syndrome. They keep spending more money hoping that they will eventually win. More debt spending is a receipt for bankruptcy. Real economic growth comes from government and private sector investments, not from massive debt spending followed by tax increases or currency devaluation." »Med Jones
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"debt is the slavery of the free." »Publilius Syrus
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"Poverty without debt is independence." »Arabic Proverb
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"Praise will come to those whose kindness leaves you without debt." »Neil Finn, track #12 on his album "Try Whistling This"
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"Think what you do when you run into debt; you give another power over your liberty." »Benjamin Franklin
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"A promise made is a debt unpaid." »Robert W. Service
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"We must not let our rulers load us with perpetual debt." »Thomas Jefferson, letter to Samuel Kercheval, July 12, 1816
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"Education a debt due from present to future generations." »George Peabody
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"Blessed are the young, for they will inherit the national debt." »Herbert Clark Hoover
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"To the generous mind the heaviest debt is that of gratitude, when it is not in our power to repay it." »Benjamin Franklin
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"One can pay back the loan of gold, but one dies forever in debt to those who are kind." »Malayan Proverb
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"Science does not know its debt to imagination. Goethe did not believe that a great naturalist could exist without this faculty." »Ralph Waldo Emerson
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"A duty dodged is like a debt unpaid it is only deferred, and we must come back and settle the account at last." »Joseph F. Newton
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"A duty dodged is like a debt unpaid; it is only deferred, and we must come back and settle the account at last." »Joseph F. Newton
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"The spirit in which a thing is given determines that in which the debt is acknowledged it's the intention, not the face-value of the gift, that's weighed." »Seneca
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"Praise in the beginning is agreeable enough; and we receive it as a favor; but when it comes in great quantities, we regard it only as a debt, which nothing but our merit could extort." »James Goldsmith
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"We owe a deep debt of gratitude to Adam, the first great benefactor of the human race: he brought death into the world." »Mark Twain
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"A national debt, if it is not excessive, will be to us a national blessing." »Alexander Hamilton
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"One main reason the US has been able to prevent its currency and economy from collapsing, despite the latest wars, huge debt and massive currency printing, is because the dollar is the de-facto standard for international trade and reserve currency." »Med Jones
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"Countries that have strong pre-crisis macroeconomic metrics, rich natural resources and export-based industries have stronger recovery prospects. Strong budgets allow the government to stimulate the economy with less debt burden. Exports play a significant role in supporting a stable interest rate and ex-change rates thus renewing investors confidence and recovery." »Med Jones
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"The main difference in the speed of recovery between Argentina in post-2001 and Thailand in post-1997 crises is the exports. Fiscal discipline is necessary but not sufficient without export-driven economic growth. Too much debt can result in prolonged stagnation similar to the Japanese lost-decade of 1990s. With inflation risk on the rise, we could see more socioeconomic troubles and political unrest in economies with thin middle class. 2011-2012 will be challenging for many policy makers." »Med Jones
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"One quick and effective solution to the global economic crisis is a global economic and political reset. A global economic reset means that world leaders can come together to agree on debt forgiveness to all nations and restructuring of the global economy. Friends and enemies alike, no exceptions. To be fair to nations with lesser debts, they could be compensated on a ratio basis to enjoy treasury surpluses. A new international trade and reserve currency will probably be established to create a fair global economic system and to implement the reset. This could bring a new era of global prosperity and socioeconomic exchange. This is a much better alternative than currency wars, international hostilities and continuous risks of global socioeconomic shocks." »Med Jones
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