debt quotes

Like almost everyone who uses e-mail, I receive a ton of spam every day. Much of it offers to help me get out of debt or get rich quick. It would be funny if it weren’t so exciting.

A man in debt is so far a slave.

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

The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.

I used to have insecurity about my finances, then I announced that I had debt, and now I don’t have any insecurities.

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.

Some of our earliest writing, in cuneiform, was about who owes what.

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.

Worrying is like paying on a debt that may never come due.

Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound: great debts are like cannon; of loud noise, but little danger.

In Europe first and now in America, elected men have taken it upon themselves to indebt their people to create an atmosphere of dependency. And why? For their own selfish need to increase their own personal power.

It shows nobility to be willing to increase your debt to a man to whom you already owe much.

The debt we owe to the play of imagination is incalculable.

I declared bankruptcy, and that was the worst thing I ever should have done.

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.

The capitalist system is about taking from the Earth and from the other great commodity, labour. What’s happening with this system is that the rich are getting richer and the poor are getting poorer, and the only way out of it is supposed to be growth. But growth is debt. It’s going to make the situation worse.

Debt is a social and ideological construct, not a simple economic fact.

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

A person who can’t pay gets another person who can’t pay to guarantee that he can pay. Like a person with two wooden legs getting another person with two wooden legs to guarantee that he has got two natural legs. It don’t make either of them able to do a walking-match.