A Quote by David Graeber
What is debt anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.
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Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise.
Always' was a promise! How can you just break the promise?" "Sometimes people don't always understand the promises they're making when they make them," I said. Isaac shot me a look. "Right, of course. But you keep the promise anyway. That's what love is. Love is keeping the promise anyway. Don't you believe in true love?" I didn't answer. I didn't have an answer. But I thought that if true love did exist, that was a pretty good definition of it.
I have younger friends who are in this pinch where they feel they've been counted out before they've had a chance to prove themselves. They've inherited a lot of debt - not just student debt but environmental debt, political debt. They really feel squeezed.
A promise made is a debt unpaid.
When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.
I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.
An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
Some people don't understand the promises they're making when they make them," I said. "Right, of course. But you keep the promise anyway. That's what love is. Love is keeping the promise anyway.
Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it's time to move from paying debt to building savings.
The Father is truly the only Promise Maker who is in earnest a Promise Keeper. A promise from God is a promise kept.
A married person does not live in isolation. He or she has made a promise, a pledge, a vow, to another person. Until that vow is fulfilled and the promise is kept, the individual is in debt to his marriage partner. That is what he owes. 'You owe it to yourself' is not a valid excuse for breaking a marriage vow but a creed of selfishness.
Breach of promise is no less an act of insolvency than a refusal to pay one's debt.
Now a promise made is a debt unpaid, and the trail has its own stern code.
I promise to question everything my leaders tell me. I promise to use my critical faculties. I promise to develop my independence of thought. I promise to educate myself so I can make my own judgments.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.
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