In 1828 we raised the duties, on an average, to nearly fifty per cent, when the debt was on the eve of being discharged, and thereby flooded the country with a revenue, when discharged, which could not be absorbed by the most lavish expenditures.
The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.
Perchance you who pronounce my sentence are in greater fear than I who receive it.
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.
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.
For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The shift to a high sovereign-debt-yield equilibrium would make it impossible to achieve fiscal balance.
I became a major league manager in several cities and was discharged. We call it discharged because there was no question I had to leave.
As long as I can remember I feel I have had this great creative and spiritual force within me that is greater than faith, greater than ambition, greater than confidence, greater than determination, greater than vision. It is all these combined. My brain becomes magnetized with this dominating force which I hold in my hand.
Not only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again.
Nature has made us passive, and to suffer is our lot. While we are in the flesh every man has his chain and his clog; only it is looser and lighter to one man than to another, and he is more at ease who takes it up and carries it than he who drags it.
If a man is able to submit himself to nature, then nature will react to his needs. Almighty nature is all powerful and all loving, for the laws of nature are for the creation and evolution of all beings and creatures throughout the cosmos. There is no greater kindness than the kindness of nature.
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
What has made me successful is the ability to surrender my plans, dreams and goals to a power that's greater than other people and greater than myself.
Hamlet at 70: "To sleep, perchance to dream. To awaken, perchance to go to the bathroom."
There is no greater wealth than wisdom, no greater poverty than ignorance; no greater heritage than culture and no greater support than consultation.
The sum which two married people owe to one another defies calculation. It is an infinite debt, which can only be discharged through all eternity.