A Quote by Jean Chatzky
If you have even a smidgen of doubt that you'll be able to stay away from racking up additional debt, don't do it.
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The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.
The problem with being grounded is it gives you a whole lot of unavoidable time to think. NOt even pulling weeds can take away your ability to plot all the varied and wonderful things you might do to get even, or at least to make up, just get a smidgen for time lost to TV and yard work and house cleaning.
Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.
I try to stay away from the craft services table on set! That's probably why I am able to still get work in this business: I stay away from junk food.
Our experience is that most entrepreneurs are able to attract debt, even for risky and early stage investments. There are investors who provide debt, but very few who fund through equity.
Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.
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.
Based on information from the Pentagon and estimates by analysts such as former Reagan Pentagon official Lawrence Korb, the costs of restoring destroyed and damaged Army and Marine Corps equipment is now estimated to be close to $30 billion, and it will grow by an additional $14 billion for every additional year we stay in Iraq. Even if these funds were available tomorrow, it would take years to restore the forces to the state they were in at the outset of the conflict.
If you are able to settle, you'll be getting off rather easy. Debt settlement companies can sometimes get you off the hook for a large percentage of your debt - in many cases, up to 50% will be written off.
All the central banks are doing is substituting one form of debt with another form of debt. They're issuing short term debt and using it to buy long term debt. In finance, we tend to think that's a neutral activity, even though those stimulus programs are huge.
A bending staff I would not break,
A feeble faith I would not shake,
Nor even rashly pluck away
The error which some truth may stay,
Whose loss might leave the soul without
A shield against the shafts of doubt.
People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road.
We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.
In Yugoslavia, I'd asked for additional forces too. I even went to meet the French prime minister, and I proposed additional forces... Nobody wanted to send troops.
The call for debt cancellation is welcome, but debt does not just go away.
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