A Quote by Mahatma Gandhi

Breach of promise is no less an act of insolvency than a refusal to pay one's debt.

Mahatma Gandhi

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Mahatma Gandhi
Indian - Leader
October 2, 1869 - January 30, 1948

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.

Frank Chodorov

Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.

Jean Chatzky

No one can reasonably deny that Medicare is headed for insolvency, and that Medicare's insolvency, if not rectified, will lead to the federal government's insolvency.

David Limbaugh

REFUSAL, n. Denial of something desired; Refusals are graded in a descending scale of finality thus: the refusal absolute, the refusal condition, the refusal tentative and the refusal feminine. The last is called by some casuists the refusal assentive.

Ambrose Bierce

What is debt anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.

David Graeber

Students from disadvantaged backgrounds will have the most debt, and then, being less likely than their affluent peers to go straight into high paying jobs, they will spend most of their working lives trying but failing to pay off that debt.

Angela Rayner

When I came to the last line of 'Car Crash While Hitchhiking,' I read it as a pitiless statement of indifference: a refusal to warn the family of their impending collision, a refusal to help when miraculously spared, a refusal to act on the empathy hiding behind the story's language.

Anthony Marra

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.

Michael Hudson

The share price must be less than book value. Preferably it will be less than net working capital less long term debt.

Peter Cundill

Pay off your debt first. Freedom from debt is worth more than any amount you can earn.

Mark Cuban

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.

Robert Kiyosaki

Few things tend more to alienate friendship than a want of punctuality in our engagements. I have known the breach of a promise to dine or sup to break up more than one intimacy.

William Hazlitt

More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services.

Michael Hudson

As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt.

Michael Hudson

So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.

Michael Hudson

Some only break their Fast, and so away: Others stay to Dinner, and depart full fed: The deepest Age but Sups, and goes to Bed: He's most in debt that lingers out the Day: Who dies betime, has less, and less to pay.

Francis Quarles

A Quote by Mahatma Gandhi

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