A Quote by Peter Orszag

Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.

Peter Orszag

Quote Topics

Borrowing Collapsed Department Effect Last Left Private Standing Total Treasury

Quote Author

Peter Orszag
American - Economist
Born: December 16, 1968

When government borrowing and spending go up, private borrowing and spending go down.

Maxime Bernier

Borrowing for expansion is one thing; borrowing to make up for mismanagement and waste is quite another.

Henry Ford

Night was coming on in, borrowing the light. It had started out borrowing just a few cents worth of the light, but now it was borrowing thousands of dollars worth of the light every second. The light would soon be gone, the bank closed, the tellers unemployed, the bank president a suicide.

Richard Brautigan

Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.

William Shakespeare

We do have some assistance from the World Bank but not from the IMF. We are not borrowing yet, but we are considering, in the future, borrowing from the Kuwait Fund to support our infrastructure development.

Jose Ramos-Horta

The U.S. Treasury has got borrowing costs like nobody else has.

Warren Buffett

I, who ne'erWent for myself a begging, go a borrowing,And that for others. Borrowing's much the sameAs begging; just as lending upon usuryIs much the same as thieving.

Gotthold Ephraim Lessing

While conventional wisdom has traditionally sided against borrowing from retirement savings, sentiment has shifted toward borrowing from one's own assets with the realization that other forms of credit come at a much higher cost and often are not even available to borrowers with limited means and urgent needs.

Elaine Chao

The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.

Howard Warren Buffett

We are borrowing money from future generations. We are borrowing the carbon impact, the resource impact from future generations to get stuff cheap now. We have swept the dirt and dust from our society under the carpet - but this carpet is on other side of the planet.

Kevin McCloud

When our markets work, people throughout our economy benefit - Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses financing investments that create new jobs.

Henry Paulson

Big banks are more dangerous than standing armies, and the practice of borrowing and spending money to be paid back by the next generation is stealing from their future.

Thomas Jefferson

Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking a loss - leaving the debtor country with debts that are even harder to annul, because they are to foreign governments and international institutions.

Michael Hudson

Except for the con men borrowing money they shouldn't get and the widows who have to visit with the handsome young men in the trust department, no sane person ever enjoyed visiting a bank.

Martin Mayer

We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.

Warren Buffett

If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock.