A Quote by Peter Schiff

In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, 'we must spend now as an investment for the future'....instead of saving for the future, we must spend for the future.
Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
I want Barack Obama for president. I love Obama. I call Palin the helicopter huntress from hell! I want my children to have a wonderful future, and it's disturbing when I look around. Americans aren't very well-liked. A likable president would be a great start.
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.
These debt obligations will simply erode America's standard of living in the future. Money spent to service the debt is money that we don't have to spend on consumption's goods, or on investment in our future.
We spend our whole lives worrying about the future, planning for the future, trying to predict the future, as if figuring it out will cushion the blow. But the future is always changing. The future is the home of our deepest fears and wildest hopes. But one thing is certain when it finally reveals itself. The future is never the way we imagined it.
If President Obama is re-elected, he will continue to spend more money than we take in and to expand a debt that's already on the verge of being unsalvageable. That's a future that should frighten every American, no matter what their generation.
...our societies appear to be intent on immediate consumption rather than on investment for the future. We are piling up enormous debts and exploiting the natural environment in a manner which suggests that we have no real sense of any worthwhile future. Just as a society which believes in the future saves in the present in order to invest in the future, so a society without belief spends everything now and piles up debts for future generations to settle. "Spend now and someone else will pay later."
I am running for president to help create a better future. A future where everyone who wants a job can find one. Where no senior fears for the security of their retirement. An America where every parent knows that their child will get an education that leads them to a good job and a bright horizon.
We're Americans. We shape our own future. Let's start by standing up for President Barack Obama.
If Barack Obama now, or some black person in the future, should become president, neither Jesse Jackson nor Al Sharpton would be out of a job. A black president can't end black misery; a black president can't be a civil rights leader or primarily a crusader for racial justice.
We must not fall into the trap of thinking speech that offends is speech that must be forbidden. A healthy culture demands that much of us, to equip the next generation of Americans with the knowledge and reason they will need to confront an uncertain future.
Better educating our college students on the risks of high student debt and helping them to find alternatives to taking out student loans would help make the difference to their financial future.
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.
It is up to us, to this present generation of Americans, to take a stand for freedom, to send a message to Washington that we're taking our future back from the grips of central planners who would control our healthcare, who would spend our treasure, who downgrade our future and micro-manage our lives.
Medicare has provided healthcare coverage for older Americans and disabled persons for 50 years, and I believe that steps must be taken to ensure that it remains an option for all Americans now and into the future.
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