A Quote by Wendell Phillips
Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
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Optimism is the first symptom that any disease is fatal.
The problem with heart disease is the first symptom is often fatal.
An imbalance between rich and poor is the oldest and most fatal ailment of all republics.
Life - and I don't suppose I'm the first to make this comparison - is a disease: sexually transmitted, and invariably fatal.
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.
Now, a big part of Donald Trump's campaign strategy has been to try and undermine the legitimacy of the election. Then, if he loses, he can just dismiss the whole thing as corrupt and claim victory anyway.
You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government. Then you have others where poor people are working hard and underconsuming and their governments are buying all this debt and propping up the extravagant countries. All of this has to change. There's a tremendous moral hazard involved with this system.
I use a "Debt Dash" approach to paying off debt. I recommend people focus on paying off the debt with the lowest balance first. So if the primary has less debt you would focus on that.
Republics demanded virtue. Monarchies could rely on coercion and "dazzling splendor" to suppress self-interest or factions; republics relied on the goodness of the people to put aside private interest for public good. The imperatives of virtue attached all sorts of desiderata to the republican citizen: simplicity, frugality, sobriety, simple manners, Christian benevolence, duty to the polity. Republics called on other virtues--spiritedness, courage--to protect the polity from external threats. Tyrants kept standing armies; republics relied on free yeomen, defending their own land.
Nothing is more deceptive or more dangerous than the pretence of a desire to simplify government. The simplest governments are despotisms; the next simplest, limited monarchies; but all republics, all governments of law, must impose numerous limitations and qualifications of authority, and give many positive and many qualified rights.
In India, the corrupt accuse the corrupt of being corrupt and the corrupt investigate the corrupt and absolve the corrupt of being corrupt.
We labor under the fatal delusion that no disease can be cured without medicine. This has been responsible for more mischief to mankind than any other evil. ...Disease increases in proportion to the increase to the number of doctors in a place.
People still think of AIDS as a shame-based disease, it's a sexually transmitted disease, and you're either gay or you're a prostitute or an intravenous drug user. And so a lot of people are still very bigoted about this disease. It's such a treatable disease. It's so - the end is in sight for this disease, medically.
The thing I love so much about the UN, is that they're so obviously corrupt. It's not like the Oil-for-Food scandal was even hard to discover, it was almost a parody of corruption. The behavior of the delegates in New York is comically corrupt as well. The amazing thing is that there are still people who want to give the UN MORE power, and to become a real world government... Sigh
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.
Washington's is the mightiest name of earth - long since mightiest in the cause of civil liberty; still mightiest in moral reformation. On that name no eulogy is expected. It cannot be. To add brightness to the sun, or glory to the name of Washington, is alike impossible. Let none attempt it. In solemn awe pronounce the name, and in its naked deathless splendor leave it shining on.
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