Top 1200 Debt Ceiling Quotes & Sayings - Page 2

Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.

It's not about what the speaker wants. It's not about necessarily what I want. There's two other principles involved here. It's what the constituents in my district want, and they didn't want to raise the debt ceiling unless there were significant structural reforms and spending cuts to help us balance our budget.

Let us avoid debt as we would avoid a plague; where we are now in debt, let us get out of debt; if not today...tomorrow.

People get out ahead of themselves in debt with spending on all of their desires. But if you learn to live pretty simply and well, well under your means, you feel incredibly, incredibly rich, and that frees you up and gives you the option to start something new, to leave the job you're not excited about, where there might be a glass ceiling on you.

The debate we won't be having is whether or not the debt ceiling should be raised. We will not have a situation where people will hold the American economy hostage in order to achieve a specific agenda - at least not until 2013. So we think that is incredibly important as a matter of economic good.

Here's the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn't reached.

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.

The call for debt cancellation is welcome, but debt does not just go away.

If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then the change in debt each year should contribute a minor amount to demand. Therefore, if you tried to correlate debt to the level of unemployment you would not find much of a correlation. Unfortunately that is not the economy we live in.

Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety.

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.

The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.

LFC is not servicing debt other than stadium debt.

Solving a problem created by debt... by creating more debt is a fool's errand.

Aim for the sky and you'll reach the ceiling. Aim for the ceiling and you'll stay on the floor.

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.

Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.

Debt, grinding debt, whose iron face the widow, the orphan, and the sons of genius fear and hate; debt, which consumes so much time, which so cripples and disheartens a great spirit with cares that seem so base, is a preceptor whose lessons cannot be foregone, and is needed most by those who suffer from it most.

Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.

Any politician that says no tax revenue or zero spending cuts does not deserve reelection. Our hole is so deep in this country with the debt and the debt service, the interest on that debt, before the big expenses come for Social Security and Medicare - for we baby boomers in a few years - that everything has to be on the table.

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

The glass ceiling will go away when women help other women break through that ceiling.

I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

If we had decided on January 5, in the new House of Representatives, to make no new spending bills, the debt ceiling would've still been hit, because, those are bills that are coming in as a result of purchases and commitments made by the administration and the previous Congress.

There's an argument that private debt, in some way, is creating indentured servants in our country. But public debt does not do that. In fact, public debt does the exact opposite - it relieves private debt.

Immigrants use debt intelligently. They understand the difference between active debt: creating a business, or something to make business better, and dead debt: buying that new sports car or the 60 inch television. Those things don't lead to the good life. They delay getting it.

A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn't do it.

I'm not a fan of debt consolidation. In my experience, many people "clear" credit cards and other debt to get the one payment and never change what they need to change to prevent getting into debt again.

Debt is the secret foe of thrift, as vice and idleness are its open foes. The debt habit is the twin brother of poverty.

Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.

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.

If you have 8-foot ceilings, you'll want a low sofa, which gives the impression that the ceiling is taller than it is. In a room with a high ceiling, you want a high-back sofa to be a weighty presence that can hold up to the room.

The ruling passion of the age is to convert wealth into debt in order to derive a permanent future income from it - to convert wealth that perishes into debt that endures, debt that does not rot, costs nothing to maintain, and brings in perennial interest.

We would be somewhat foolish to work out something on stopping us from going over the cliff and then a month or six weeks later Republicans pull the same game they did before and say, 'We're not going to do anything - unless this happens, we're not going to agree to increasing the debt ceiling.' I agree with the president, it has to be a package deal.

Not only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again.

There is a lot of fiscal conservatives in the United States senate that didn't vote for that because we understand that national security spending is not the reason why we have a debt. Our debt is being driven by the way Social Security, Medicare, and Medicaid and, by the way, the interest on the debt is structured in the years to come.

The biggest debt is always the government debt; it's always debt that government has run up on your behalf.

Let no debt remain outstanding, except the continuing debt to love another.

A window looks outside, but a painting should do the opposite - it should look inside of us. When I put them in the middle of the room, I attach the paintings at the top to the ceiling and on the bottom to the floor. I prefer this to just hanging them from the ceiling because it creates a place in a space, like a wall.

People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can't revive. The reason is that every recovery since 1945 has begun with a higher, and higher level of debt. The debt is so high now, that since 2008 we've been in what I call, debt deflation.

Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt.

It's very painful to be in debt. I'm the kind of person who would rather almost die than go into debt.

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.

Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up; we would have been rated BBB.

The debt-ceiling vote isn't about what will be done in the future; it is about the integrity of America's commitment to support the bonds we issue. Elected officials have an obligation to maintain that integrity, regardless of whether they voted for the programs that required the borrowing in the first place.

What are you grinning at?" Katsa demanded for the third or fourth time. "Is the ceiling about to cave in on my head or something? You look like we're both on the verge of an enormous joke." "Katsa, only you would consider the collapse of the ceiling a good joke.

I never put a ceiling on myself, I never put a ceiling on my teammates or my team.

What God may have enabled me to do is but a repayment of debt, and he who repays a debt deserves no praise.

America pays its bills. It always has. It always will. The fact that Washington is now debating whether to honor its debts and obligations, then, should come as a surprise. But playing political football with a necessary vote to raise the nation's debt ceiling has become as predictable as a Twitter rant from Charlie Sheen.

Hudson Taylor and Charles Spurgeon believed that Romans prohibits debt altogether. However, if going into debt is always sin, it's difficult to understand why Scripture gives guidelines about lending and even encourages lending under certain circumstances. Proverbs says "the borrower is servant to the lender." It doesn't absolutely forbid debt, but it's certainly a strong warning.

First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.

There are one hundred glow-stars on my bedroom ceiling. (...) Glow-stars are strange. They make the ceiling disappear.

The term 'glass ceiling' was coined in 1984. More than 20 years later, the ceiling has barely cracked. There isn't a single country in the world that has as many female as male politicians. In business, the situation is even worse. Its highest echelon - the board - remains a chauvinist's dream.

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.

You also need to understand that when you consolidate credit card debt into mortgage debt - like a home equity loan or a HELOC [ home equity line of credit ] - you're taking an unsecured debt and turning it into a secured debt.

I don't need debt. And if I need debt, if I want debt, I can get it from banks in New York City very easily.

Good debt is a powerful tool, but bad debt can kill you.

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.

If you have debt, you have to worry about it. I would challenge each of you to try to be debt-free.