Quotes about debt

A collection of quotes on the topic of debt, use, pay, doing.

Quotes about debt

“Forever in debt to your priceless advice.”

Kurt Cobain (1967–1994) American musician and artist

Variant: Hey! Wait! I've got a new complaint! Forever in debt to your priceless advice.

“true Christians consider themselves not as satisfying some rigorous creditor, but as discharging a debt of gratitude”

William Wilberforce (1759–1833) English politician

Source: Real Christianity

Gratitude

“Financially: All attention is engrossed in devising new modes of taxation, without any adequate effort to increase the means of the people to pay; and the consequent vexation and oppressiveness of the taxes imposed, imperial and local. Inequitable financial relations between England and India, i. e., the political debt of,100,000,000 clapped on India's shoulders, and all home charges also…”

Dadabhai Naoroji (1825–1917) Indian politician

Drain Theory

People, Home, Effort

“Thank you, dear God
For putting me on this Earth
I feel very privileged
In debt for my thirst”

Kurt Cobain (1967–1994) American musician and artist

Downer
Song lyrics, Bleach (1989)

God, Feeling

“When I treat other people with kindness and love, it is part of my way of paying my debt to God and the world for the privilege of living on this planet.”

Ben Carson (1951) 17th and current United States Secretary of Housing and Urban Development; American neurosurgeon

Source: Think Big: Unleashing Your Potential for Excellence

Love, God, People, World

“Love is not a habit, a commitment, or a debt. It isn't what romantic songs tell us it is - love simply is.”

Paulo Coelho (1947) Brazilian lyricist and novelist

Love

“Nor did they succeed in hanging me on the gallows, for you rescued me with your blood from the infamous conspiracy case. That day, right here on this racecourse, I had pledged to you that I would pay this debt with my own blood. Do you remember? I am ready today to fulfill that promise!”

Sheikh Mujibur Rahman (1920–1975) Bengali revolutionary, founder ("father") of Bangladesh

Quote, This time the struggle is for our freedom (1971)

“Actual history occurs, so the speak, on credit; only subsequent development will decide retroactively if the current revolutionary violence will be forgiven, legitimated, or if it will continue to exert a pressure on the shoulders of the present generation as its guilt, as its unsettled debt.”

Slavoj Žižek book The Sublime Object of Ideology

159
The Sublime Object of Ideology (1989)

History

“BEFORE YOU GET MARRIED
discuss bills, parenting styles, credit, debt, religion, how to deal with family, what beliefs will be instilled in your children, childhood traumas, sexual expectations, partner expectations, financial expectations, family health history, mental health history, bucket list, dream home, careers and education, political views and whatever else come to mind.
LOVE ALONE IS NOT ENOUGH!”

Unknown author

Love, Children, Health, Education

“Without this playing with fantasy, no creative work has ever yet come to birth. The debt we owe to the play of the imagination is incalculable.”

C.G. Jung book Psychological Types

Source: Psychological Types, or, The Psychology of Individuation (1921), Ch. 1, p. 82
Context: The dynamic principle of fantasy is play, a characteristic also of the child, and as such it appears inconsistent with the principle of serious work. But without this playing with fantasy no creative work has ever yet come to birth. The debt we owe to the play of imagination is incalculable. It is therefore short-sighted to treat fantasy, on account of its risky or unacceptable nature, as a thing of little worth.

Imagination, Birth

“We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

Weekly Compilation of Presidential Documents, 1982
1980s, First term of office (1981–1985)

“Worrying is like paying a debt you don't owe.”

Mark Twain (1835–1910) American author and humorist

Funny

“The universe would have expanded in a smooth way from a single point. As it expanded, it would have borrowed energy from the gravitational field, to create matter. As any economist could have predicted, the result of all that borrowing, was inflation. The universe expanded and borrowed at an ever-increasing rate. Fortunately, the debt of gravitational energy will not have to be repaid until the end of the universe.”

Stephen Hawking (1942–2018) British theoretical physicist, cosmologist, and author

The Beginning of Time (1996)

Way, Universe

“Because what it turns out is, is that if a -- the best way for a country to reduce its debt is to grow really fast, and to generate more income.”

Barack Obama (1961) 44th President of the United States of America

2015, Town Hall meeting with Young Leaders of the Americas (April 2015)

Way, Country

“My debts are large, my failures great, my shame secret and heavy; yet I come to ask for my good, I quake in fear lest my prayer be granted.”

Rabindranath Tagore (1861–1941) Bengali polymath

28 Gitanjali http://www.spiritualbee.com/gitanjali-poems-of-tagore/ (1912)

Secret, Fear, Failure

“I don't have a trace of moral scruple, when it comes to the state I feel completely free. It's committed such terrible crimes against us all, against our generation, that we have a right to anything. I'm not worried about doing it damage, we'll just be recovering some damages for our entire battered generation. Who taught me how to steal, who made me do it, if not the state? Commandeering, that's the word they used during the war, or expropriating — Versailles called it reclamation. Who taught us how to cheat if not the state — how else would we know what money saved up by three generations could become worthless in a mere two weeks, that families could be swindled out of pastures, houses, and fields that had been theirs for a hundred years? Even if I kill someone, who trained me to do it? Six months on the drill field and then years at the front! We have an excellent case against the state, by God, we'll win in every court. It can never pay off its terrible debt, never give back what it took from us. Once there might have been a reason to have some qualms, back when the state was a good custodian, thrifty, decent, proper. Now that it's behaved like a hoodlum, we have the right to be hoodlums too.”

Stefan Zweig book The Post Office Girl

The Post Office Girl (published posthumously in 1982)

Money, God, War, Family

“According to the pronouncements of our state rulers and their intellectual bodyguards (of whom there are more than ever before), we are better protected and more secure than ever. We are supposedly protected from global warming and cooling, from the extinction of animals and plants, from the abuses of husbands and wives, parents and employers, from poverty, disease, disaster, ignorance, prejudice, racism, sexism, homophobia, and countless other public enemies and dangers. In fact, however, matters are strikingly different. In order to provide us with all this protection, the state managers expropriate more than 40 percent of the incomes of private producers year in and year out. Government debt and liabilities have increased without interruption, thus increasing the need for future expropriations. Owing to the substitution of government paper money for gold, financial insecurity has increased sharply, and we are continually robbed through currency depreciation. Every detail of private life, property, trade, and contract is regulated by ever higher mountains of laws legislation), thereby creating permanent legal uncertainty and moral hazard. In particular, we have been gradually stripped of the right to exclusion implied in the very concept of private property. … In short, the more the state has increased its expenditures on social security and public safety, the more our private property rights have been eroded, the more our property has been expropriated, confiscated, destroyed, or depreciated, and the more we have been deprived of the very foundation of all protection: economic independence, financial strength, and personal wealth.”

Hans-Hermann Hoppe (1949) Austrian school economist and libertarian anarcho-capitalist philosopher

"The Private Production of Defense" http://www.mises.org/journals/scholar/Hoppe.pdf (15 June 1999)

Life, Money, Disease, Law

“Why, it was like reading about France and the French, before the ever memorable and blessed Revolution, which swept a thousand years of such villany away in one swift tidal-wave of blood -- one: a settlement of that hoary debt in the proportion of half a drop of blood for each hogshead of it that had been pressed by slow tortures out of that people in the weary stretch of ten centuries of wrong and shame and misery the like of which was not to be mated but in hell. There were two "Reigns of Terror," if we would but remember it and consider it; the one wrought murder in hot passion, the other in heartless cold blood; the one lasted mere months, the other had lasted a thousand years; the one inflicted death upon ten thousand persons, the other upon a hundred millions; but our shudders are all for the "horrors" of the minor Terror, the momentary Terror, so to speak; whereas, what is the horror of swift death by the axe, compared with lifelong death from hunger, cold, insult, cruelty, and heart-break? What is swift death by lightning compared with death by slow fire at the stake? A city cemetery could contain the coffins filled by that brief Terror which we have all been so diligently taught to shiver at and mourn over; but all France could hardly contain the coffins filled by that older and real Terror -- that unspeakably bitter and awful Terror which none of us has been taught to see in its vastness or pity as it deserves.”

Mark Twain book A Connecticut Yankee in King Arthur's Court

Ch. 13 http://www.literature.org/authors/twain-mark/connecticut/chapter-13.html A Connecticut Yankee in King Arthur's Court (1889)

Death, Hunger, People, Hell

“The national debt has given rise to joint stock companies, to dealings in negotiable effects of all kinds, and to agiotage, in a word to stock-exchange gambling and the modern bankocracy.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. I, Ch. 31, pg. 827.
(Buch I) (1867)

“The doctrine of redemption is founded on a mere pecuniary idea corresponding to that of a debt which another person might pay; and as this pecuniary idea corresponds again with the system of second redemption, obtained through the means of money given to the Church for pardons, the probability is that the same persons fabricated both the one and the other of those theories; and that, in truth there is no such thing as redemption — that it is fabulous, and that man stands in the same relative condition with his Maker as he ever did stand since man existed, and that it is his greatest consolation to think so.”

Thomas Paine book The Age of Reason

1790s, The Age of Reason, Part I (1794)

Money, Truth, Idea, Thinking

“He who is himself crossed in love is able from time to time to master his passion, for he is not the creature but the creator of his own misery; and if a lover is unable to control his passion, he at least knows that he is himself to blame for his sufferings. But he who is loved without reciprocating that love is lost beyond redemption, for it is not in his power to set a limit to that other's passion, to keep it within bounds, and the strongest will is reduced to impotence in the face of another's desire. Perhaps only a man can realize to the full the tragedy of such an undesired relationships; for him alone the necessity to resist t is at once martyrdom and guilt. For when a woman resists an unwelcome passion, she is obeying to the full the law of her sex; the initial gesture of refusal is, so to speak, a primordial instinct in every female, and even if she rejects the most ardent passion she cannot be called inhuman. But how disastrous it is when fate upsets the balance, when a woman so far overcomes her natural modesty as to disclose her passion to a man, when, without the certainty of its being reciprocated, she offers her love, and he, the wooed, remains cold and on the defensive! An insoluble tangle this, always; for not to return a woman's love is to shatter her pride, to violate her modesty. The man who rejects a woman's advances is bound to wound her in her noblest feelings. In vain, then, all the tenderness with which he extricates himself, useless all his polite, evasive phrases, insulting all his offers of mere friendship, once she has revealed her weakness! His resistance inevitably becomes cruelty, and in rejecting a woman's love he takes a load of guild upon his conscience, guiltless though he may be. Abominable fetters that can never be cast off! Only a moment ago you felt free, you belonged to yourself and were in debt to no one, and now suddenly you find yourself pursued, hemmed in, prey and object of the unwelcome desires of another. Shaken to the depths of your soul, you know that day and night someone is waiting for you, thinking of you, longing and sighing for you - a woman, a stranger. She wants, she demands, she desires you with every fibre of her being, with her body, with her blood. She wants your hands, your hair, your lips, your manhood, your night and your day, your emotions, your senses, and all your thought and dreams. She wants to share everything with you, to take everything from you, and to draw it in with her breath. Henceforth, day and night, whether you are awake or asleep, there is somewhere in the world a being who is feverish and wakeful and who waits for you, and you are the centre of her waking and her dreaming. It is in vain that you try not to think of her, of her who thinks always of you, in vain that you seek to escape, for you no longer dwell in yourself, but in her. Of a sudden a stranger bears your image within her as though she were a moving mirror - no, not a mirror, for that merely drinks in your image when you offer yourself willingly to it, whereas she, the woman, this stranger who loves you, she has absorbed you into her very blood. She carries you always within her, carries you about with her, no mater whither you may flee. Always you are imprisoned, held prisoner, somewhere else, in some other person, no longer yourself, no longer free and lighthearted and guiltless, but always hunted, always under an obligation, always conscious of this "thinking-of-you" as if it were a steady devouring flame. Full of hate, full of fear, you have to endure this yearning on the part of another, who suffers on your account; and I now know that it is the most senseless, the most inescapable, affliction that can befall a man to be loved against his will - torment of torments, and a burden of guilt where there is no guilt.”

Stefan Zweig book Beware of Pity

Beware of Pity (1939)

Love, Hate, Friendship, Fate

“Debt is the prolific mother of folly and of crime.”

Benjamin Disraeli (1804–1881) British Conservative politician, writer, aristocrat and Prime Minister

Book 2, chapter 1.
Books, Coningsby (1844), Henrietta Temple (1837)

“At some time, here or hereafter, every account must be settled, and every debt paid in full.”

John Heyl Vincent (1832–1920) American theologian

Source: Dictionary of Burning Words of Brilliant Writers (1895), p. 361.

Time

“I realize we are not going to resolve all of our political debates over the best ways to reduce inequality and increase upward mobility this year, or next year, or in the next five years. But it is important that we have a serious debate about these issues. For the longer that current trends are allowed to continue, the more it will feed the cynicism and fear that many Americans are feeling right now -- that they’ll never be able to repay the debt they took on to go to college, they’ll never be able to save enough to retire, they’ll never see their own children land a good job that supports a family.”

Barack Obama (1961) 44th President of the United States of America

2013, Remarks on Economic Mobility (December 2013)

Children, Fear, Family, Way

“Antonius [i. e., C. Antonius Hybrida] heartily agreed with him [i. e., M. Tullius Cicero] that the budget should be balanced, that the Treasury should be refilled, that public debt should be reduced, that the arrogance of the generals should be tempered and controlled, that assistance to foreign lands should be curtailed lest Rome become bankrupt, that the mobs should be forced to work and not depend on government for subsistence, and that prudence and frugality should be put into practice as soon as possible.”

Taylor Caldwell book A Pillar of Iron

A Pillar of Iron (1965), p. 483 of the 1965 edition published by Doubleday (Garden City, NY), and p. 371 (in chapter 51) of the 1966 British edition from Collins (London). The passage, as written or in shortened or modified form, has sometimes been misattributed to M. Tullius Cicero himself. Its origin and history of misquotation have been discussed at Quote Investigator http://quoteinvestigator.com/2013/05/15/cicero-budget/ and Snopes http://www.snopes.com/quotes/cicero.asp. 1960s

Dependency

“As a student of history, I also know civilization's debt to Islam.”

Barack Obama (1961) 44th President of the United States of America

2009, A New Beginning (June 2009)

History

“Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Said to be a quote from Das Kapital in an anonymous email, this attribution has been debunked at Snopes.com http://www.snopes.com/politics/quotes/consumerdebt.asp with the earliest occurrence found being a post by Gpkkid on 23 December 2008 http://economix.blogs.nytimes.com/2008/12/18/do-bailouts-encourage-ponzi-schemes/#comment-24005; it was used as a basis of a satirical article "Americans to Undergo Preschool Reeducation in Advance of Country’s Conversion to Communism" at NewsMutiny http://www.newsmutiny.com/pages/Communist_Reeducation.html, but the author of article on the satiric website says that he is not author of the quote http://www.clockbackward.com/2009/02/04/did-karl-marx-predict-financial-collapse/ Misattributed

Communication, Housing

“For several years past the revenues of the government have been unequal to its expenditures, and consequently loan after loan, sometimes direct and sometimes indirect in form, has been resorted to. By this means a new national debt has been created, and is still growing on us with a rapidity fearful to contemplate — a rapidity only reasonably to be expected in a time of war. This state of things has been produced by a prevailing unwillingness either to increase the tariff or resort to direct taxation. But the one or the other must come. Coming expenditures must be met, and the present debt must be paid; and money cannot always be borrowed for these objects. The system of loans is but temporary in its nature, and must soon explode. It is a system not only ruinous while it lasts, but one that must soon fail and leave us destitute. As an individual who undertakes to live by borrowing soon finds his original means devoured by interest, and, next, no one left to borrow from, so must it be with a government. We repeat, then, that a tariff sufficient for revenue, or a direct tax, must soon be resorted to; and, indeed, we believe this alternative is now denied by no one.”

Abraham Lincoln (1809–1865) 16th President of the United States

Whig Circular (1843), reported in Richard Watson Gilder and Daniel Fish Complete Works of Abraham Lincoln, Volume 1 (1905)
1840s

Money, War, Fear, Nature

“[T]o all who serve or have served, it has been the honor of my lifetime to be your Commander-in-Chief. And we all owe you a deep debt of gratitude. But protecting our way of life, that's not just the job of our military.... So, just as we, as citizens, must remain vigilant against external aggression, we must guard against a weakening of the values that make us who we are.”

Barack Obama (1961) 44th President of the United States of America

2017, Farewell Address (January 2017)

Life, Way, Gratitude

“What is now combated is the position that secession is consistent with the Constitution — is lawful and peaceful. It is not contended that there is any express law for it, and nothing should ever be implied as law which leads to unjust or absurd consequences. The nation purchased with money the countries out of which several of these States were formed. Is it just that they shall go off without leave and without refunding? The nation paid very large sums (in the aggregate, I believe, nearly a hundred millions) to relieve Florida of the aboriginal tribes. Is it just that she shall now be off without consent or without making any return? The nation is now in debt for money applied to the benefit of these so-called seceding States in common with the rest. Is it just either that creditors shall go unpaid or the remaining States pay the whole? A part of the present national debt was contracted to pay the old debts of Texas. Is it just that she shall leave and pay no part of this herself?”

Abraham Lincoln (1809–1865) 16th President of the United States

1860s, Fourth of July Address to Congress (1861)

Money, Peace, Law, Parting

“Now, justification in this life is given to us according to these three things: first by the laver of regeneration by which all sins are forgiven; then, by a struggle with the faults from whose guilt we have been absolved; the third, when our prayer is heard, in which we say: ‘Forgive us our debts,’ because however bravely we fight against our faults, we are men; but the grace of God so aids as we fight in this corruptible body that there is reason for His hearing us as we ask forgiveness.”

Aurelius Augustinus (354–430) early Christian theologian and philosopher

Against Julian, Book II, ch. 8, 22. In The Fathers of the Church, Matthew A. Schumacher, tr., 1957, ISBN 0813214009 ISBN 9780813214009pp. 83-84. http://books.google.com/books?id=lxED1d6DAXoC&pg=PA83&lpg=PA83&dq=%22justification+in+this+life+is+given+to+us+according+to+these+three+things%22&source=bl&ots=K9fP-vBQqj&sig=2yV56Mq2aukLy8iM1FvpSfmULqA&hl=en&ei=8ZuCTdXGC4WO0QGCl-HGCA&sa=X&oi=book_result&ct=result&resnum=1&ved=0CBUQ6AEwAA#v=onepage&q=%22justification%20in%20this%20life%20is%20given%20to%20us%20according%20to%20these%20three%20things%22&f=false Contra Julianum

Life, Men, God, Forgiveness

“In vain do they think themselves innocent who appropriate to their own use alone those goods which God gave in common; by not giving to others that which they themselves receive, they become homicides and murderers, inasmuch as in keeping for themselves those things which would alleviate the sufferings of the poor, we may say that every day they cause the death of as many persons as they might have fed and did not. When, therefore, we offer the means of living to the indigent, we do not give them anything of ours, but that which of right belongs to them. It is less a work of mercy which we perform than the payment of a debt.”

Pope Gregory I (540–604) Pope from 590 to 604

quoted in George D. Herron, Between Caesar and Jesus (1899), pp. 111-112.

Death, God, Thinking, Suffering

“You can take your diploma, walk off this stage, and chase only after the big house and the nice suits, but I hope you don't. Not because you have an obligation to those who are less fortunate, although I believe you do have that obligation. Not because you have a debt to all those who helped you get here, although I do believe you have that debt. It's because you have an obligation to yourself. Because our individual salvation depends on collective salvation. Because thinking only about yourself, fulfilling your immediate wants and needs, betrays a poverty of ambition.”

Barack Obama (1961) 44th President of the United States of America

Wesleyan Graduation Ceremony, Middletown, Connecticut (25 May 2008) http://www.politico.com/pdf/PPM42_remarks_of_obama.pdf 2008

Hope, Thinking, Help, Housing

“It's expensive to keep Communism alive today. I've already got a huge foreign debt staring me in the face, and I can't reduce it by exporting tomatoes or toilet paper. We should be making dollars any way we can. And we should be exporting arms any way and every way, openly and secretly, legally or by smuggling-I don't care how.”

Nicolae Ceaușescu (1918–1989) General Secretary of the Romanian Communist Party

Source: Red Horizons: Chronicles of a Communist Spy Chief, p. 119

Way, Communication

“While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation. Consequently, they reject the right of states, charged with vigilance for the common good, to exercise any form of control. A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules. Debt and the accumulation of interest also make it difficult for countries to realize the potential of their own economies and keep citizens from enjoying their real purchasing power. To all this we can add widespread corruption and self-serving tax evasion, which have taken on worldwide dimensions. The thirst for power and possessions knows no limits. In this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which become the only rule.”

Pope Francis (1936) 266th Pope of the Catholic Church

Section 56
2010s, 2013, Evangelii Gaudium · The Joy of the Gospel

Happiness, Law, Way, Exercises

“Again: If one State may secede, so may another; and when all shall have seceded none is left to pay the debts. Is this quite just to creditors? Did we notify them of this sage view of ours when we borrowed their money? If we now recognize this doctrine by allowing the seceders to go in peace, it is difficult to see what we can do if others choose to go or to extort terms upon which they will promise to remain.”

Abraham Lincoln (1809–1865) 16th President of the United States

1860s, Fourth of July Address to Congress (1861)

Money, Peace

“Wilt thou seal up the avenues of ill?
Pay every debt, as if God wrote the bill!”

Ralph Waldo Emerson (1803–1882) American philosopher, essayist, and poet

Suum Cuique
Bartlett's Familiar Quotations, 10th ed. (1919)
Variant: Wilt thou seal up the avenues of ill?
Pay every debt, as if God wrote the bill!

God

“Those are the victories they won, with iron wills and hope in their hearts. That is the transformation that they wrought, with each step of their well-worn shoes. That’s the debt that I and millions of Americans owe those maids, those laborers, those porters, those secretaries; folks who could have run a company maybe if they had ever had a chance; those white students who put themselves in harm’s way, even though they didn't have; those Japanese Americans who recalled their own internment; those Jewish Americans who had survived the Holocaust; people who could have given up and given in, but kept on keeping on, knowing that “weeping may endure for a night, but joy cometh in the morning.””

Barack Obama (1961) 44th President of the United States of America

2013, "Let Freedom Ring" Ceremony (August 2013)

People, Hope, Shoe, Way

“It's hard for writers to get on with their work if they are convinced that they owe a concrete debt to experience and cannot allow themselves the privilege of ranging freely through social classes and professional specialties. A certain pride in their own experience, perhaps a sense of the property rights of others in their experience, holds them back.”

Saul Bellow (1915–2005) Canadian-born American writer

"Facts That Put Fancy to Flight" (1962), p. 68
It All Adds Up (1994)

Sense

“As a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.”

George Washington (1732–1799) first President of the United States

1790s, Farewell Address (1796)

War, Peace, Time

“Dread of disaster makes everybody act in the very way that increases the disaster. Psychologically the situation is analogous to that of people trampled to death when there is a panic in a theatre caused by a cry of 'Fire!' In the situation that existed in the great depression, things could only be set right by causing the idle plant to work again. But everybody felt that to do so was to risk almost certain loss. Within the framework of classical economics there was no solution. Roosevelt saved the situation by bold and heretical action. He spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.”

Bertrand Russell (1872–1970) logician, one of the first analytic philosophers and political activist

Except for Fabre's investigation of the behavior of insects, I do not know any equally striking example of inability to learn from experience.
Part II: Man and Man, Ch. 14: Economic Co-operation and Competition, pp. 132–3
1950s, New Hopes for a Changing World (1951)

Death, Money, People, Way

“We, the men of to-day and of the future, need many qualities if we are to do our work well. We need, first of all and most important of all, the qualities which stand at the base of individual, of family life, the fundamental and essential qualities—the homely, every-day, all-important virtues. If the average man will not work, if he has not in him the will and the power to be a good husband and father; if the average woman is not a good housewife, a good mother of many healthy children, then the state will topple, will go down, no matter what may be its brilliance of artistic development or material achievement. But these homely qualities are not enough. There must, in addition, be that power of organization, that power of working in common for a common end […]. Moreover, the things of the spirit are even more important than the things of the body. We can well do without the hard intolerance and arid intellectual barrenness of what was worst in the theological systems of the past, but there has never been greater need of a high and fine religious spirit than at the present time. So, while we can laugh good-humoredly at some of the pretensions of modern philosophy in its various branches, it would be worse than folly on our part to ignore our need of intellectual leadership. […] our debt to scientific men is incalculable, and our civilization of to-day would have reft from it all that which most highly distinguishes it if the work of the great masters of science during the past four centuries were now undone or forgotten. Never has philanthropy, humanitarianism, seen such development as now; and though we must all beware of the folly, and the viciousness no worse than folly, which marks the believer in the perfectibility of man when his heart runs away with his head, or when vanity usurps the place of conscience, yet we must remember also that it is only by working along the lines laid down by the philanthropists, by the lovers of mankind, that we can be sure of lifting our civilization to a higher and more permanent plane of well-being than was ever attained by any preceding civilization.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1910s, The World Movement (1910)

Life, Men, Children, Family

“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

Barack Obama (1961) 44th President of the United States of America

Speech on the floor of the US Senate in which he opposed raising the US debt limit. (16 March 2006)
2006

Children, Failure, Problem

“They opened as merchants; and he says that was the store. Of course they did nothing but get deeper and deeper in debt.”

Abraham Lincoln (1809–1865) 16th President of the United States

1860s, A Short Autobiography (1860) Context: A man offered to sell, and did sell, to Abraham and another as poor as himself, an old stock of goods, upon credit. They opened as merchants; and he says that was the store. Of course they did nothing but get deeper and deeper in debt. He was appointed postmaster at New Salem — the office being too insignificant to make his politics an objection. The store winked out. The surveyor of Sangamon offered to depute to Abraham that portion of his work which was within his part of the County. He accepted, procured a compass and chain, studied Flint https://books.google.com/books?id=iakIAAAAIAAJ and Gibson https://books.google.com/books?id=SIERLtc5aAYC a little, and went at it. This procured bread, and kept soul and body together. The election of 1834 came, and he was then elected to the legislature by the highest vote cast for any candidate. Major, then in full practice of the law, was also elected. During the canvass, in a private conversation, he encouraged Abraham to study law.<!--pp.18-19

“We have before us the ignoble spectacle of men who are sunken in debts and crimes being hailed as innocent, whereas the honor of a man whose life is spotless is being vilely attacked: A society that sinks to that level has fallen into decay.”

Emile Zola J’accuse…!

J'accuse! (1898)
Context: It came down, once again, to the General Staff protecting itself, not wanting to admit its crime, an abomination that has been growing by the minute.
In disbelief, people wondered who Commander Esterhazy's protectors were. First of all, behind the scenes, Lt. Colonel du Paty de Clam was the one who had concocted the whole story, who kept it going, tipping his hand with his outrageous methods. Next General de Boisdeffre, then General Gonse, and finally, General Billot himself were all pulled into the effort to get the Major acquitted, for acknowledging Dreyfus's innocence would make the War Office collapse under the weight of public contempt. And the astounding outcome of this appalling situation was that the one decent man involved, Lt. Colonel Picquart who, alone, had done his duty, was to become the victim, the one who got ridiculed and punished. O justice, what horrible despair grips our hearts? It was even claimed that he himself was the forger, that he had fabricated the letter-telegram in order to destroy Esterhazy. But, good God, why? To what end? Find me a motive. Was he, too, being paid off by the Jews? The best part of it is that Picquart was himself an anti-Semite. Yes! We have before us the ignoble spectacle of men who are sunken in debts and crimes being hailed as innocent, whereas the honor of a man whose life is spotless is being vilely attacked: A society that sinks to that level has fallen into decay.

Life, Men

“If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not grow for lack of water; in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year.”

Hammurabi (-1810–-1750 BC) sixth king of Babylon

Section 48 of the Code of Hammurabi (translated by Leonard William King, 1910).
Alternately translated as: If a man owe a debt and Adad inundate his field and carry away the produce, or, though lack of water, grain have not grown in the field, in that year he shall not make any return of grain to the creditor, he shall alter his contract-tablet and he shall not pay the interest for that year.

Water

“William inherited very large possessions, part of which consisted of crown debts, due to the vice-admiral for sums he had advanced for the sea-service.”

Voltaire (1694–1778) French writer, historian, and philosopher

Variants:
No oaths, no seals, no official mummeries were used; the treaty was ratified on both sides with a yea, yea — the only one, says Voltaire, that the world has known, never sworn to and never broken.
As quoted in William Penn : An Historical Biography (1851) by William Hepworth Dixon
William Penn began by making a league with the Americans, his neighbors. It is the only one between those natives and the Christians which was never sworn to, and the only one that was never broken.
As quoted in American Pioneers (1905), by William Augustus Mowry and Blanche Swett Mowry, p. 80
It was the only treaty made by the settlers with the Indians that was never sworn to, and the only one that was never broken.
As quoted in A History of the American Peace Movement (2008) by Charles F. Howlett, and ‎Robbie Lieberman, p. 33
The History of the Quakers (1762)
Context: William inherited very large possessions, part of which consisted of crown debts, due to the vice-admiral for sums he had advanced for the sea-service. No moneys were at that time less secure than those owing from the king. Penn was obliged to go, more than once, and "thee" and "thou" Charles and his ministers, to recover the debt; and at last, instead of specie, the government invested him with the right and sovereignty of a province of America, to the south of Maryland. Thus was a Quaker raised to sovereign power.
He set sail for his new dominions with two ships filled with Quakers, who followed his fortune. The country was then named by them Pennsylvania, from William Penn; and he founded Philadelphia, which is now a very flourishing city. His first care was to make an alliance with his American neighbors; and this is the only treaty between those people and the Christians that was not ratified by an oath, and that was never infringed. The new sovereign also enacted several wise and wholesome laws for his colony, which have remained invariably the same to this day. The chief is, to ill-treat no person on account of religion, and to consider as brethren all those who believe in one God. He had no sooner settled his government than several American merchants came and peopled this colony. The natives of the country, instead of flying into the woods, cultivated by degrees a friendship with the peaceable Quakers. They loved these new strangers as much as they disliked the other Christians, who had conquered and ravaged America. In a little time these savages, as they are called, delighted with their new neighbors, flocked in crowds to Penn, to offer themselves as his vassals. It was an uncommon thing to behold a sovereign "thee'd" and "thou'd" by his subjects, and addressed by them with their hats on; and no less singular for a government to be without one priest in it; a people without arms, either for offence or preservation; a body of citizens without any distinctions but those of public employments; and for neighbors to live together free from envy or jealousy. In a word, William Penn might, with reason, boast of having brought down upon earth the Golden Age, which in all probability, never had any real existence but in his dominions.

Parting, Sea

“When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.”

Barack Obama (1961) 44th President of the United States of America

2013, Remarks on Economic Mobility (December 2013)
Context: So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.

Family, Business, Wealth

“Japan had come to terms with Russia because of her difficulties, but this did not mean approval of communism. Communism meant the end of emperor-worship, and feudalism and the exploitation of the masses by the ruling class, and indeed almost everything that the existing order stood for… But communism is the outcome of widespread misery due to social conditions, and unless these conditions are improved, mere repression can be no remedy. There is a terrible misery in Japan at present. The peasantry, as in China and India, are crushed under a tremendous burden of debt. Taxation, especially because of heavy military expenditure and war needs, is very heavy. Reports come of starving peasants trying to live on grass and roots, and of selling even their children. The middle classes are also in a bad way owing to unemployment and suicides have increased.”

Jawaharlal Nehru book Glimpses of World History

Glimpses of World History (1949)

War, Bad luck, Children, Way

“The dynamic principle of fantasy is play, a characteristic also of the child, and as such it appears inconsistent with the principle of serious work. But without this playing with fantasy no creative work has ever yet come to birth. The debt we owe to the play of imagination is incalculable. It is therefore short-sighted to treat fantasy, on account of its risky or unacceptable nature, as a thing of little worth.”

C.G. Jung book Psychological Types

Source: Psychological Types, or, The Psychology of Individuation (1921), Ch. 1, p. 82

Imagination, Birth, Nature, Appearance

“Human beings free of debt, insecurity, and fear become much more amiable. With no one out to sell anyone anything or to deprive another of possessions or money, the basis for unhealthy human aggression is outgrown. People no longer are burdened by the nagging concerns that consume so much attention such as mortgages, health care costs, education fees, fire insurance, economic recession or depression, the loss of jobs, and taxes. With the elimination of these burdens and the removal of the conditions that create feelings of envy, greed, and competition, people’s lives would be far more meaningful.”

Jacque Fresco (1916–2017) American futurist and self-described social engineer

Source: The Best That Money Can't Buy: Beyond Politics, Poverty, & War (2002), p. 76

Money, People, Health, Education

“William inherited very large possessions, part of which consisted of crown debts, due to the vice-admiral for sums he had advanced for the sea-service. No moneys were at that time less secure than those owing from the king. Penn was obliged to go, more than once, and "thee" and "thou" Charles and his ministers, to recover the debt; and at last, instead of specie, the government invested him with the right and sovereignty of a province of America, to the south of Maryland. Thus was a Quaker raised to sovereign power.
He set sail for his new dominions with two ships filled with Quakers, who followed his fortune. The country was then named by them Pennsylvania, from William Penn; and he founded Philadelphia, which is now a very flourishing city. His first care was to make an alliance with his American neighbors; and this is the only treaty between those people and the Christians that was not ratified by an oath, and that was never infringed. The new sovereign also enacted several wise and wholesome laws for his colony, which have remained invariably the same to this day. The chief is, to ill-treat no person on account of religion, and to consider as brethren all those who believe in one God. He had no sooner settled his government than several American merchants came and peopled this colony. The natives of the country, instead of flying into the woods, cultivated by degrees a friendship with the peaceable Quakers. They loved these new strangers as much as they disliked the other Christians, who had conquered and ravaged America. In a little time these savages, as they are called, delighted with their new neighbors, flocked in crowds to Penn, to offer themselves as his vassals. It was an uncommon thing to behold a sovereign "thee'd" and "thou'd" by his subjects, and addressed by them with their hats on; and no less singular for a government to be without one priest in it; a people without arms, either for offence or preservation; a body of citizens without any distinctions but those of public employments; and for neighbors to live together free from envy or jealousy. In a word, William Penn might, with reason, boast of having brought down upon earth the Golden Age, which in all probability, never had any real existence but in his dominions.”

Voltaire (1694–1778) French writer, historian, and philosopher

Love, Money, God, Friendship

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”

Norm Franz

Money

“If Koboi defeats and presumably murders us both then you can consider the debt null and void.”

Eoin Colfer Artemis Fowl

Source: Artemis Fowl

“Our debts (sins) are cancelled.”

Peter Scazzero (1956) American psychotherapist, author and theologian

Emotionally Healthy Spirituality: It's Impossible to Be Spiritually Mature, While Remaining Emotionally Immature

“A tinker’s debt is always paid:
Once for any simple trade.
Twice for freely given aid.
Thrice for any insult made.”

Patrick Rothfuss book The Name of the Wind

Source: The Name of the Wind (2007), Chapter 1, “A Place for Demons” (p. 5)

“Which reminded me… I still owed the gods a debt.
"You're a genius," I (Percy) told Annabeth.”

Rick Riordan book The Sea of Monsters

Source: The Sea of Monsters

God

“You're my friend, Danny. You understand? There's no debt between friends."
Maybe it's just that the debt gets so high you stop counting it.”

Lilith Saintcrow (1976) American writer

Understanding

“Now was not a good time, but we didn't often get to chose the time to repay our debts.”

Ilona Andrews American husband-and-wife novelist duo

Source: Magic Burns

Time

“The gift was not large as money goes, and my need was not great, but the spirit of the gift is beyond price and leaves me blessed and in debt.”

Robert Fulghum book All I Really Need to Know I Learned in Kindergarten

Source: All I Really Need to Know I Learned in Kindergarten

Money

“Love is a debt, she thought. When the bill comes, you pay in grief.”

Mary Doria Russell Children of God

Source: Children of God

Love

“Men seem to be born with a debt they can never pay no matter how hard they try.”

John Steinbeck book Sweet Thursday

Source: Sweet Thursday

Men

“A man in debt is so far a slave.”

Ralph Waldo Emerson (1803–1882) American philosopher, essayist, and poet

“An entrepreneur in debt is an entrepreneur in business.”

Duncan Bannatyne (1949) Scottish entrepreneur, philanthropist and author

Anyone Can Do It

Business

“Love is for children. I owe him a debt.”

Joss Whedon (1964) American director, writer, and producer for television and film

Love, Children

“Love's an illusion. It's a dream you wake up from with an enormous hangover and net credit debt. I'd rather have cash.”

Janet Fitch book White Oleander

Source: White Oleander

Love, Dreams

“That is not love. That is debt.”

Cassandra Clare book Lady Midnight

Source: Lady Midnight

Love

“I am your brother. I was supposed to be your brother before either of us was born. Karmic debt. It appears I was Vlad the Impaler or Genghis Khan in a past life.”

Rob Thurman (1950) American writer

Source: Blackout

Life, Appearance, Past

“.. we wear the mask that grins and lies,
it hides our cheeks and shades our eyes-
this debt we pay to human guile;
with torn and bleeding hearts we smile.”

Paul Laurence Dunbar book The Complete Poems of Paul Laurence Dunbar

We Wear The Mask, in the 1913 collection of his work, The Complete Poems of Paul Laurence Dunbar.
Context: We wear the mask that grins and lies,
It hides our cheeks and shades our eyes,—
This debt we pay to human guile;
With torn and bleeding hearts we smile,
And mouth with myriad subtleties.

Why should the world be over-wise,
In counting all our tears and sighs?
Nay, let them only see us, while
We wear the mask.

We smile, but, O great Christ, our cries
To thee from tortured souls arise.
We sing, but oh the clay is vile
Beneath our feet, and long the mile;
But let the world dream otherwise,
We wear the mask!

Smile, Heart

“When money's tight and is hard to get
And your horse has also ran,
When all you have is a heap of debt
A PINT OF PLAIN IS YOUR ONLY MAN.”

Flann O'Brien (1911–1966) Irish writer

Money, Horse

“Science does not know its debt to imagination.”

Ralph Waldo Emerson (1803–1882) American philosopher, essayist, and poet

Poetry and Imagination 1870s, Society and Solitude (1870), Books, Letters and Social Aims http://www.rwe.org/comm/index.php?option=com_content&task=category&sectionid=5&id=74&Itemid=149 (1876)

Imagination, Science

“Is it fitting that our intelligence exert itself and labor in speculations which are not binding upon us, in fruitless argumentation, in laws which have no application to us, while we leave to habit and abandon to mechanical observance our great debt to our Creator?”

Moshe Chaim Luzzatto book Mesillat Yesharim

Mesillat Yesharim (1738), Introduction

Law, Intelligence

“Words that warmed women, wooed and won them, snipped the final thread of inhibition and gratified the male egos of ungrateful lovers; […] for which they were eternally in his debt, for which they may eternally hate him.”

Gay Talese Frank Sinatra Has a Cold

Frank Sinatra Has a Cold (Esquire, April 1966)

Women, Hate, Lovers

“you've been so kind and generous
I don't know how you keep on giving
for your kindness I'm in debt to you
for your selflessness, my admiration
and for everything you've done
you know I'm bound…
I'm bound to thank you for it”

Natalie Merchant (1963) American singer-songwriter

Song lyrics, Ophelia (1998), Kind & Generous

“Here you may suppose the Father to say when driving His bargain with Christ for you. The Father speaks. "My Son, here is a company of poor, miserable souls that have utterly undone themselves and now lay open to my justice. Justice demands satisfaction for them, or will satisfy itself in the eternal ruin of them." The Son responds. "Oh my Father. Such is my love to and pity for them, that rather than they shall perish eternally I will be responsible for them as their guarantee. Bring in all thy bills, that I may see what they owe thee. Bring them all in, that there be no after-reckonings with them. At my hands shall thou require it. I would rather choose to suffer the wrath that is theirs then they should suffer it. Upon me, my Father, upon me be all their debt." The Father responds. "But my Son, if thou undertake for them, thou must reckon to pay the last mite. Expect no abatement. Son, if I spare them… I will not spare you." The Son responds. "Content Father. Let it be so. Charge it all upon me. I am able to discharge it. And though it prove a kind of undoing to me, though it impoverish all my riches, empty all my treasures… I am content to take it."”

John Flavel (1627–1691) English Presbyterian clergyman

The Works of John Flavel, Vol.1, "A Display of Christ in His Essential and Mediatorial Glory", 42 Sermons, Sermon Number 3, "The Covenant of Redemption between the Father and the Redeemer", Use 6.

Love, Justice, Soul, Suffering

“My budget blueprint will restrain spending, yet meet growing needs with a reasonable 4 percent growth rate, which is a little more than inflation. After paying the bills, my plan reduces the national debt, and fast. So fast, in fact, that economists worry that we're going to run out of debt to retire. That would be a good worry to have. Finally, along with funding our priorities and paying down debt, my plan returns about one out of every four dollars of the surplus to the American taxpayers, who created the surplus in the first place. A surplus in tax revenue, after all, means that taxpayers have been overcharged. And usually when you've been overcharged, you expect to get something back. Tax relief means real help for both American families and the American economy. Everybody who pays income taxes will receive a tax cut. Nobody will be targeted in, and nobody will be targeted out. The typical family will get about $1,600 in tax relief, and that's real money. And that's money that will help American families manage their own accounts, manage your own balance sheets.”

George W. Bush (1946) 43rd President of the United States

2000s, 2001, Radio Address to the Nation (February 2001)

Money, Family, Help

“Consumer debt is the lifeblood of our economy. All modern nation states are built on deficit spending. Debt has come to be the central issue of international politics. But nobody seems to know exactly what it is, or how to think about it.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter One, "On The Experience of Moral Confusion", p. 4

Thinking

“A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.”

G. Gordon Liddy (1930) American lawyer in Watergate scandal

As quoted in "The Best Of The Rest: 20 More Quotes About Liberals" at Right Wing News (24 November 2010) http://rightwingnews.com/quotes/the-best-of-the-rest-20-more-quotes-about-liberals/

Money, Feeling

“The art and mystery of banks… is established on the principle that 'private debts are a public blessing.' That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

ME 13:420
1810s, Letters to John Wayles Eppes (1813)

People, Law, Art

“But inasmuch as that light is loaned,
insofar as we’ve borrowed bones,
must every debt now be repaid
in star-spotted, sickle-winged night raids”

Joanna Newsom (1982) American musician

Divers https://en.wikipedia.org/wiki/Divers_(Joanna_Newsom_album) (2015)

Star, Light, Night

“Now a promise made is a debt unpaid, and the trail has its own stern code.”

Robert W. Service (1874–1958) Canadian poet

The Shooting of Dan McGrew http://freemasonry.bcy.ca/biography/service_r_w/dan_mcgrew.html (1907), The Cremation of Sam McGee http://www.wordinfo.info/words/index/info/view_unit/2640/?letter=C&spage=26

“It was once said by Abraham Lincoln that this Republic could not long endure half slave and half free; and the same may be said with even more truth of the black citizens of this country. They cannot remain half slave and half free. They must be one thing or the other. And this brings me to consider the alternative now presented between slavery and freedom in this country. From my outlook, I am free to affirm that I see nothing for the negro of the South but a condition of absolute freedom, or of absolute slavery. I see no half-way place for him. One or the other of these conditions is to solve the so-called negro problem. There are forces at work in both of these directions, and for the present that which aims at the re-enslavement of the negro seems to have the advantage. Let it be remembered that the labor of the negro is his only capital. Take this from him, and he dies from starvation. The present mode of obtaining his labor in the South gives the old master-class a complete mastery over him. I showed this in my last annual celebration address, and I need not go into it here. The payment of the negro by orders on stores, where the storekeeper controls price, quality, and quantity, and is subject to no competition, so that the negro must buy there and nowhere else–an arrangement by which the negro never has a dollar to lay by, and can be kept in debt to his employer, year in and year out–puts him completely at the mercy of the old master-class. He who could say to the negro, when a slave, you shall work for me or be whipped to death, can now say to him with equal emphasis, you shall work for me, or I will starve you to death… This is the plain, matter-of-fact, and unexaggerated condition of the plantation negro in the Southern States today.”

Frederick Douglass (1818–1895) American social reformer, orator, writer and statesman

Speech http://teachingamericanhistory.org/library/document/the-nations-problem/

Death, Truth, Way, Problem

“You can't possibly care about debt relief and the Simpsons. If you listen to Ligeti and James Macmillan then why would you want to know who won the United game last night or which Cabernet Sauvignon to drink with your meal tonight? Get back into your box.
Something else missing from the Times of 1968 was anything to do with the home or emotional life. There is nothing about marriage, divorce, children, schools, au pairs, depression, drinking, health, drugs, teenagers, affairs, fashion, sex, successful relationships, failing relationships, interior decor, cancer, infertility, faith, grandparents - or any of the other things that make up the texture of our non-working lives.”

Alan Rusbridger (1953) British newspaper editor

Rusbridger (2000) " Versions of seriousness http://www.theguardian.com/dumb/story/0,7369,391891,00.html", The Guardian. 4 November 2000: Cited in: Raymond Boyle (2006) Sports Journalism: Context and Issues. p. 11 According to Boyle 2006 Rusbridger argued that "changes in the broadsheet press simply reflects wider cultural shift in taste and the breaking down of areas of supposedly high and low culture." 2000s

Life, Marriage, Children, Health

“President Obama has weakened our military by weakening our economy. He's crippled us with wasteful spending, massive debt, low growth, a huge trade deficit and open borders.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2016, April, Foreign Policy Speech (27 April 2016)

“He who wants Lent to seem short, should contract a debt to be repaid at Easter.”

Giordano Bruno book Candelaio

Candelaio, Act IV, Scene XVII. — (Lucia.)
Translation reported in Harbottle’s Dictionary of quotations French and Italian (1904), p. 275

“The most serious problems lie in the financial sphere, where the economy’s debt overhead has grown more rapidly than the ‘real’ economy’s ability to carry this debt. … The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

Michael Hudson (economist) (1939) American economist

Financial Capitalism v. Industrial Capitalism http://michael-hudson.com/1998/09/financial-capitalism-v-industrial-capitalism/ (September 3, 1998) Michael-Hudson.com, 1998-

Lie, Problem

“The university system in 2014, it's like the Catholic Church circa 1514… You have this priestly class of professors that doesn't do very much work; people are buying indulgences in the form of amassing enormous debt for the sort of the secular salvation that a diploma represents. And what I think is also similar to the 16th century is that the Reformation will come largely from the outside.”

Peter Thiel (1967) American entrepreneur, venture capitalist, and hedge fund manager

In an episode http://conversationswithbillkristol.org/video/peter-thiel/ of "Conversations with Bill Kristol" (2014)

People, Thinking, Universe

“Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, 'Oh we've paid off the debt,' it's like the pea and thimble trick. The Government debt or the massive private debt abroad? It's continuing to grow.”

Paul Keating (1944) Australian politician, 24th Prime Minister of Australia

7:30 Report interview, May 8, 2006

Housing

“People in debt become hopeless and hopeless people don’t vote. They always say that that everyone should vote but I think that if the poor in Britain or the United States turned out and voted for people that represented their interests there would be a real democratic revolution.”

Tony Benn (1925–2014) British Labour Party politician

Interview with Michael Moore in the movie Sicko (2007).
2000s

People, Thinking

“As far as Hamilton, the banks and internal improvements, contrary to Professor DiLorenzo, I think, and several other people have thought, that Hamilton was the greatest Secretary of the Treasury we ever had. The assumption of the debts of the states, and the funding of the debt through the bank produced an enormous prosperity in the country, and this was all done under Washington’s administration. And if you want to speak of Federalists and people supporting the Federalist economic agenda, the first one of them was George Washington.”

Harry V. Jaffa (1918–2015) American historian and collegiate professor

2000s, The Real Abraham Lincoln: A Debate (2002), Rebuttal

People, Support, Thinking, Country

“Indeed, India has become notorious as a country in which a very large part of the working population is laboring in effective debt peonage to a landlord or other creditor.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Ten, "The Middle Ages", p. 256

Parting, Country

“I have gained a lot from my German teachers and philosophers and I acknowledge this debt whole heartedly but it does not mean that others have not contributed to the growth of my ideas. I have been influenced in much the same way by thoughts of Indian, Swiss, English and American teachers and educational philosophers. I always treat truth and discretion as my lost property and pick it up wherever I find it.”

Zakir Hussain (politician) (1897–1969) 3rd President of India

Source: Quest for Truth (1999), p. 145.

Truth, Education, Way, Idea

“This cause of exploration and discovery is not an option we choose; it is a desire written in the human heart. We are that part of creation which seeks to understand all creation. We find the best among us, send them forth into unmapped darkness, and pray they will return. They go in peace for all mankind, and all mankind is in their debt.”

George W. Bush (1946) 43rd President of the United States

2000s, 2003, Columbia space shuttle disaster (February 2003)

Peace, Understanding, Heart, Parting

“They say we must not on any account "Americanise" our institutions…They tell us in America numbers overwhelm property and education. Well, but numbers have not overwhelmed property and education in England, and yet look at legislation in England. Look at our wars, look at our debt, look at our taxes, look at this great fact—that every improvement of the last forty years has been an improvement which numbers, and numbers only, have wrested from the property, and what they call the education of the country. Our education is fairly represented by our Universities, but I say now, as I have said before, that if the Legislature of England, if the Parliament of England, had been guided for thirty years past according to the counsels of the representatives from the Universities, England, instead of being a country of law and of order, would have been long before this a country of anarchy and of revolution.”

John Bright (1811–1889) British Radical and Liberal statesman

Speech in Birmingham (27 October 1858), quoted in G. M. Trevelyan, The Life of John Bright (London: Constable, 1913), pp. 271-272.
1850s

War, Education, Law, Universe

“Think of the firm as a gigantic tub of whole milk. The farmer can sell the whole milk as it is. Or he can separate out the cream, and sell it at a considerably higher price than the whole milk would bring. (Selling cream is the analog of a firm selling debt securities, which pay a contractual return.) But, of course, what the farmer would have left would be skim milk, with low butter-fat content, and that would sell for much less than whole milk. (Skim milk corresponds to the levered equity.) The Modigliani-Miller proposition says that if there were no cost of separation (and, of course, no government dairy support program), the cream plus the skim milk would bring the same price as the whole milk.”

Merton Miller (1923–2000) American economist

Merton Miller. Financial Innovations and Market Volatility, 1991. p. 269; as cited in [Merton H. Miller (1923–2000), http://www.econlib.org/library/Enc/bios/Miller.html, The Concise Encyclopedia of Economics, 2nd, Library of Economics and Liberty, Liberty Fund, 2008]

Support, Thinking

“We know that the enemies of our civilization and of Arab-Muslim civilization have emerged from what is actually a root cause. The root cause is the political slum of client states from Saudi Arabia through Iraq, Pakistan and elsewhere, that has been allowed to dominate the region under U. S. patronage, and uses people and resources as if they were a gas station with a few flyblown attendants. To the extent that this policy, this mentality, has now changed in the administration, to the extent that their review of that is sincere and the conclusions that they draw from it are sincere, I think that should be welcomed. It's a big improvement to be intervening in Iraq against Saddam Hussein instead of in his favor. I think it makes a nice change. It's a regime change for us too. Now I'll state what I think is gonna happen. I've been in London and Washington a lot lately and all I can tell you is that the spokesmen for Mr. Blair and Mr. Bush walk around with a look of extraordinary confidence on their faces, as if they know something that when disclosed, will dissolve the doubts, the informational doubts at any rate, of people who wonder if there is enough evidence. [Mark Danner: It's amazing they've been able to keep it to themselves for so long. ] I simply say, I have two reasons for confidence. I know perfectly well that there are many people who would not be persuaded by this evidence even if it was dumped on their own doorstep, because the same people, many of the same people, didn't believe that it was worth fighting in Afghanistan even though the connection between the Taliban and Al Qaeda was as clear as could possibly be. So I know that. There's a strong faction of the so-called peace movement that is immune to evidence and also incapable of self criticism, of imagining what these countries would be like if the advice of the peaceniks has been followed. I also made some inquiries of my own, and I think I know what some of these disclosures will be. But, as a matter of fact I think we know enough. And what will happen will be this: The President will give an order, there will then occur in Iraq a show of military force like nothing probably the world has ever seen. It will be rapid and accurate and overwhelming enough to deal with an army or a country many times the size of Iraq, even if that country possessed what Iraq does not, armed forces in the command structure willing to obey and be the last to die for the supreme leader. And that will be greeted by the majority of Iraqi people and Kurdish people as a moment of emancipation, which will be a pleasure to see, and then the hard work of the reconstitution of Iraqi society and the repayment of our debt — some part of our debt to them — can begin. And I say, bring it on.”

Christopher Hitchens (1949–2011) British American author and journalist

"How Should We Use Our Power: A Debate on Iraq" http://www.commonwealthclub.org/archive/03/03-01hitchensdanner-qa.html with Mark Danner at UC Berkeley (2003-01-28}: On the 2003 invasion of Iraq 2000s, 2003

People, Pleasure, World, Peace

“Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.”

Ron Paul (1935) American politician and physician

Fannie Mae and Freddie Mac Subsidies Distort the Housing Market, September 10, 2003 http://www.house.gov/paul/congrec/congrec2003/cr091003.htm 2000s, 2001-2005

Pain, Loss, Housing

“This leads to the second most dangerous, and very disingenuous claim by Fair Tax advocates, that it repeals the income tax. It does not. The Fair Tax Bill merely repeals various sections of the federal tax code relating to the income tax. The bill leaves the 16th Amendment intact; most tellingly, it uses tepid language about the 16th Amendment, saying only that Congress “finds” that it “should be repealed.”
This clearly leaves an opening for Congress to reinstate the income tax once the national sales tax is in place. Given the addiction to spending and the lack of integrity that pervades our government, I’m convinced that even if the Fair Tax passes, it’ll be implemented without doing away with the income tax — thus giving us the worst of both worlds. In fact, I wouldn’t be surprised if some congressman championed “bringing back” the income tax as the only solution to a future “debt crisis.””

R. Lee Wrights (1958–2017) American gubernatorial candidate

2012, " The Fair Tax Isn't Fair, It's a Farce http://www.libertyforall.net/?p=7101"

World, Future