Quotes about debt
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Martin Luther King, Jr. photo

“Forgiveness does not mean ignoring what has been done or putting a false label on an evil act. It means, rather, that the evil act no longer remains as a barrier to the relationship. Forgiveness is a catalyst creating the atmosphere necessary for a fresh start and a new beginning. It is the lifting of a burden or the canceling of a debt.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1950s, Loving Your Enemies (Christmas 1957)
Context: Forgiveness does not mean ignoring what has been done or putting a false label on an evil act. It means, rather, that the evil act no longer remains as a barrier to the relationship. Forgiveness is a catalyst creating the atmosphere necessary for a fresh start and a new beginning. It is the lifting of a burden or the canceling of a debt. The words "I will forgive you, but never forget what you have done" never explain the real nature of forgiveness. Certainly one can never forget, if that means erasing totally for his mind. But when we forgive, we forget in the sense that the evil deed is no longer a mental block impeding a new relationship. Likewise, we can never say, "I will forgive you, but I won't have anything further to do with you." Forgiveness means reconciliation, a coming together again. Without this, no man can ever love his enemies. The degree to which we are able to forgive determines the degree to which we are able to love our enemies.

P. J. O'Rourke photo
James Russell Lowell photo

“Is true Freedom but to break
Fetters for our own dear sake,
And, with leathern hearts, forget
That we owe mankind a debt?”

James Russell Lowell (1819–1891) American poet, critic, editor, and diplomat

St. 3
"Stanzas on Freedom" (1843)
Context: p>Is true Freedom but to break
Fetters for our own dear sake,
And, with leathern hearts, forget
That we owe mankind a debt? No! true freedom is to share
All the chains our brothers wear,
And, with heart and hand, to be
Earnest to make others free!<p

“Our debt to the Bible and Classics is so great that this type of research will deepen our understanding of our culture and of ourselves.”

Cyrus H. Gordon (1908–2001) American linguist

Source: The Common Background of Greek and Hebrew Civilizations (1965 [1962]), Ch.VIII Further Observations on the Bible
Context: If archeology had yielded only the Epic of Kret, we would have enough to bridge the gap between the Iliad and Genesis. But... our new sources are so rich that we have only begun... The years ahead bid fair to be the most fruitful in the annals of Classical and Biblical scholarship. Our debt to the Bible and Classics is so great that this type of research will deepen our understanding of our culture and of ourselves.

Mansur Al-Hallaj photo

“Love is in the pleasure of possession, but in the Love of Allah there is no pleasure of possession, because the stations of the Reality are wonderment, the cancelling of the debt which is owed, and the blinding of vision.”

Mansur Al-Hallaj (858–922) Persian mystic, revolutionary writer and teacher of Sufism

As quoted in "Husayn ibn Mansur al-Hallaj" at Sidi Muhammad Press http://www.sufimaster.org/teachings/husayn.htm
Context: Love is in the pleasure of possession, but in the Love of Allah there is no pleasure of possession, because the stations of the Reality are wonderment, the cancelling of the debt which is owed, and the blinding of vision. The Love of the human being for God is a reverence which penetrates the very depths of his being, and which is not permitted to be given except to Allah alone. The Love of Allah for the human being is that He Himself gives proof of Himself, not revealing Himself to anything that is not He.

Thomas Jefferson photo

“I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom. And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.”

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

1810s, Letter to H. Tompkinson (AKA Samuel Kercheval) (1816)
Context: I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom. And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. Our landholders, too, like theirs, retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury, must wander, like theirs, in foreign countries, and be contented with penury, obscurity, exile, and the glory of the nation. This example reads to us the salutary lesson, that private fortunes are destroyed by public as well as by private extravagance. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second; that second for a third; and so on, till the bulk of the society is reduced to be mere automatons of misery, and to have no sensibilities left but for sinning and suffering. Then begins, indeed, the bellum omnium in omnia, which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

Neil Gaiman photo
Stanley Baldwin photo

“England is the natural home of liberty and free institutions, and in her endeavour to secure these blessings for the world no country ought to be quicker than she in acknowledging her debt to Hellas.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Speech to the annual meeting of the British School at Athens in London (2 November 1926), quoted in Our Inheritance (London: Hodder and Stoughton, 1938), p. 205.
1926
Context: September of the year 490 B. C. was to my mind a more cardinal moment of fate for Europe than August 1914. Western civilization... was saved in its infancy at Marathon, and ten years later by Leonidas and by the men of Salamis... had it not been for that decade there would have been nothing to prevent Eastern Europe being orientalized and the ultimate fight for the hegemony of Europe would have been left to the Persians and the Carthaginians. But for the Greeks there would have been no civilization as we know it, and we should all have been dark-skinned people with long noses... England is the natural home of liberty and free institutions, and in her endeavour to secure these blessings for the world no country ought to be quicker than she in acknowledging her debt to Hellas.

David Livingstone photo

“People talk of the sacrifice I have made in spending so much of my life in Africa. Can that be called a sacrifice which is simply paid back as a small part of a great debt owing to our God, which we can never repay?”

David Livingstone (1813–1873) Scottish explorer and missionary

Speech to students at Cambridge University (4 December 1857)
Context: People talk of the sacrifice I have made in spending so much of my life in Africa. Can that be called a sacrifice which is simply paid back as a small part of a great debt owing to our God, which we can never repay? Is that a sacrifice which brings its own blest reward in healthful activity, the consciousness of doing good, peace of mind, and a bright hope of a glorious destiny hereafter? Away with the word in such a view and with such a thought! It is emphatically no sacrifice. Say rather it is a privilege. Anxiety, sickness, suffering, or danger now and then with a foregoing of the common conveniences and charities of this life, may make us pause and cause the spirit to waver and the soul to sink; but let this only be for a moment. All these are nothing when compared with the glory which shall be revealed in and for us. I never made a sacrifice.

P. J. O'Rourke photo

“No government proposal more complicated than "This note is legal tender for all debts, public and private" ever works.”

P. J. O'Rourke (1947) American journalist

Roast of Robert Novak at the Conservative Political Action Committee (11 February 1994)

Walter Rauschenbusch photo

“I have written this book to discharge a debt.”

Walter Rauschenbusch (1861–1918) United States Baptist theologian

Source: Christianity and the Social Crisis (1907), Introduction, p.xv
Context: I have written this book to discharge a debt. For eleven years I was pastor among the working people on the West Side of New York City.... I have never ceased to feel that I owe help to the plain people who were my friends. If this book in some far-off way helps to ease the pressure that bears them down and increases the forces that bear them up, I shall meet the Master of my life with better confidence.

John Quincy Adams photo

“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”

John Quincy Adams (1767–1848) American politician, 6th president of the United States (in office from 1825 to 1829)

“The vanishing middle-class, distinct rich/poor class divisions in the US and poverty continue to be issues that nag and tear at the social fabric but rarely are put front and centre in plays and works for live performance. I don’t think every play needs to address these topics, of course. I do think the daily lives of citizens—the sheer struggle to get by, make do, and the increased dependency on credit (and therefore, debt) are issues that affect everyone…”

Caridad Svich (1963) American writer

On the topics rarely addressed in theater in “Making Invisible Stories Seen, Heard and Felt Interview with Caridad Svich” http://www.critical-stages.org/3/making-invisible-stories-seen-heard-and-felt-interview-with-caridad-svich/ in The IATC webjournal/Revue web de l'AICT – Autumn 2010: Issue No 3

Thomas Jefferson photo

“About to enter, fellow-citizens, on the exercise of duties which comprehend everything dear and valuable to you, it is proper you should understand what I deem the essential principles of our Government, and consequently those which ought to shape its Administration. I will compress them within the narrowest compass they will bear, stating the general principle, but not all its limitations. Equal and exact justice to all men, of whatever state or persuasion, religious or political; peace, commerce, and honest friendship with all nations, entangling alliances with none; the support of the State governments in all their rights, as the most competent administrations for our domestic concerns and the surest bulwarks against antirepublican tendencies; the preservation of the General Government in its whole constitutional vigor, as the sheet anchor of our peace at home and safety abroad; a jealous care of the right of election by the people -- a mild and safe corrective of abuses which are lopped by the sword of revolution where peaceable remedies are unprovided; absolute acquiescence in the decisions of the majority, the vital principle of republics, from which is no appeal but to force, the vital principle and immediate parent of despotism; a well-disciplined militia, our best reliance in peace and for the first moments of war till regulars may relieve them; the supremacy of the civil over the military authority; economy in the public expense, that labor may be lightly burthened; the honest payment of our debts and sacred preservation of the public faith; encouragement of agriculture, and of commerce as its handmaid; the diffusion of information and arraignment of all abuses at the bar of the public reason; freedom of religion; freedom of the press, and freedom of person under the protection of the habeas corpus, and trial by juries impartially selected. These principles form the bright constellation which has gone before us and guided our steps through an age of revolution and reformation. The wisdom of our sages and blood of our heroes have been devoted to their attainment. They should be the creed of our political faith, the text of civic instruction, the touchstone by which to try the services of those we trust; and should we wander from them in moments of error or of alarm, let us hasten to retrace our steps and to regain the road which alone leads to peace, liberty, and safety.”

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

1800s, First Inaugural Address (1801)

Bernie Sanders photo

“This is truly a revolutionary proposal: all Americans will get the college education or job training they need, while having all student debt forgiven.”

Bernie Sanders (1941) American politician, senator for Vermont

Twitter Post https://twitter.com/SenSanders, (26 June 2019)
2010s, 2019, June 2019

Bernie Sanders photo
Bernie Sanders photo
Abu Bakr al-Baghdadi photo

“America, which presents itself as the only superpower, is losing its status as the world’s top leader and is becoming an exhausted country with huge debts. This is preparing the ground for its collapse and the fall of other countries into the abyss.”

Abu Bakr al-Baghdadi (1971–2019) leader of the Islamic State of Iraq and the Levant

The Meir Amit Intelligence and Terrorism Information Center, 28 September 2017 (date of quote)
2014, 2017, Statement released in Arabic, 28 September 2017
Source: In a public statement by ISIS leader Abu Bakr al Baghdadi, the first in a year, he calls on his supporters to carry out terrorist attacks worldwide, mainly in Western countries. He mentions shooting, stabbing and ramming attacks as well as detonation of IEDs. https://www.terrorism-info.org.il/en/microsoft-wordin-public-statement-isis-leader-abu-bakr-al-baghdadi-first-year-calls-supporters-carry-terrorist-attacks-worldwide-mainly-western-countries-ment/, The Meir Amit Intelligence and Terrorism Information Center, 27 August 2018

Roy Jenkins photo
John Conyers photo
Benjamin Creme photo

“Third World debt — The debt will be written off. There is no possibility of doing anything else. There is no way in which this debt can be recovered.”

Benjamin Creme (1922–2016) artist, author, esotericist

Maitreya's Teachings - The Laws of Life (2005)

James Callaghan photo
Alexandria Ocasio-Cortez photo

“A few more ways to gain traction: - Support a Federal Jobs Guarantee, - Bailout Student Debt, - Legalize Marijuana & Explore Reparations, Baby Bonds. Here’s our Student Loan Cancellation Digital Town Hall…”

Alexandria Ocasio-Cortez (1989) American politician

Twitter post, https://twitter.com/AOC/status/1080310857161232384 (1 January 2019)
Twitter Quotes (2019), January 2019

Paul Claudel photo

“I had completely forgotten about religion and in this respect had a savage ignorance of it. The first glimmer of truth came to me through an encounter with a great poet, who played a predominant part in the formation of my thinking and to whom I owe an eternal debt, Arthur Rimbaud. Reading Illuminations, then a few months later, Use Saison en Enfer was for me a capital event. For the first time, his books opened a crack in my materialist servitude and gave me a vivid and almost physical impression of the supernatural.”

Paul Claudel (1868–1955) French diplomat

J'avais complètement oublié la religion et j'étais à son égard d'une ignorance sauvage. La première lueur de vérité me fut donnée par la rencontre des livres d'un grand poète, à qui je dois une éternelle reconnaissance, et qui a eu dans la formation de ma pensée une part prépondérante, Arthur Rimbaud. La lecture des Illuminations, puis, quelques mois après, d'Une Saison en enfer, fut pour moi un événement capital. Pour la première fois, ces livres ouvraient une fissure dans mon bagne matérialiste et me donnaient l'impression vivante et presque physique du surnaturel.
"My Conversion," December 1886, as translated in Negritude and the Civilization of the Universal, p. 28

“I had loved so infrequently I felt a debt to those whom I had, for the reprieve from solitude.”

Michael Nava (1954) American writer

Source: Henry Rios series of novels, How Town (1990), p.198

Hunter S. Thompson photo
Ulysses S. Grant photo

“I am a Republican for many other reasons. The Republican party assures protection to life and property, the public credit and the payment of the debts of the Government, State, county, or municipality so far as it can control. The Democratic party does not promise this; if it does, it has broken its promises to the extent of hundreds of millions, as many Northern Democrats can testify to their sorrow.”

Ulysses S. Grant (1822–1885) 18th President of the United States

As quoted in Words of Our Hero, Ulysses S. Grant https://books.google.com/books?id=wqJBAAAAYAAJ&pg=PA48&lpg=PA48&dq=%22the+one+thing+i+never+wanted+to+see+again+was+a+military+parade%22&source=bl&ots=zH525oYpJn&sig=ACfU3U0GLPNgij-FmXIDwgWp_Kg8zDskWg&hl=en&sa=X&ved=2ahUKEwj4uc7PzKniAhUq1lkKHWhlBfQQ6AEwBXoECAUQAQ#v=onepage&q=%22the%20one%20thing%20i%20never%20wanted%20to%20see%20again%20was%20a%20military%20parade%22&f=false, by Jeremiah Chaplin, p. 58
1880s, Speech at Warren, Ohio (1880)

Benjamin Creme photo
Robert B. Reich photo
Michael Hudson (economist) photo
Michael Hudson (economist) photo

“Debts that can't be paid, won't be paid.”

Michael Hudson (economist) (1939) American economist

p 25
Dr. Michael Hudson, KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT BONDAGE DESTROY THE GLOBAL ECONOMY, Islet 2015

Clementine Churchill photo

“I think my Darling you will have to be very patient - Do not burn any boats - The P.M. [ H. H. Asquith ] has not treated you worse than Ll. G has done, in fact not so badly for he is not as much in your debt as the other man, (i.e. Marconi).* On the other hand are the Dardanelles. I feel sure that if the choice were equal you would prefer to work with the P.M. than with LI. G.”

Clementine Churchill (1885–1977) wife of Sir Winston Churchill and a life peeress in her own right

It's true that when association ceases with the P.M. he cools & congeals visibly, but all the time you were at the Admiralty he was loyal & steadfast while the other would barter you away at any time in any place. I assure you he is the direct descendant of Judas Iscariott [sic]. At this moment altho I hate the P.M, if he held out his hand I could take it, (tho' I would give it a nasty twist) but before taking Ll. G's I would have to safeguard myself with charms, touchwoods, exorcisms & by crossing myself -<p> I always can get on with him & yesterday I had a good talk, but you can't hold his eyes, they shift away -<p>You know I'm not good at pretending but I am going to put my pride in my pocket & reconnoitre Downing Street.

Letter: Alderley Park, Chelford, Cheshire, 30th December, 1915

Richard D. Wolff photo
Richard D. Wolff photo
Cory Booker photo
George Packer photo

“America under Trump became less free, less equal, more divided, more alone, deeper in debt, swampier, dirtier, meaner, sicker, and deader.”

George Packer (1960) American journalist and writer

A Political Obituary for Donald Trump (2020)

“It is most likely that the author was the only one who owed and paid a debt of tears. I know something about this but not all the details.”

Note in the first chapter of an 1814 version of The Story of the Stone, as quoted by Liu Zaifu in Reflections on "Dream of the Red Chamber", trans. Shu Yunzhong (Cambria Press, 2008), p. 197

John F. Kennedy photo
Jon Ossoff photo
Alexandria Ocasio-Cortez photo

“There's not much money - if that's what you mean."
"Approximately."
"Once all the debts are paid there will be very little.”

Bernard MacLaverty (1942) Irish writer

"Nevertheless. Every little helps. The Brothers are sorely in need of it this weather."
Source: Novels, Lamb (1980), Ch.1 - p.12

Ron English photo

“Education prepares the next generation for life and debt.”

Ron English (1959) American artist

Ron English's Fauxlosophy (2016)

Brent Weeks photo
William Ewart Gladstone photo
Ray Dalio photo
Thomas Jefferson photo

“The art and mystery of banks… is established on the principle that 'private debts are a public blessing.”

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

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

Scott Wagner photo

“Going to trade school, that’s a good honest job, working as a machinist or at a steel plant. It seems like we forgot about that. People get massively indebted going to liberals arts schools and this is how we can deal with our student debt problem too.”

Scott Wagner (1955) American politician

Exclusive–Scott Wagner on Running for PA Governor: ‘My Campaign Is About’ Leadership and Solving Problems https://www.breitbart.com/politics/2018/02/13/exclusive-scott-wagner-on-running-for-pa-governor-my-campaign-is-about-leadership-and-solving-problems/ (13 February 2018)

Nancy Pelosi photo

“At the same time, we must lift the debt ceiling and hope that we can have a unanimous Democratic vote and perhaps a bipartisan vote to do so”

Nancy Pelosi (1940) American politician, first female Speaker of the House of Representatives, born 1940

Source: " Pelosi writes to Democrats about Build Back Better https://www.theguardian.com/us-news/live/2021/oct/12/debt-ceiling-deal-latest-biden-pelosi-democrats-us-politics-infrastructure-live?page=with:block-61658bda8f089af1cb01c728#block-61658bda8f089af1cb01c728" (October 12, 2021)

Jack Vance photo

“Debt can rob you of your future because you are using the money you earn today to pay off things from the past”

Andrew Lokenauth (1987) Personal finance expert, writer and public speaker

Source: https://www.bankrate.com/finance/credit-cards/how-credit-cards-can-help-during-a-recession/