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My mother Molly had a nervous breakdown after my father Chic died, aged 50. He was a very generous man who ran a shop in Dundee giving a lot of people tick. When he died, a lot of people hadn't paid their bills, so he died with a lot of debt. After he died, my mother went doolally.
I think America is strong enough to fix the problems, grace and honor to D.C. I think energy independence and control spending. We have to go to a balanced budget. Quite frankly, as far as our debt goes, I don't think you can tax your way out of it. I think people are taxed enough.
The Fed's buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn't matter whether unemployment goes up or down. It doesn't matter whether inflation is higher or lower. Its influence on the market is dominant.
While we can never truly repay the debt we owe our heroes, the least we should do for our brave veterans is to ensure that the government takes a proactive approach to delivering the services and benefits they have earned, so they can access the care they need and so richly deserve.
The first thing, when I got the money, I knew I would support somebody. And the person I supported was my family. Because we were really in debt with the money. And - so I gave to my father this suitcase full of money. And he couldn't believe it. And that was something very special.
By Christ's purchasing redemption, two things are intended: his satisfaction and his merit; the one pays our debt, and so satisfies; the other procures our title, and so merits. The satisfaction of Christ is to free us from misery; the merit of Christ is to purchase happiness for us.
Payable On Death is actually a banking term, when someone passes on, what someone leaves behind. We related that to Jesus on the cross, and by his death, our sins are paid, the debt is paid. We have salvation if we want it. We got tired of saying Payable On Death, so we went to P.O.D.
And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.
Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, so it's all an illusion that the system can be saved. The question is, how long are people going to be willing to live in this illusion?
There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks.
A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn't do it.
Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.
For too many years, politicians in Washington have been eager to pledge more hard-earned taxpayer dollars to help deal with the student debt load. But this doesn't sit right with the many Americans who take pride in making fiscally responsible choices and paying off their loans on time.
Trump divides his time between working some kind of 'King Ralph' angle, and claiming that he's going to make the U.S. great again by using his business experience. We can only assume that means repeatedly declaring it bankrupt, then changing its name so he can just shake off all the debt.
I am confident that we can overcome this crisis, provided that we remain united in our effort to address our debt and competitiveness problems. And I think that the Greek people are united; it's important also that the political forces are united in line with the will of the Greek people.
The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going to be almost impossible to recover from.
Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.
Some bailiffs were tacking on extra charges left, right and centre - a fee for every letter they sent, extra fees for visiting your house, for clamping your car, seizing it, towing it and selling it. It all stacked up and people in debt had no choice but to pay. We have put an end to this.
Abraham was extremely wealthy and he had a covenant with God. It's not the Jewish blessing, it's the Abrahamic blessing. I get excited talking about it 'cause I love it and I started out deep in debt with nothing. I had to learn this from the Bible and from my spiritual mentor Oral Roberts.
To avoid the necessity of a permanent debt and its inevitable consequences, I have advocated and endeavored to carry into effect the policy of confining the appropriations for the public service to such objects only as are clearly with the constitutional authority of the Federal Government.
Despite the debt, the traffic, the one-party rule, the taxes, and the eagerness of politicians to overwhelm small businesses and large corporate job producers with red tape and unnecessary regulations, the Golden State is still the most beautiful place to live and work in the United States.
When you're the president of the United States and you know that the biggest issue facing you is this cliff that we're about ready to head over if we don't get this spending and debt situation under control, it's very irresponsible not to take the action that is necessary to fix the problem.
If you're doing something like scheduling utility payments to come through your debit card or out of your personal checking account, that's perfectly fine. But there are much safer ways to handle situations with debt collectors. You can send a money order overnight, or wire the cash to them.
If you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.
I wrote this 12-page 'Luke Cage' comic book for Marvel once, and I got to create a villain. His name was Lone Shark, so there was this running thing of whether it was spelled L-O-A-N or L-O-N-E. I like the idea of 'I'm a lone shark,' and then people are like, 'You are here to collect a debt?'
I was on the national Pentathlon team for a few years, but there was no funding for athletes in Canada. I was in a massive amount of personal debt at the age of 21, so I joined a little modelling and talent agency to get a some work, to do anything so that I didn't have to drop out of school.
I've stood in rooms in urban, rural, and suburban parts of my state and asked a room of middle class voters to raise their hands if the college debt of someone in their family is affecting their financial situation. Without exception, at least three quarters of the room will raise their hand.
The Citizen's Petition reflects Vermont's spirit of pragmatism and across-the-board cooperation. I applaud the 'Campaign to Fix the Debt' for calling attention to one of the country's most pressing problems, our ballooning national debt, and for urging policymakers to find practical solutions.
Our platform calls for a balanced deficit reduction plan where the wealthy pay their fair share. And when your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn't class warfare - it's patriotism.
The amount of U.S. debt held by countries such as China and Japan is at a historic high, with foreign investors holding half of America's publicly held debt. This dependence raises the specter that other nations will be able to influence our policies in ways antithetical to American interests.
Colonial system, public debts, heavy taxes, protection, commercial wars, etc., these offshoots of the period of manufacture swell to gigantic proportions during the period of infancy of large-scale industry. The birth of the latter is celebrated by a vast, Hero-like slaughter of the innocents.
The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.
When we were playing chess in the house, she would never let me win until I was good enough to beat her. It was always a competition. She was also always there for me. She was a very caring, loving mom, and the sacrifices she made to allow me to get to where I am today, I'll be forever in debt.
I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so much trouble is that it's hard to figure out how much risk you really are taking.
Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.
War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.
There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.
I'm witnessing the problems that the federal government is passing down in terms of drones, in violation of our civil liberties, spying on our citizens, death panels in the form of the government taking over the health care system and the national debt they're just saddling our grandchildren with.
Our government is deeply disordered; its credit is impaired; its debt increasing; its expenditures extravagant and wasteful; its disbursements without efficient accountability; and its taxes (for duties are but taxes) enormous, unequal, and oppressive to the great producing classes of the country.
Here's the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn't reached.
I don't think there's a Photoshop professional out there that doesn't owe a significant chunk of their expertise - and a big debt of gratitude - to Bruce Fraser. He almost single-handedly shaped the way we work with color, how we process RAW images in Photoshop, and even how we sharpen our photos.
I've always been terrified about not having money. I've been a big saver and a big earner. When I've been out of work, I've always found another job. I never wanted to get into debt, because money was very tight when I was growing up. I never felt deprived, but I couldn't have the things I wanted.
From the age of 8, I was running media campaigns on global issues back home in Australia. I was ever so slightly precocious. I would meet with senior Australian government officials, including the prime minister and foreign minister, proposing various solutions to third-world debt and malnutrition.
Everyone needs a place to live. Everyone needs a place to come home to every night. I don't understand why our society, our government, can think that you can lock a person away for months or years... and then release them back after they pay their debt without any support and expect it to be okay.
I had some terrible times - comparatively speaking. I saddled myself with a load of debt, I wasn't liked by a lot of my fellow comics and I used to blame other people for me not getting a break. But now I realise I just wasn't very good. And as soon as I became good, things took off pretty quickly.
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
It seems evident that the IMF has learned nothing from its inequality-inducing policies during the 1980s debt crises in Latin America nor from its recession-deepening response to the East Asian crisis of the late 1990s. In both regions, the IMF has become synonymous with making bad situations worse.
I did go to an MFA program, at Bowling Green State University in Ohio. For me, it worked perfectly. It was a small program. They only take five fiction writers a year, and they fund all of us - you don't go into debt to get an MFA. It's not like getting an MBA - you're not going to buy yourself out.