The economy needs a stimulus. We MUST borrow. The notion of debt as a sin or something evil should be reviewed.
BABATUNDE FASHOLA
BABATUNDE FASHOLA
Babatunde Fashola on debt
Babatunde Fashola14 quotes“The economy needs a stimulus. We MUST borrow. The notion of debt as a sin or something evil should be reviewed.”
More from Babatunde Fashola
My knowledge of Abuja is not as deep as my knowledge of Lagos.
Babatunde FasholaBabatunde Fashola As governor of Lagos, I never signed a cheque and never fixed contract prices.
Babatunde FasholaBabatunde Fashola My recommendation is a compelling urgency for decentralisation. There is a necessity to decentralise the Police. We are under policed.
Babatunde FasholaBabatunde Fashola For every citizen that was robbed, I had failed.
Babatunde FasholaBabatunde Fashola We should have a debt that grows our productivity, we cant borrow to pay salaries. I can borrow to build power plants.
Babatunde FasholaBabatunde Fashola The abuse of political power is not as important as the loss of lives. Plus there is a process for curing the abuse of institutions.
Babatunde FasholaBabatunde Fashola Actions must have consequences.
Babatunde FasholaBabatunde Fashola The unfortunate thing about money is that it always raises suspicion even amongst brothers.
Babatunde FasholaBabatunde Fashola There are times we spent money when we shouldn’t, the choices we make define the results we get
Babatunde FasholaBabatunde Fashola Every state need not start with state policing if they can’t fund it.
Babatunde FasholaBabatunde Fashola The concept of loyalty is a very strange concept. When loyalty is to be tested, the real answer is that may it never be.
Babatunde FasholaBabatunde Fashola who want to benefit from the commonwealth must contribute to the common purse.
Babatunde FasholaBabatunde Fashola Well, by all means please let’s decentralize policing.
Babatunde FasholaBabatunde Fashola
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More on debt
None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
Bill BonnerBill Bonner It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.
Bernard LevinBernard Levin The Federal Reserve will not monetize the debt.
Ben BernankeBen Bernanke Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.
Bernard LietaerBernard Lietaer 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.
Benjamin CarsonBenjamin Carson Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.
Henrik IbsenHenrik Ibsen At our coming into the world we contract an immense debt to our country, which we can never discharge.
Baron de MontesquieuBaron de Montesquieu Medical debts are the number-one cause of bankruptcy in America.
Barbara EhrenreichBarbara Ehrenreich