Debt Quotes

At our coming into the world we contract an immense debt to our country, which we can never discharge.

Refinancing doesn’t reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

The economy needs a stimulus. We MUST borrow. The notion of debt as a sin or something evil should be reviewed.

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.

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.

The Federal Reserve will not monetize the debt.

It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.

We are the beggars of the world, financing our lavish lifestyle by selling our family heirlooms and by enslaving our progeny with the need to service the debt.

In FY 2006, interest payments alone on the national debt cost us $406 billion. . . . What a waste. . . .

Don’t go into debt and don’t spend a lot. It’s not how much money you make, it’s how much you spend.