Debt Quotations | Page 7

What is a problem is when you have no particular plan to pay off the debt.

We've got to start worrying about America. And if we don't start dealing with the debt we have and the deficit spending we have in Washington, politics doesn't matter, because the American people do realize that they have to balance their budgets.

We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy.

Most of the major increases in the debt ceiling have been accompanied by structural changes in the way we raise and spend money.

It is a dangerous experiment to call in gratitude as an ally to love. Love is a debt which inclination always pays, obligation never.

Too much pleasure disagrees with us. Too many concords are annoying in music; too many benefits irritate us; we wish to have the wherewithal to overpay our debts.

had decided to write off all of the aid and development debt owed by Guatemala, Nicaragua, Honduras and El Salvador.

Here we are in some of the best economic times many of us have ever seen and they're deeper in debt than they've ever been. I think they sense they are in real financial trouble and if they don't get out of debt now, they wonder what will happen if the economy does turn down?

Going into debt is never easy and, in your case, going deeper into debt is a necessary evil.

Going forward, is there still adjustment in the pipeline? I think there is. The household savings rate is low, and debt growth has accelerated. That means that consumer spending growth is going to be slow. In the next 12 months, the economy is going to do well, but it will be a temporary acceleration rather than the beginning of a normal recovery.