debt impact Quotes

A small debt produces a debtor; a large one, an enemy.

If you owe $50,000 for your education, you are not going to be able to start a small business when you graduate.

A habit of debt is very injurious to the memory.

Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.

The American people know that our economy is struggling right now, partly because of the debt that is impacting American families, hardworking taxpayers all across this country.

Borrowing isn't inherently bad; it depends a lot on what the debt is financing.

A trifling debt makes a man your debtor; a large one makes him an enemy.

Bad debt is sacrificing your future day needs for your present day desires.

Independent experts have looked at what I've proposed and looked at what Donald's [Trump] proposed, and basically they've said this, that if his tax plan, which would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy, were to go into effect, we would lose 3.5 million jobs and maybe have another recession.

Overwhelming, student loan payments are holding millions back from buying homes, starting families, and saving for retirement.

With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.

Debt is a drag, a reality you may experience with every credit-card bill you open. But for a corporation or a government, it can be even more of a drag - on economic growth and job creation.

If you borrow money to make money, you've done something magical. On the other hand, if you go into debt to pay your bills or buy something you want but don't need, you've done something stupid. Stupid and short-sighted and ultimately life-changing for the worse.

Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound: great debts are like cannon; of loud noise, but little danger.

I have now the gloomy prospect of retiring from office loaded with serious debts, which will materially affect the tranquility of my retirement.