Debt Problem Quotes

I'm the king of debt.

We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.

Bankruptcy is a serious decision that people have to make.

Foreclosures are a significant problem; they're an economic problem.

I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

I think we are not serious about attacking the long-term debt problem, and that's one of the things that he's going to have to find a way to get on the agenda.

There is greater income inequality in the United States than in any other industrialized country. Yes, the debt is a problem that must be dealt with. To me, however, the disappearing middle class is even worse - bad for our economy and really bad for our democracy.

Student loan debt is a real problem. People want to have serious conversations about that.

Solving a problem created by debt... by creating more debt is a fool's errand.

We need to stop the vicious cycle of debt that is strangling us.

There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.

And that's the one thing that people do not understand is that we have very low interest rates and if those go back to historical levels or even go back to scary thoughts that they're back in the late '70s, early '80s, then that's going to really be hard to actually pay off those debts. It's going to be a - it's going to be a very big problem.

But obviously, we're looking for all good ideas to help deal with our long-term debt problem. This is something that is going to affect our economy. It affects our kids. And we need to deal with it.

I certainly don't want our nation to go into default, but at the same time, I'm very concerned about our ongoing debt problem.

Debt is like any other trap, easy enough to get into, but hard enough to get out of.

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.

The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.