financial insolvency Quotes

How did you go bankrupt?" Two ways. Gradually, then suddenly.

When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

If you destroy a firm, you can't pull it out of bankruptcy overnight.

If a company can declare bankruptcy, why can't a country do so?

Without significant reform, the Social Security Administration will be legally and financially unable to pay full promised benefits within a generation.

Trump Entertainment Resorts declared Chapter 11 bankruptcy. Or as Donald Trump describes Chapter 11, "Back-to-back number ones!"

Financial experts are saying we are entering a new chapter in the American economy. I believe it's Chapter 11.

Lastly, there is bankruptcy, as the United States pours its economic resources into ever more grandiose military projects and shortchanges the education, health, and safety of its citizens.

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a government, is going to go broke and bankrupt. They are asking to be given the right to declare bankruptcy, which I think should be an option, as a last resort, if there is no other resource.

Bankruptcy and repudiation are the springboards from which much of our civilization vaults and turns its somersets, but the savagestands on the unelastic plank of famine.

We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.

When we talk about Donald Trump business, he has taken business bankruptcy six times. There are a lot of great businesspeople that have never taken bankruptcy once.

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

Many people become bankrupt through having invested too heavily in the prose of life. To have ruined one's self over poetry is an honor.

We came out of the White House not only dead broke, but in debt.

This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.

The world always had the same bankrupt look, to foregoing ages as to us.

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

It's more likely in America that your parents will file for bankruptcy than divorce. We think of divorce as so prevalent, but we all know that happens because somebody moves out of the house.

The Holocaust industry has always been bankrupt. What remains is to openly declare it so. The time is long past to put it out of business.

Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours.