Debt Quotes

I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.

Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as "deficits as far as the eye can see." But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?

Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.

I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road.

Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.

Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.

Too many Americans are out of work, and our debt is out of control.

I certainly think you could look at the business side of how WWE was run, which was as a conservative company with little debt and strong cash balance.

President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.

A church debt is the devil's salary.

Ten million dollars after I'd become a star I was deeply in debt.

Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C.

If Washington continues to fumble issues like taking care of the debt, getting the troops home, and rebuilding our economy, my wife and I may sit down and say, 'These are critical things and maybe we need to get back in the ball.'

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.

Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.

The marathon is all about energy management. I had planned to run it like a track race with strategic surges to blow up my competitors by putting them into oxygen debt, so that is the way I prepared.

Without growth we can't pay down our debt, and without growth there's no money for welfare.

What our Republican friends are doing, if we look at what they do and not what they say, they have decided that the most important thing in this country is to increase payments for interest on the national debt.

It took the first 204 years of our Nation's history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.

You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'

People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people's home lives, domestic stuff.

Government bonds have basically been sold in the domestic market, so there is some sense of stability, but the amount of public debt is really severe... Japan must manage its finances with a sense of urgency.

If we had decided on January 5, in the new House of Representatives, to make no new spending bills, the debt ceiling would've still been hit, because, those are bills that are coming in as a result of purchases and commitments made by the administration and the previous Congress.

I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.

When I think of the future, I think of my 15 year old son Connor and my 12 year old daughter Meghan. I worry about their future because your kids are as important to you as mine are to me. And I am unwilling to leave our children with so much debt.

I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year.

This election presents a stark choice - we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation - free markets, fiscal responsibility and individual liberty.

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.

It's not about what the speaker wants. It's not about necessarily what I want. There's two other principles involved here. It's what the constituents in my district want, and they didn't want to raise the debt ceiling unless there were significant structural reforms and spending cuts to help us balance our budget.