At some time, here or hereafter, every account must be settled, and every debt paid in full.
--
p. 361.John Heyl Vincent
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Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, 'Oh we've paid off the debt,' it's like the pea and thimble trick. The Government debt or the massive private debt abroad? It's continuing to grow.
Paul Keating
If it wasn't about race, y'know, if it was really about what the Tea Party says their issue is deficits who ran up all that debt? Bush! Where was the Tea Party then? The two wars we put on the credit card, the prescription drug program that wasn't paid for, the tax cuts that weren't paid for, where were they then? *crickets!* But as soon as President Nosferatu took office, then, suddenly, debt is intolerable. I think there's just something they don't like about him... I cannot put my finger on what it is... Just some way he's not like them... Skinny! That's probably what it is. He's skinny, and that's why they hate him... Oh, and also that he's a Muslim socialist out to destroy America and wave his African wonder-schlong in your daughter's face.
Bill Maher
At one time Mr. Douglass was travelling in the state of Pennsylvania, and was forced, on account of his colour, to ride in the baggage-car, in spite of the fact that he had paid the same price for his passage that the other passengers had paid. When some of the white passengers went into the baggage-car to console Mr. Douglass, and one of them said to him: "I am sorry, Mr. Douglass, that you have been degraded in this manner," Mr. Douglass straightened himself up on the box upon which he was sitting, and replied: "They cannot degrade Frederick Douglass. The soul that is within me no man can degrade. I am not the one that is being degraded on account of this treatment, but those who are inflicting it upon me "
Frederick Douglass
Of course, shedding the debt burden would be a happy development for our country, but it would nevertheless pose a big dilemma for the Fed. Our primary lever of monetary policy was buying and selling treasury securities-Uncle Sam's IOU's. But as the debt was paid down, those securities would grow scarce, leaving the Fed in need of a new set of assets to effect monetary policy.
Alan Greenspan
I paid the price of solitude but at least I'm out of debt.
Bob Dylan
Vincent, John Heyl
Vincent, Lou
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