Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.
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Diary (13 July 1879).Rutherford B. Hayes
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Alas, the debt someone incurs at the gambling table, by throwing dice, in a game of cards, is called a debt of honor; I suppose that because it is meaningless in itself we have to give it an impressive name and then hurry to be rid of it. The debt to God is not a debt of honor like that, but it is, nevertheless, an honor to be in debt to God. It is an honor not to owe fortune anything, but to owe God everything; not to owe fate anything, but to owe providence everything; not to owe caprice anything, but to owe a fatherliness everything.-In this way, he who prays aright struggles in prayer and is victorious in that God is victorious.
Soren Aabye Kierkegaard
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
In case of debt, as before remarked, the delinquent is sent to jail — provided the creditor will not accept his services. If he will, however, the debtor becomes nolens volens [unwillingly or willingly, willy-nilly, from will-he nil-he i.e., whether he will or whether he will not] the servant of the creditor till the debt is satisfied; and, serving, as he does, at very reduced wages, his expenses for clothing, and other necessaries, but too often retain him in perpetual servitude. This system... acts with terrible severity upon the unfortunate poor, whose condition is but little better, if not worse indeed than that of the slaves of the South. ...Men's wages range from two to five dollars a month, and those of women from fifty cents to two dollars; in payment of which, they rarely receive any money; but instead thereof, articles of apparel and other necessaries at the most exorbitant prices. The consequence is that the servant soon accumulates a debt which he is unable to pay — his wages being often engaged for a year or two in advance. Now, according to the usages, if not the laws of the country, he is bound to serve his master until all arrearages are liquidated; and is only enabled to effect an exchange of masters, by engaging another to pay his debt...
Josiah Gregg
Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.
Karl Marx
A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.
G. Gordon Liddy
Hayes, Rutherford B.
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