“The unthinkable is that we're distorting this atmospheric balance. We're shifting the chemical balance so that we have more poisons in the atmosphere - ozones and acid rain on ground level - while we're also changing the thermal climate of the earth through the greenhouse effect and - get this - simultaneously causing destruction of our primary filter of ultraviolet light. It's incredible. Talk about the national-debt crisis - we're piling up debts in the atmosphere, and the piper will want to be paid.” WantLightEarthLevelsEffectsBalanceRainDestructionPaidCrisisClimateIncrediblesDebtPrimariesAtmospherePoisonGlobal WarmingChemicalsShiftingAcidFiltersUnthinkableGreenhousesNational DebtPipersOzoneThermalUltravioletAcid RainDebt Crisis Author:Michael Oppenheimer
“It would be a very odd chancellor of any UK government that insisted on a course of action that cost their own businesses hundreds of millions of pounds, that blew a massive hole in their balance of payments and, because assets and liabilities go hand in hand, would potentially leave the rest of the UK shouldering the entirety of UK debt.” HandsGovernmentWould BeActionCoursesMillionsBalanceCostDebtHolesOddPoundsMassiveAssetsPaymentHand In HandOwn BusinessLiabilityEntiretyAssets And Liabilities Author:Nicola Sturgeon
“We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.” LongUseCareOpportunityTermInterestingResultsBalanceBehaviorComfortableBasesStructureRateInvestingCommittedDebtObligationFixedLong TermRejectsPortionsConsideringSheetsEquityConservatismNet WorthLendersBalance SheetsFiduciary Author:Warren Buffett
“If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.” IfsLooksInterestPayReturnAmountBalanceHigherEqualAccountsRateDebtIncomeAssetsEarningSheetsBalance Sheets Author:Milton Friedman
“But at sixteen the conscience rarely gnaws So much, as when we call our old debts in At sixty years, and draw the accounts of evil, And find a deuced balance with the devil.” YearsEvilBalanceDrawsDevilConscienceAccountsDebtSixtySixteen Book:DON JUAN Source: DON JUAN
“If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum payment and encourage people to pay off their credit cards, we're going to make less money, but we're going to have costumers that are more solvent.” PeopleIfsLongPayAmountBalanceRaisesCreditDebtSettingCardsSettingsMinimumLowestPaymentCredit Card Author:Richard Thaler
“Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required.” IfsLongTermRoomsPositionBalanceIncludingDebtLong TermSheetsEmployedFinancingBalance Sheets Author:Peter Cundill
“We have to do more to make it easier for parents to balance work and family. If you left college with a ton of loans, it`s not enough just to make college more affordable. You need help right now with the debt you already have.” IfsNeedsEnoughHelpingLeftParentCollegeBalanceEasierRight NowDebtLoanAffordableNeed Help Author:Hillary Clinton
“The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.” PeopleIfsWayEndsEnoughProblemHouseEconomyBalanceSolutionsOkayCrisisDebtReservesSheetsLendingFederal ReserveBalance SheetsHomeowners Author:Michael Hudson
“I use a "Debt Dash" approach to paying off debt. I recommend people focus on paying off the debt with the lowest balance first. So if the primary has less debt you would focus on that.” PeopleIfsFirstsUseFocusBalanceApproachDebtPrimariesLowest Author:Michelle Singletary
“I want us to do more to support people who are struggling to balance family and work. I've heard from so many of you about the difficult choices you face and the stresses that you're under. So let's have paid family leave, earned sick days. Let's be sure we have affordable child care and debt-free college.” PeopleWantChildrenCareFacesChoicesDifficultSupportStruggleHeardCollegeBalanceSickStressPaidDebtWant UAffordableChild CareDebt FreeDifficult ChoicesSick Days Author:Hillary Clinton
“Get your money in balance. One rule of thumb is 50/30/20. Spend about 50% of your money on must-haves - things like rent, car payments - and about 30% on wants, while 20% should go toward savings and paying down debt.” WantShouldCarBalanceDebtSavingPaymentSavingsThumbsCar Payments Author:Elizabeth Warren
“Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.” YearsGrowthCasesEconomyGrowingEconomicBalanceMajorsHighestPercentCrisisCreditDebtCardsInequalityBritainHouseholdCrashTransfersCredit CardTextbooksRatiosGdpEconomic Crisis Author:Frances O'Grady