“It's responsible for the sloppiness and imprecision of the War on Terror, for example. It's responsible for taking people's tax dollars and spending the country into debt on useless wars and pointless pork projects to buy votes. It's responsible for bailing out the banks instead of standing up for the people the banks cheated. It's responsible for plenty.” PeopleWarCountryExampleTaxesProjectsStandingVoteResponsibleDollarsTerrorDebtSpendingPlentyUselessPointlessCheatedWar On TerrorPorkTax DollarsBailing OutSloppiness Author:Timothy Hallinan
“Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.” WantProblemGovernmentStepsPolicyExamplePoliticianEconomicsClaimsRateAffairFinancialCreditDebtExpensesTaxpayersMortgagePunditsCreditorsBailCrunchGovernment PolicyBorrowersForeclosureMarket FailureFinancial ProblemsCredit Crunch Author:Walter E. Williams
“I would suggest to my honourable Friend that the foreign investor is at least as discouraged by high national debt for that, as all example shows, is the surest precursor of high taxation.” ShowsExampleDebtInvestorsTaxationDiscouragedNational DebtPrecursor Author:John James Cowperthwaite
“The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did.” WayBigsMightSchoolValuesHateClassTeachExampleFinancialDebtHandleGrandmotherLiteracyMy GrandmotherMamaFinancial LiteracyBig Mama Author:Michelle Singletary
“Although you have so far demonstrated little faith in my ability to pay, I yet hope to demonstrate that I am somebody who pays his debts-for example, to you.” LittlesAbilityPayExampleDebtLittle Faith Author:Friedrich Nietzsche
“Some countries need extra stimulus in specific areas. Something has to be done against high youth unemployment in Greece and Spain, for example. But in the end, there is no way around it: The debt levels have to come down.” WayNeedsEndsCountryDoneLevelsExampleYouthAreasDebtExtrasUnemploymentSpainGreeceStimulus Author:Dalia Grybauskaite
“In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.' . . . [It's one more] striking example of inability to learn from experience.” BelieveCountryHouseSpeakWhiteExampleHugeLessonsEconomicsPlantProductionsDebtBillionsSavedRuinsCurseSpiteWhite HouseIdleBusinessmanShockedOld FashionedInabilityMadmenGreat DepressionLearning ExperiencePublic Money Author:Bertrand Russell