“It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.” PeopleRunningFacesTaxesPercentInstitutionsDebtDeficitStraight Face Author:Richard Neal
“Greece is a medium-sized country in Europe. Our debt accounts for only 2.5 percent of the total of all members of the euro zone.” CountryMembersPercentEuropeAccountsDebtMediumsZoneGreeceEuro Author:Evangelos Venizelos
“If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.” PeopleIfsThinkingShouldAsksPayPercentHundredBillsDebtSpendingSignificantObligationMisunderstandingCeilingsGlass CeilingDebt Ceiling Author:Peter Welch
“We preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe.” GivingBelieveWarEnoughWisdomJobsPoliticsPayCompanyEconomyOur LivesShareReturnTruth IsPercentCapitalismDollarsDebtMiserableLiberalismEnterpriseClosestCheeseMiceWagesSalaryDividendsFree EnterpriseSerfs Book:Left at the post Source: Left at the post
“The American people care about the fact that we have $17 trillion in debt and 10 percent of every tax dollar that's coming in is going to pay for past overspending.” PeopleFactsCarePastPayTaxesPercentDollarsDebtTax DollarsOverspending Author:Carol Roth
“According to an analysis by the Tax Policy Center, Donald Trump`s tax plan is going to increase the national debt by more than 50 percent over ten years.” YearsPlansPolicyTrumpTenTaxesPercentIncreaseDebtAnalysisNational Debt Author:Lawrence O'Donnell
“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.” QualityEconomyFivePercentCrisisRateCreditDebtFavorsCardsSavingZeroTerrifiedEconomistSavingsIrresponsibleMortgageCredit CardCraftsmanshipMortgage Crisis Author:Denis Hayes
“Donald Trump got himself very far to the left. When he was considering running for president in 2000, he was for a 13 percent wealth tax on wealthy people to retire the national debt.” PeopleRunningLeftPresidentWealthTrumpTaxesPercentDebtWealthyRetiringConsideringNational Debt Author:Chris Hayes
“For a hundred years we have been one of the largest oil-producing countries in the world but with a 60 percent poverty rate and now we are canceling the historical debt.” WorldYearsHas BeensCountryPovertyPercentHundredHistoricalRateDebtOil Author:Hugo Chavez
“If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.” IfsKidsInterestPayCompanyFiveStudentsHigherPercentRaisesRateCreditDebtCardsLoanCredit CardInterest RateStudent LoanCredit Card Debt Author:Suze Orman
“Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.” KnowsRememberInterestPayCasesStudentsLowsPercentRateDebtSecureLoanBankruptcyInterest RateStudent Loan Author:Suze Orman
“If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.” IfsCareThreeSocialPayFiveSecurityStudentsPercentThirdsTwentiesCreditDebtMedicalIncomeCardsThirtyFortyGoodsFifteenSocial SecurityHousingLoanSalaryCredit CardTwenty FivePaychecksMedical CareGoods And ServicesWithholdingStudent LoanCredit Card Debt Author:Michael Hudson
“People are hungry, and they're hurting and they're very, very worried about their children. Will their kids ever pay off their student debt? Will their kids ever get a decent-paying job? I think Democrats have got to be running a grass-roots campaign - mobilizing people and being prepared to take on the 1 percent with an agenda that speaks to the needs of ordinary workers.” PeopleThinkingNeedsChildrenRunningKidsJobsSpeakHurtPayStudentsOrdinaryPercentRootsPreparedDemocratWorkersDebtCampaignsHungryWorriedGrassDecentAgendas Author:Bernie Sanders
“In America, we've set up a system whereby when you take on college debt, you will never have to pay more than 10 percent of your income in repayments. And what that will do is make sure that you will never be prevented from going to school just because of money. We want to make sure that you and others like you can succeed.” WantSchoolAmericaPayCollegeLike YouSucceedPercentDebtIncomeRepayment Author:Barack Obama
“Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.” PeopleEnoughFallResultsGrowingPercentGainsCreditDebtProductivityIncomeCardsRisingGapsTidesCredit CardGdpIndebtedness Author:Philip Kotler
“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
“Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.” KnowsYearsKindPlansEconomicTaxesPercentConsequenceIncludingDebtSpendingBoostNational DebtFederal Spending Author:Karl Rove
“And here's the fact: the fact is it doesn't solve the problem. First of all, if you taxed these people at 100 percent, basically next year you said, 'Look, every penny you make next year the government's going to take it from you,' it still doesn't solve the debt.” PeopleIfsYearsFirstsLooksSaidStillsFactsProblemGovernmentNextPercentSolveDebtNext YearPennies Author:Marco Rubio
“When you look what is happening in this country with the debt, the deficit, the CBO coming out and saying once again we're going to have a trillion dollar plus deficit in 2012, the fourth straight year, and unemployment may be going back up to 8.9 or maybe nine percent by the end of the year, these are serious situations that are going.” YearsLooksMayEndsCountrySituationSeriousHappeningsPercentDollarsDebtNinePlusComing OutFourthUnemploymentDeficit Author:Allen West