“The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs.” HelpingWould BeAmericaRememberPlansFailingCostProgramGratefulDebtGermanyBe GratefulConvincingComprehensiveReductionMarshall Plan Author:George Soros
“I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.” GivingImportantCountryHomeInterestPayEconomySeriousConcernProgramDebtSpendingBillionsPrudentForeign Countries Author:Tim Johnson
“We may casually talk of all sorts of new programs and 'stimulus,' but the vast trillion-dollar collective national debt and rising annual deficits will insidiously hamstring almost everything we plan to do.” MayPlansProgramDollarsDebtRisingCollectivesDeficitStimulusAnnualsNational DebtHamstrings Author:Victor Davis Hanson
“The government can reasonably rely on debt ratings when it forms programs to lend money to buyers of otherwise unattractive debt instruments.” GovernmentFormProgramInstrumentsDebtRelyRatingBuyersUnattractive Author:Seth Klarman
“There is no difference in a country between military, economic, and political affairs. It's useful for Business Insider to divide things that way. That's useful for a college program. But a country is a country. How do you understand China's economy without China's army? If you take these all into account you're ready to explain a question like, "How come the US doesn't have a debt problem?"” IfsWayCountryProblemPoliticalDifferencesEconomyEconomicMilitaryCollegeReadyProgramAccountsArmyAffairChinaDebtDividesInsiders Author:George Friedman
“When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.” PeopleRealFactsRunningWealthRolesEconomicProgramEconomicsDenyDebtJustifyMainstreamHousingJunkTextbooksEconomic SystemsAusterityReal WealthShrinkage Author:Michael Hudson
“Slavery remained in the Deep South by other names - in prison programs with charges over nothing and eternal debt that threatened every African-American in the South right up through World War II. And that was after killing three-quarters of a million people, destroying cities, and creating hostility that exists to this day over the the Confederate flag and the racism it symbolizes, all brewing out of bitterness over a war that didn't have to happen.” PeopleWorldWarHappensThreeNamesCitiesMillionsEternalCreatingRacismProgramSlaveryPrisonSouthKillingDebtAfrican AmericanWar Of The WorldsThis DayBitternessDestroyingQuartersWorld War IiFlagsWorld War IThreatenedHostilityConfederateBrewingConfederate Flag Author:David Swanson
“The money to fund great things and innovations and programs is gone in our lifetime; it's all gone to debt. So we won't be able to solve global warming or have the transportation that we needed for the 21st century. We should be supporting people with great ideas, but it's gone, and now it's gotta be paid back with interest to banks in China.” PeopleShouldIdeasAbleInterestGoneCenturyNeededProgramPaidInnovationLifetimeChinaSolveDebtGreat ThingsGlobal WarmingFund21st CenturyGreat IdeaTransportation Author:Michael Moore
“The debt-ceiling vote isn't about what will be done in the future; it is about the integrity of America's commitment to support the bonds we issue. Elected officials have an obligation to maintain that integrity, regardless of whether they voted for the programs that required the borrowing in the first place.” FirstsDoneAmericaSupportIssuesIntegrityCommitmentProgramVoteDebtObligationOfficialsCeilingsBorrowingElected OfficialsDebt Ceiling Author:John Sununu
“So, is there hope for a truly democratic Africa? Long answer: Only if continent-wide improvements in education, human rights and public health are coupled with an aggressive and far-sighted debt-relief program that breaks the cycle of subsistence farming and urban squalor. Short answer: No.” IfsHumansLongAnswersBreakRightsProgramDemocraticHuman RightsDebtWideImprovementReliefCyclesAggressiveContinentsUrbanFarmingPublic HealthSubsistenceSqualor Author:Jon Stewart
“Amnesty will not help balance our budget ... In fact, a large-scale amnesty is likely to add trillions of dollars to the debt over time, accelerate Medicare's and Social Security's slide into insolvency and put enormous strain on our public-assistance programs.” FactsHelpingSocialSecurityBalanceProgramDollarsAddDebtScalesEnormousImmigrationBudgetsAssistanceStrainSocial SecuritySlidesMedicareImmigration ReformAccelerateLarge ScaleAmnestyInsolvency Author:Jeff Sessions
“With respect to the creation of the program, I introduced the bill in September 1945, immediately after the end of the war with Japan, in August of that year. A number of considerations, of course, entered into my decision to introduce the bill, growing from my own experience as a Rhodes scholar and the experiences our government had had with the first Word War debts, [Herbert] Hoover's efforts in establishing the Belgian-American Education Foundation after World War I, [and] the Boxer Rebellion indemnity.” WorldYearsFirstsWarEndsGovernmentCoursesMy OwnDecisionNumbersEffortGrowingCreationProgramFoundationBillsEducationalDebtWar Of The WorldsConsiderationJapanRebellionScholarWorld War IIntroducingSeptemberAugustBoxersHooverAmerican EducationBelgians Author:J. William Fulbright