“A society which believes in a worthwhile future saves in the present so as to invest in the future. Contemporary Western society spends in the present and piles up debts for the future, ravages the environment, and leaves its grandchildren to cope with the results as best they can.” BelieveResultsEnvironmentFutureWesternDebtContemporaryWorthwhileGrandchildrenWestern Society Book:The Gospel in a Pluralist Society: SPCK Classic Source: The Gospel in a Pluralist Society: SPCK Classic
“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.” FirstsBelieveKindTwoDoneChoicesI BelieveResultsEconomyCuttingAchieveTypeTaxesWasteWeaknessEconomicsIncreaseInvestmentDebtPracticalsBudgetsTemporaryTransitionTaxationRevenueDeficitInadequateBoostInertiaTax CutsSurplusUnwanted Author:John F. Kennedy
“In the West, we have become addicted to work. Americans now work the longest hours in the world. And the result is not health, wealth and wisdom, but rather a lot of anxiety, a lot of ill health and a lot of debt.” WorldHoursWealthResultsAnxietyWestIllDebtIll HealthHealth Wealth Book:How to Be Idle: A Loafer's Manifesto Source: How to Be Idle: A Loafer's Manifesto
“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
“Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.” CountryResultsPaySituationEuropeDebtPreservesHatedGermanyMinimumEuroDebtorsRefinance Author:George Soros
“Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.” IfsRealHardBigsResultsMillionsRiskFieldsProductsHard WorkBrokenFineHigherCostPagesDirectAccountsFinancialCreditDebtCardsConsumersFixedPocketsComparisonPrintMore MoneyObscureStimulusMortgageCredit CardPlaying FieldsNational DebtFine PrintChecking Accounts Author:Elizabeth Warren
“Congratulations to Obama! He's now increased the debt more in three years than George W. Bush did his entire eight year presidency. But all that spending was worth it because just look at the great results! So what exactly is the argument that Obama isn't a hugely incompetent failure? So far it's 'Look! Over there! A war on women!'” YearsLooksWarThreeResultsArgumentEightDebtSpendingThree YearsWorth ItPresidencyCongratulationsIncompetentGreat ResultsExactly Is Author:Frank J. Fleming