“We owe more money than any Nation in the World, and we are LOWERING TAXES. When is the time to pay off a debt if it is not when you are doing well? You let a Politician return home from Washington and announce, 'Boys we lowered your taxes. We had to borrow the money to do it, but we did it.' Say, they would elect him for life.” IfsWorldWellsHomeNationsPayBoysReturnPoliticianTaxesDebtMore Money Author:Will Rogers
“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
“First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.” WayFirstsInterestSecurityObjectsReturnCivilizationClaimsFruitDebtAffectedPaymentPledgeTangibleMortgageRedeemedDepositsCreditors Book:A Short History of English Law: From the Earliest Times to the End of the Year 1919 Source: A Short History of English Law: From the Earliest Times to the End of the Year 1919
“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
“It doesn't worry me a bit that China and Japan hold so much US debt. In a way, it seems foolish for them to do it because they get lower returns than they might elsewhere. But that is their business.” WaySeemsMightBitsWorryReturnChinaDebtFoolishJapanElsewhereChina And Japan Author:Milton Friedman
“Let us return back to the peace process for our children and for their children. The peace of the brave which I have signed is my debt, part in our love for [Isaac] Rabin.” ChildrenProcessReturnOur ChildrenBraveDebtOur LoveIsaacReturn Back Author:Yasser Arafat
“America's fighting men and women sacrifice much to ensure that our great nation stays free. We owe a debt of gratitude to the soldiers that have paid the ultimate price for this cause, as well as for those who are blessed enough to return from the battlefield unscathed.” MenWellsEnoughAmericaFightingNationsCausesLossSacrificeReturnGratitudeMen And WomenUltimatePaidBlessedSoldierDebtBattlefieldsGreat NationsMilitary ServiceDebt Of Gratitude Author:Allen Boyd