Creditors Quotes

When debtors once have borrowed all we have to lend, they are very apt to grow shy of their creditors' company. ~ John Vanbrugh

Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon. ~ Peer Steinbruck

For every letter of creditors, write fifty lines on an extraterrestrial subject and you'll be saved. ~ Charles Baudelaire

Home I would go But that my doors are hateful to my eyes, Fill'd and damm'd up with gaping creditors, Watchful as fowlers when their game will spring. ~ Thomas Otway

There are a set of men who go about making purchases upon credit, and buying estates they have not wherewithal to pay for; and having done this, their next step is to fill the newspapers with paragraphs of the scarcity of money and the necessity of a paper emission, then to have a legal tender under the pretense of supporting its credit, and when out, to depreciate it as fast as they can, get a deal of it for a little price, and cheat their creditors; and this is the concise history of paper money schemes. ~ Thomas Paine

The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus. ~ Peter Schiff

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line. ~ Tyler Cowen

Hamilton used the sinking fund to maintain the confidence of creditors in the government's securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government. ~ Gordon S. Wood

Moreover, an archetype exists in the nation's consciousness that connects student loan debt with irresponsibility. This is a result of well-publicized accounts of loan defaults in decades past in which students took out loans with no intention of ever paying them back and simply filed for bankruptcy after graduation. This perception was sufficiently strong that in the 1970s, Congress was convinced to remove bankruptcy protections from student loans. However, according to a March 2007 paper by John A. E. Pottow of the University of Michigan, this perception had a fatal flaw: "The fatal problem is that there are no empirical data to buttress the myth that students defraud creditors any more than other debtors."1 In fact, it was shown that when student loans were dischargeable in bankruptcy, there was a less than 1 percent bankruptcy rate among student debtors.2 Nevertheless, this misconception has been so often repeated that it is now indelibly etched in the public's mind. ~ Alan Collinge

Some of you, we all know, are poor, find it hard to live, are sometimes, as it were, gasping for breath. I have no doubt that some of you who read this book are unable to pay for all the dinners which you have actually eaten, or for the coats and shoes which are fast wearing or are already worn out, and have come to this page to spend borrowed or stolen time, robbing your creditors of an hour. It is very evident what mean and sneaking lives many of you live, for my sight has been whetted by experience; always on the limits, trying to get into business and trying to get out of debt, a very ancient slough, called by the Latins aes alienum, another's brass, for some of their coins were made of brass; still living, and dying, and buried by this other's brass; always promising to pay, promising to pay, tomorrow, and dying today, insolvent; seeking to curry favor, to get custom, by how many modes, only not state-prison offences; lying, flattering, voting, contracting yourselves into a nutshell of civility or dilating into an atmosphere of thin and vaporous generosity, that you may persuade your neighbor to let you make his shoes, or his hat, or his coat, or his carriage, or import his groceries for him; making yourselves sick, that you may lay up something against a sick day, something to be tucked away in an old chest, or in a stocking behind the plastering, or, more safely, in the brick bank; no matter where, no matter how much or how little. ~ Henry David Thoreau

If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department. ~ Hill Harper

Poker is a shifty game played by shifty characters. Outside the two official card rooms in London, most games take place in illegal spielers with heavy rake money. Debts and revenges are rife, names are changed, multiple passports are not unheard of. The majority of regular players have no interest in advertising their lifestyle, their whereabouts or even their existence to tax inspectors, thieves, neighbours, creditors or old enemies. Television? You'd have to be a complete ice cream. ~ Victoria Coren

When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time. The fact of the matter is that the US is bankrupt. ~ Paul Craig Roberts

The aim of New Deals is to exterminate the class of creditors and thrust all men into that of debtors. It is like trying to breedcattle with all cows and no bulls. ~ H.L. Mencken

There are many who say more than the truth on some occasions, and balance the account with their consciences by saying less than the truth on others. But the fact is that they are in both instances as fraudulant as he would be that exacted more than his due from his debtors, and paid less than their due to his creditors. ~ Charles Caleb Colton

There is a greatness in being generous, and there is only simple justice in satisfying creditors. Generosity is the part of the soul raised above the vulgar. ~ Oliver Goldsmith

Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past. ~ Peter Welch

No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest. ~ Ben Bernanke

It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, "never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith." ~ Thomas Jefferson

The creditors are proving impossible to deal with and short of a sudden appearance on the scene of wealthy art patrons, we are going to be turned out of this dear little house where I led a simple life and was able to work so well. I do not know what will become of us ... ~ Claude Monet

Africa is poor because its investors and its creditors are unspeakably rich. ~ Naomi Klein

It turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank. ~ John George Nicolay

True Christians consider themselves not as satisfying some rigorous creditor, but as discharging a debt of gratitude ~ William Wilberforce

Until 1869, when they were banned, debtors' prisons were the great incinerators of British reputations. Those who were unable to pay their bills were jailed until their creditors were paid - an unlikely event, given that the prisoner was unable to work. ~ Tina Brown

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. ~ Walter E. Williams

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off. ~ Michael Hudson

Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries. ~ Bill Gross

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. ~ Tyler Cowen

The man who avoids debt doesn't have to worry about avoiding his creditors. ~ Evan Esar

[I believe in] the throne ... parliamentary institutions ... private enterprise and individual opinion against the socialization of the state ... equity in the distribution of public burdens and strict maintenance of public faith with the creditors of the state [and] a fresh guarantee of peace by an alliance with France and ... Belgium for the defence of our common interests against unprovoked attack. ~ Austen Chamberlain

As these debts become due, rich creditors will be pitted against poor debtors; private-sector taxpayers against public-sector workers, young workers against the retired, domestic voters against foreign bondholders. It is impossible to forecast who will win each of these battles but one thing seems certain: not all these debts will be paid in full. ~ Philip Coggan

As Capp would remember, his paternal grandfather's early years in the store were characterized by success and expansion - until, that is, he discovered the works of Alexandre Dumas. To that point, he'd read virtually nothing but the Talmud, but he quickly determined that the swashbuckling adventures described in The Count of Monte Cristo, The Three Musketeers, and other Dumas novels were much more exciting. He was hooked. Capp recalled seeing a photograph of his grandfather, cutting quite the figure with his long, Russian-style hair and beard, seated outside his store, reading Dumas rather than waiting on customers. He went out of business, his store purchased by creditors. ~ Denis Kitchen

Indiana taxpayers, retired Hoosier state policemen and teachers are neither greedy speculators nor unpatriotic. They are, however, secured creditors of Chrysler. They deserve to have their funds protected under the full auspices of the law. ~ Richard Mourdock

We only have a Plan A. The acceptance and full implementation of the existing plan, the so-called Plan A, is the best solution for Greece, for the euro zone and also for creditors and holders. ~ Evangelos Venizelos

There is absolutely no shame in living within your income, however small it may be, but there is shame if creditors are always coming to your door. ~ Christine De Pizan

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult. ~ Ludwig Von Mises

Dear Mel:
I trust this finds you recovered. Why did you have to run off like that? But I figured you were safe arrived at home, and well, or Khesot would've sent to me here--since you wouldn't write.

And how was I to pay for sending a letter to Remalna-city? I thought indignantly, then sighed. Of course, I had managed to find enough coin to write to Ara's family, and to obtain through the father the name of a good bookseller. But the first was an obligation, I told myself. And as for the latter, it was merely the start of the education that Branaric had blabbed to the world that I lacked.

I'm here at Athanarel, finding it to my taste. It helps that Galdran's personal fortune has been turned over to us, as repayment for what happened to our family--you'll find the Letter of Intent in with this letter, to be kept somewhere safe. Henceforth, you send your creditors for drafts on Arclor House…

I looked up at the ceiling as the words slowly sank in. "Personal fortune"? How much was that? Whatever it was, it had to be a vast improvement over our present circumstances. I grinned, thinking how I had agonized over which book to choose from the bookseller's list. Now I could order them all. I could even hire my own scribe…
Shaking my head, I banished the dreams of avarice, and returned to the letter--not that much remained.

…so, outfit yourself in whatever you want, appoint someone responsible as steward, and join me here at Athana ~ Sherwood Smith

The most trifling actions that affect a man's credit are to be regarded. The sound of your hammer at five in the morning, or at nine at night, heard by a creditor, makes him easy six months longer; but if he sees you at the billiard-table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day. ~ Benjamin Franklin

One thing I've learned about grief: it's like a creditor's bill. You can put off paying, but it eventually falls due, and exacts usurious interest. ~ Rachel Hartman

If we lose the war, our creditors - mainly Americans - will go bankrupt. And if we win, we'll make the Germans pay. 'Reparations' is the word they use." "How will they manage it?" "They will starve. But nobody cares what happens to the losers. Anyway, the Germans did the same to the French in 1871." He stood up and put his cup in the kitchen sink. "So you see why we can't make peace with Germany. Who then would pay the bill?" Ethel was aghast. "And so we have to keep sending boys to die in the trenches. Because we can't pay the bill. Poor Billy. What a wicked world we live in." "But ~ Ken Follett

I've proved my point. I've demonstrated there's no difference between me and everyone else! All it takes is one bad day to reduce the sanest man alive to lunacy. That's how far the world is from where I am. Just one bad day. You had a bad day once, am I right? I know I am. I can tell. You had a bad day and everything changed. Why else would you dress up as a flying rat? You had a bad day, and it drove you as crazy as everybody else... Only you won't admit it! You have to keep pretending that life makes sense, that there's some point to all this struggling! God you make me want to puke. I mean, what is it with you? What made you what you are? Girlfriend killed by the mob, maybe? Brother carved up by some mugger? Something like that, I bet. Something like that... Something like that happened to me, you know. I... I'm not exactly sure what it was. Sometimes I remember it one way, sometimes another... If I'm going to have a past, I prefer it to be multiple choice! Ha ha ha! But my point is... My point is, I went crazy. When I saw what a black, awful joke the world was, I went crazy as a coot! I admit it! Why can't you? I mean, you're not unintelligent! You must see the reality of the situation. Do you know how many times we've come close to world war three over a flock of geese on a computer screen? Do you know what triggered the last world war? An argument over how many telegraph poles Germany owed its war debt creditors! Telegraph poles! Ha ha ha ha HA! It's all a joke! Everyth ~ Alan Moore

Cash flows from operating activities are the cash effects
of revenue and expense transactions that are included in the income statement.
4
Cash flows
from investing activities are the cash effects of purchasing and selling assets, such as land and
buildings. Cash flows from financing activities are the cash effects of the owners investing in
the company and creditors loaning money to the company and the repayment of either or both. ~ Williams

Religious Jews are protected from serving creditors. One of the 613 mitzvah is not to borrow with interest (Deuteronomy 23:20). Unwise borrowing puts you in a position of servitude (Proverbs 22:7). Much ~ H.W. Charles

Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations. ~ Paul Singer

Some of the craftiest scoundrels that ever walked this earth ... will gravely jot down in diaries the events of every day, and keep a regular debtor and creditor account with heaven, which shall always show a floating balance in their own favour. ~ Charles Dickens

Ah! That must be Aunt Augusta. Only relatives, or creditors, ever ring in that Wagnerian manner. ~ Oscar Wilde

Lip-chewed debtors rich in excuses; heard-it-all creditors tightening nooses; prisoners haunted by happier lives and ageing rakes by other men's wives; skeletal tutors goaded to fits; firemen-turned-looters when occasion permits; tongue-tied witnesses; purchased judges; mothers-in-law nurturing briars and grudges; apothecaries grinding powders with mortars; palanquins carrying not-yet-wed daughters; silent nuns; nine-year-old whores; the once-were-beautiful gnawed by sores; ~ David Mitchell

solve the nation's debt crisis. The task was daunting. The country had been living on expedients since 1775; the Continental Congress had more creditors than any other regime in the world and no means of payment.When Hamilton totaled how much the country owed, it was staggering: foreign debt alone amounted to $11 million, plus $1.6 million in interest. ~ George C. Daughan

There is no class of people in the world, who have such good memories as creditors. ~ P.T. Barnum

Congress is responsible for everything and unable to do anything, hated by the public creditors, insulted by the soldiers and unsupported by the citizens. ~ Benjamin Hawkins

[T]he most common and durable source of factions has been the various and unequal distribution of property. Those who hold and those who are without property have ever formed distinct interests in society. Those who are creditors, and those who are debtors, fall under a like discrimination. A landed interest, a manufacturing interest, a mercantile interest, a moneyed interest, with many lesser interests, grow up of necessity in civilized nations, and divide them into different classes, actuated by different sentiments and views. ~ James Madison

Once you deposit that money in your checking account, it becomes the bank's money and you're just another one of their creditors. ~ Kenneth Eade

Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency. ~ Jean Chatzky

You must not imagine that Papa or I have the least notion of compelling you to marry anyone whom you hold in aversion, for I am sure that such a thing would be quite shocking! And Charles would not do so either, would you, dear Charles?"(Elizabeth Ombersley)
"No, certainly not. But neither would I consent to her marriage with any such frippery fellow as Augustus Fawnhope!"
"Augustus," announced Cecilia, putting up her chin, "will be remembered long after you have sunk into oblivion!"
"By his creditors? I don't doubt it. ~ Georgette Heyer

The words lex monetae are really just a polite Latin way of saying, Suck it, creditors. ~ John Lanchester

To make ourselves invisible to creditors or to the envious, and even to our own worries, we can take advantage here on earth of a great democratic institution-in fact, democracy's only success-the night. ~ Jean Giraudoux

Back in 2008, unable to come to terms with its many creditors, Vallejo had declared bankruptcy. Eighty percent of the city's budget - and the lion's share of the claims that had thrown it into bankruptcy - were wrapped up in the pay and benefits of public safety workers. Relations between the police and the firefighters, on the one hand, and the citizens, on the other, were at historic lows. The public safety workers thought that the city was out to screw them on their contracts; the citizenry thought that the public safety workers were using fear as a tool to extort money from them. The local joke was that "P.D." stands for "Pay or Die." The city council meetings had become exercises in outrage: at one, a citizen arrived and tossed a severed pig's head onto the floor. ~ Michael Lewis

Oh, life would be all right if we didn't have to put up with these damned creditors who keep pestering us with the demands of their ideals. ~ Henrik Ibsen

Creditors have better memories than debtors. ~ Benjamin Franklin

There are philanthropists who, incapable of managing their own little affairs, take upon themselves those of the whole world; but as their creditors always outnumber their disciples, they owe humanity more than she will ever owe them. ~ Jean Antoine Petit-Senn

Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance. ~ Joseph B. Wirthlin

[I]f you happen to have any money, lock it up quickly; if you happen to have any jewels, hide them directly; if you happen to have any debtors, make them pay you, or any creditors, don't pay them. ~ Alexandre Dumas

Egypt, too, learned to respect the long arm of British capitalism. During the nineteenth century, French and British investors lent huge sums to the rulers of Egypt, first in order to finance the Suez Canal project, and later to fund far less successful enterprises. Egyptian debt swelled, and European creditors increasingly meddled in Egyptian affairs. In 1881 Egyptian nationalists had had enough and rebelled. They declared a unilateral abrogation of all foreign debt. Queen Victoria was not amused. A year later she dispatched her army and navy to the Nile and Egypt remained a British protectorate until after World War Two. ~ Yuval Noah Harari

They barely have time to fend off calls from angry creditors, let alone write letters to Congress. And most are profoundly, desperately ashamed of their situation. For many, the decision to file for bankruptcy proves to be the darkest secret of their entire lives. Politically speaking, they are almost invisible. And yet these families were up against what was already one of the best-organized, best-funded lobbies in America. (It would get even better organized and better funded in the years to come.) ~ Elizabeth Warren

Rules of living
Don't worry, eat three square meals a day,say your prayers, be courteous to your creditors, keep your digestion good,steer clear of biliousness,exercise, go slow and go easy. May be there are other things that your special case requires to make you happy, but my friend, these, i reckon, will give you a good life. ~ Abraham Lincoln

Japan is the largest creditor country in the world, so we have made contributions to the stability of international markets and we want this IMF meeting to confirm that we will continue to contribute. ~ Yoshihiko Noda

Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look around. ~ Johann Wolfgang Von Goethe

Let honesty and industry be thy constant companions, and spend one penny less than thy clear gains; then shall thy pocket begin to thrive; creditors will not insult, nor want oppress, nor hungerness bite, nor nakedness freeze thee ~ Benjamin Franklin

We owe the government taxes. We owe our creditors interest. What do these powers owe us? ~ Anna Deavere Smith

In a move that will remain in Irish annals as a stigma comparable to the potato famine, the Dublin government succumbed to ECB blackmail: make the German creditors of Ireland's commercial banks whole, even a bank that was closed down and thus no longer systemically important for Ireland's financial sector, or else. ~ Yanis Varoufakis

But there are nevertheless three conclusions that seem to follow from our critical examination of the possibilities of inflationary policy. In the first place, all the aims of inflationism can be secured by other sorts of intervention in economic affairs, and secured better, and without undesirable incidental effects. If it is desired to relieve debtors, moratoria may be declared or the obligation to repay loans may be removed altogether; if it is desired to encourage exportation, export premiums may be granted; if it is desired to render importation more difficult, simple prohibition may be resorted to, or import duties levied. All these measures permit discrimination between classes of people, branches of production, and districts, and this is impossible for an inflationary policy. Inflation benefits all debtors, including the rich, and injures all creditors, including the poor; adjustment of the burden of debts by special legislation allows of differentiation. Inflation encourages the exportation of all commodities and hinders all importation; premiums, duties, and prohibitions can be employed discriminatorily. ~ Ludwig Von Mises

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk." ~ Gary H. Stern

Today the man who has the courage to build himself a house constructs a meeting place for the people who will descend upon him on foot, by car, or by telephone. Employees of the gas, the electric, and the water- works will arrive; agents from life and fire insurance companies; building inspectors, collectors of radio tax; mortgage creditors and rent assessors who tax you for living in your own home. ~ Ernst Junger

When human beings give their heartfelt allegiance to and worship that which is not God, they progressively cease to reflect the image of God. One of the primary laws of human life is that you become like what you worship; what's more, you reflect what you worship not only to the object itself but also outward to the world around. Those who worship money increasingly define themselves in terms of it and increasingly treat other people as creditors, debtors, partners, or customers rather than as human beings. Those who worship sex define themselves in terms of it (their preferences, their practices, their past histories) and increasingly treat other people as actual or potential sex objects. Those who worship power define themselves in terms of it and treat other people as either collaborators, competitors, or pawns. These and many other forms of idolatry combine in a thousand ways, all of them damaging to the image-bearing quality of the people concerned and of those whose lives they touch. ~ N.T. Wright

Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of 'the debt trap' as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker's interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing 'bail-outs' to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, 'over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center'. 'What a peculiar world', sighs Stiglitz, 'in which the poor countries are in effect subsidizing the richest. ~ David Harvey

If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'. ~ George Bernard Shaw

The creditor hath a better memory than the debtor. ~ James Howell

The poor man who takes property by force is called a thief, but the creditor who can by legislation make a debtor pay a dollar twice as large as he borrowed is lauded as the friend of a sound currency. The man who wants the people to destroy the Government is an anarchist, but the man who wants the Government to destroy the people is a patriot. ~ William Jennings Bryan

Be modest in your wants ... There is nothing that will cause greater tensions in marriage than grinding debt, which will make of you a slave to your creditors. ~ Gordon B. Hinckley

Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries. ~ Kenneth Clarke

relationships between debtors and creditors brokered or 'intermediated' by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management. ~ Niall Ferguson

The guys I owed were serious people. I was so busy raising cash; I barely had time to ignore my creditors. ~ Billy O'Connor

We [US government] have used our taxpayer dollars not only to subsidize these banks but also to subsidize the creditors of those banks and the equity holders in those banks. We could have talked about forcing those investors to take some serious hits on their risky dealings. The idea that taxpayer dollars go in first rather than last - after the equity has been used up - is shocking. ~ Elizabeth Warren

Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest. ~ Mark Kirk

The difference between the past and the present is that individual freedom and security no longer fall to be protected solely through the D vehicle of common-law maxims and presumptions which may be altered or repealed by statute, but are now protected by entrenched constitutional provisions which neither the Legislature nor the Executive may abridge. It would accordingly be improper for us to hold constitutional a system which, as Sachs J has noted, confers on creditors the power to consign the person of an impecunious debtor to prison at will and without the interposition at the crucial time of a judicial officer. ~ Pius Langa

I generally find,' Clent murmured after a pause, 'that it is best to treat borrowed time the same way as borrowed money. Spend it with panache, and try to be somewhere else when it runs out.'
'And when we get found, Mr. Clent, when the creditors and bailiffs come after us and it's payment time ... '
' ... then we borrow more, madam, at a higher interest. We embark on a wilder gamble, make a bigger promise, tell a braver story, devise a more intricate lie, sell the hides of imaginary dragons to desperate men, climb to even higher and more precarious ground ... and later, of course, our fall and catastrophe will be all the worse, but later will be our watchword, Mosca. We have nothing else - but we can at least make later later. ~ Frances Hardinge

I strongly support liquidating the corporation that is the Federal
Reserve and returning to a monetary system based on a marketproduced
precious metal, like gold, which is represented by a currency
printed and managed by the U.S. Treasury Department as stipulated
by our Constitution. The assets currently owned by the Fed should
be liquidated and parceled out on a pro-rata basis to its creditors. All we need is the will. ~ Ziad K. Abdelnour

Ah, fortune and fame shall follow me ... and I shall dwell in the world of the chosen for a few moments of fleeting ecstasy; ere the seven burly lads turn into creditors and hustle me off to debtors' prison at last. ~ Hunter S. Thompson

A sleep without dreams, after a rough day of toil, is what we covet most; and yet
How clay shrinks back from more quiescent clay!
The very Suicide that pays his debt at once without installments
(an old way of paying debts, which creditors regret)
Lets out impatiently his rushing breath, less from disgust of life than dread of death. ~ Lord Byron

To withhold deserved praise lest it should make its object conceited is as dishonest as to withhold payment of a just debt lest your creditor should spend the money badly. ~ George Bernard Shaw

I did note this, and set it down as yet one more of life's injustices: that the man who has been wealthy is dunned more civilly than the fellow who has ever been poor. My creditors would come to me most graciously, diffident, if not downright apologetic, for asking what was theirs. It was as if I would be doing them a great, unlooked for kindness if only I would pay them a trifling sum on my outstanding debts. I would give them tea, and polite conversation, and, even when my answer to their just entreaty had to be a regretful, "Nothing, sir, " my mortification was always entirely self-inflicted, for their civility never failed ~ Geraldine Brooks

Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions. ~ Ambrose Bierce