Debt Ceiling Quotes

Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up. ~ Jay Carney

The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills. ~ Peter Schiff

The only way you can raise the debt ceiling is to change the trajectory of spending - that's my personal preference. But I want the Ways and Means Committee to offer up a solution. ~ Jason Chaffetz

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem. ~ Mark Zandi

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. ~ Peter Welch

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse. ~ Mike Lee

Bless his heart, I have respect for Mitt Romney, but I do not have respect for what he has done through this debt increase debate. He waited until it was a done deal that we would increase the debt ceiling and more money would be spent, more money would be borrowed and spent on bigger government, and then he came out and made a statement that he didn't like the deal after all. You can't defer an issue and assume that the problem is then going to be avoided. ~ Sarah Palin

Hikes in the debt ceiling - without any political demands from the opposition party - had been routine until President Obama took office. ~ Juan Williams

Obama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected. ~ Grover Norquist

First they didn't believe in evolution. Then they didn't believe in global warming. Now the debt ceiling. What I call 'the moron trifecta.' ~ Bill Maher

It's a shame that the president doesn't embrace the effort to reduce spending. None of us like using situations like the sequester or the debt ceiling or the operation of government to try to engage the president to deal with this. ~ Mitch McConnell

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument. ~ Eliot Spitzer

A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn't do it. ~ Ted Cruz

The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one. ~ James Surowiecki

The debt ceiling debacle is almost a horrible metaphor: It's as if a bomb went off at 800 Pennsylvania Avenue and sent shrapnel flying in every direction. I don't know what these guys think they're doing, but it looks like they're committing political suicide. ~ Charlie Cook

The American people are fed up ... with political posturing.' True, but also an example of political posturing. ~ James Taranto

I think what's important to understand is if the United States hits the debt ceiling and is unable to pay its debts, the consequences will be immediate and dramatic. ~ Kenneth Chenault

If I was in Congress, I would not vote to raise the debt ceiling. ~ Sean Hannity

We would be somewhat foolish to work out something on stopping us from going over the cliff and then a month or six weeks later Republicans pull the same game they did before and say, 'We're not going to do anything - unless this happens, we're not going to agree to increasing the debt ceiling.' I agree with the president, it has to be a package deal. ~ Harry Reid

I would be embarrassed to tell you how many folks ran saying that they weren't going to spend a bunch of money, they weren't going to raise the debt ceiling, and then they went to Washington, D.C., and did exactly that. ~ Mick Mulvaney

Our real debt ceiling isn't decided by Washington; it's decided by Beijing. ~ David Burge

America pays its bills. It always has. It always will. The fact that Washington is now debating whether to honor its debts and obligations, then, should come as a surprise. But playing political football with a necessary vote to raise the nation's debt ceiling has become as predictable as a Twitter rant from Charlie Sheen. ~ Peter Welch

It's not about what the speaker wants. It's not about necessarily what I want. There's two other principles involved here. It's what the constituents in my district want, and they didn't want to raise the debt ceiling unless there were significant structural reforms and spending cuts to help us balance our budget. ~ Tim Huelskamp

The debate we won't be having is whether or not the debt ceiling should be raised. We will not have a situation where people will hold the American economy hostage in order to achieve a specific agenda - at least not until 2013. So we think that is incredibly important as a matter of economic good. ~ Jay Carney

When you don't have as much debt as we do, we don't have to worry about having this debt ceiling fight every single year. And I really think people are getting sick of having this news cycle every single year from Congress, from the Washington bubble. ~ Katie Pavlich

You watch television and see what's going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing's going to get fixed until the President himself steps up and wrangles both parties in Congress. ~ Steve Wynn

I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It's a form of taxation without representation. I don't think we can do that. ~ Mike Lee

I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are. ~ Alan Greenspan

Here's the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn't reached. ~ Andrew Ross Sorkin

When President Obama asked Congress to raise the debt ceiling $2 trillion and offered sequestration as an offset, I opposed it. I did not believe we should put the country $2 trillion deeper in debt and impose irresponsible massive cuts to our national security. ~ Mike Turner

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. ~ John Sununu

There was no avoiding the fact that we were going to hit our debt ceiling. ~ Bill Johnson

When President Obama was in the Senate, when he was a U.S. senator, he voted against raising the debt ceiling. And he said it was a lack of leadership that had brought us to this point. ~ Cathy McMorris Rodgers

The books in his own dwelling were the only books that Jonas had ever seen. He had never known that other books existed. But this room's walls were completely covered by bookcases, filled, which reached to the ceiling. There must have been hundreds - perhaps thousands - of books, their titles embossed in shiny letters. Jonas stared at them. He couldn't imagine what the thousands of pages contained. ~ Lois Lowry

The whole island was exactly what a kid growing up in some trailer park
say some dump like Tecumseh Lake, Georgia
would dream about. This kid would turn out all the lights in the trailer while her mom was at work. She'd lie down flat on her back, on the matted-down orange shag carpet in the living room. The carpet smelling like somebody stepped in a dog pile. The orange melted black in spots from cigarette burns. The ceiling was water-stained. she'd fold her arms across her chest, and she could picture life in this kind of place. It would be that time
late at night
when your ears reach out for any sound. When you can see more with your eyes closed than open. The fish skeleton. From the first time she held a crayon, that's what she'd draw. ~ Chuck Palahniuk

Among my friends love is a payment. It is an old debt for a borrowing foolishly spent. ~ William Dunbar

A random crack in the old plaster in the corner behind her seemed to grow, until it curled its way across the ceiling, circled the frosted chandelier, and swirled its way back down. It looked like a heart. A giant, looping, girly heart had just appeared in the cracking plaster of her bedroom ceiling.
"Lena."
"Yeah?"
"Is your ceiling about to fall in on our heads?"
She turned and looked at the crack. When she saw it, she bit her lip, and her cheeks turned pink. "I don't think so. It's just a crack in the plaster."
"Were you trying to do that?"
"No." A creeping pink spread across her nose and cheeks. She looked away. ~ Kami Garcia

The sum which two married people owe to one another defies calculation. It is an infinite debt, which can only be discharged through all eternity. ~ Johann Wolfgang Von Goethe

I don't have anything to pay you with now," Blake said, turning toward Chaos. "But just tell me how much, and I'll make sure this debt is paid."
Chaos shrugged. "Dude, I owe Beckett. Just let him know."
Blake nodded and stood. Of course. Everyone owes Beckett something. ~ Debra Anastasia

What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? ~ Adam Smith

The debts we owe ourselves are the hardest to pay. ~ George Meredith

I'm telling you right now I could make him pop an aneurysm and no one would know. (Nero)
Doesn't that kind of murder bother you at all? (Alix)
Given everything people have done to me in my life, little girl, especially in my childhood when I was helpless against them, humanity is lucky I'm not on a perpetual killing spree. As for the Merjacks ... I owe them a debt that no amount of violence on my part will settle. So, no. Nothing about killing him would bother me. (Nero) ~ Sherrilyn Kenyon

I came from a working-class family, but I was supported by a grant system and had my fees paid, so I came out of Oxford with a debt of something like £200. ~ Val McDermid

When you see something special, something inspired, you realise the debt we owe great curators and their unforgettable shows - literally unforgettable because you remember every picture, every wall and every juxtaposition. ~ Charles Saatchi

I've been broke, and I've been in debt, and broke is better. ~ Gary Reilly

Manchester United and Liverpool have been bought with huge leverage, and we've got Roman Abramovich at Chelsea who can turn his loans into shares. It is really important for the Premier League to ask itself: if a club is being bought on such a mountain of debt, isn't that a possible recipe for disaster for the future? ~ Gordon Taylor

It is tough being patient when you are more than a half million dollars in debt. ~ Peter Menzel

You run off when things get a little more complicated than you'd like, and leave us to cover your tracks so the whole valley doesn't find out that Hytanica bloody lost its King-meanwhile, the Cokyrians are infiltrating our lands to the north, so it becomes entirely possible that you've walked right into their camp. We have men out there still searching for you,men who should be helping to barricade the northern border-to make sure that in a week you still have a kingdom to rule. And you have the gall to strut in here and be an ass! I swear, Steldo, if we didn't need someone to sit on that throne, I'd dispatch you with my own hands!"
The two erstwhile companions stared at each other, Galen challenging Steldor to respond, and Steldor too staggered to do so.Eventually,the sergeant threw his hands in the air and marched into his office,slamming the door behind him.
In the silence that followed Galen's departure, I came to appreciate the true meaning of the word awkward. Steldor did not rise to his feet, and his eyes were glazed. I felt un-needed,but there was no way for me to make a polished exit. The Palace Gaurds,bound by duty to remaind, searched the walls, the floor, the ceiling, for anything plausible in which to show an interest, not wanting to be caught gawking at their King. ~ Cayla Kluver

Apartment stacked to the ceiling with newspapers, we call him crazy. If a woman has a trailer house full of cats, we call her nuts. But when people pathologically hoard so much cash that they impoverish the entire nation, we put them on the cover of Fortune magazine and pretend that they are role models. ~ Lester B. Pearson

The age is dull and mean. Men creep, Not walk; with blood too pale and tame To pay the debt they owe to shame; Buy cheap, sell dear; eat. drink, and sleep down-pillowed, deaf to moaning want; Pay tithes for soul-insurance; keep Six days to Mammon, one to Cant ~ John Greenleaf Whittier

Hey, and the rock star is here too! How you doing, son?"
"Hey, Mr. Rossi. Thanks for having me today. I'm doing great. How have you been?" I answered.
He lowered his gaze and stepped closer to me. "Good, good, son. I'm sure glad that everything was settled and you didn't have anything to do with hurting our Gracie. Lea told me that you were the one to help her when that son of a bitch got his hands on her. We're forever in your debt, Shane. I knew you couldn't have hurt her." He slid in front of the dining room chair at the head of the table, and sat down, leaning back with his arms folded across his chest. A serious expression crossed his features, "So did anybody get the son of a bitch, yet? Or am I going to have to make some calls ... " Holy shit, it's like the Godfather. ~ Christine Zolendz

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. ~ Michael Hudson

Although you have so far demonstrated little faith in my ability to pay, I yet hope to demonstrate that I am somebody who pays his debts-for example, to you. ~ Friedrich Nietzsche

To tell a great story, you really do have to step through the box that the world has put around you; you have to see it. You have to see what the world has defined you as. And you have to refute it in language that the world will understand ... Repay the debt that kept you alive, you will make an art and you will take a leap. And, oh God, I hope you get all the way over to the other side. Because some of us don't. ~ Dorothy Allison

There was a profound silence, abruptly broken by an enormously loud rumble from George's stomach. Plaster didn't actually fall from the ceiling, but it was close. ~ Jonathan Stroud

There was a pause. "I thought - I thought you were going to try to open the gate. Not that I want to push you, but ... I don't know, I think it's the right thing to do."
I scowled up at the ceiling, picking at the rug under my fingers. "Well, yeah, it probably is, but is pisses me off that they're just assuming I will."
Lend laughed, the sound making some of the tension in my shoulders relax. "Yeah, that's paranormals for you. Always bossing people around. Prophecies this, prophecies that."
"And do any of their prophecies say please? No, not a single one. ~ Kiersten White

So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful. ~ John Perkins

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt. ~ Barack Obama

If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that. ~ William J. Clinton

Wait," he said slowly. "So, they were, uh, preoccupied long enough to allow for a flood that made their bathtub collapse through the ceiling?"
"It appears that way."
"That's some serious stamina," Jonah murmured under his breath. ~ Kimberly Kincaid

I recall a most ingenious piece in a Wisconsin quarterly some years ago in which 'The Recognitions' ' debt to 'Ulysses' was established in such minute detail I was doubtful of my own firm recollection of never having read 'Ulysses. ~ William Gaddis

One of the greatest disservices you can do a man is to lend him money that he can't pay back. ~ Jesse H. Jones

I try never to worry in general. Worry is interest paid in advance on a debt that never comes due. ~ Kevin Smith

In the mid-1980s, the ratio of debt to personal disposable income for American households was 65 percent. During the next two decades, U.S. household leverage more than doubled, reaching an all-time high of 133 percent in 2007. ~ Katherine Porter

Anticipated rents, and bills unpaid,
Force many a shining youth into the shade,
Not to redeem his time, but his estate,
And play the fool, but at the cheaper rate. ~ William Cowper

You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.' ~ Harold Ford, Jr.

The best way to get out of debt is not to seek to get out of debt, but to seek to create wealth ~ David Mitchell

If you force me to pay a debt that is not mine, let me thank you in the afterlife ~ Miguel El Portugues

It is a well-known fact that in countries in which the national debt is properly funded, and an object of established confidence, it answers most of the purposes of money. Transfers of stock, or public debt, are there equivalent to payments in specie; or, in other words, stock, in the principal transactions of business, passes current as specie. The same thing would, in all probability, happen here, under the like circumstances. ~ Alexander Hamilton

Never gamble with other people's money," he said to me the next day, as if I should have known it. "If you lose, you'll be in debt to them. If you win, you'll feel you're owed something, but it's their choice whether to share the winnings with you - and how much. It's a position no woman should put herself in. ~ Allegra Huston

1. Investors give fund managers money at the wrong time. Now that you've had some time to read this book and understand the importance of buying stocks during fear cycles and holding during greed cycles, this first indicator should make sense. To understand this principle, imagine that you're the fund manager of a $100 billion investment fund. When the stock market crashes and you're able to purchase severely undervalued businesses with minimal debt, not only do you lack funds to invest, but all your resources are being depleted by scared investors. Instead of receiving money to buy the great deals, your investors are selling their shares in the fund and you don't have the capacity to take advantage of the market behavior. This reason alone severely handicaps fund managers as they attempt to beat the market. ~ Preston G. Pysh

I-" said Nick, his voice halting. "I don't mind it as much when - when people touch me. Some people."
Mae looked down, and Nick, who looked more relaxed when he'd been stabbed, slowly lifted his hand from his chest and laid it on the tumbled sheets between them, fingers half-curled into his palm. He was still regarding the ceiling with a fixed glare.
"Because you trust them not to hurt you?" Mae asked tentatively.
"No," Nick said, his voice harsh. "Because I'd let them hurt me. ~ Sarah Rees Brennan

Making her happy was his vocation. Sure, he loved making money, thrived on it sometimes. The chase was his adrenalin. Being top dog, another high. Even when it brought headache after another. But his girl's being happy with everything they both could possibly need? Rider had no ceiling on what he wouldn't do for Zara and Harper. ~ V. Theia

They must first judge themselves, that presume to censure others: And such will not be apt to overshoot the Mark. We are too ready to retaliate, rather than forgive, or gain by Love and Information. And yet we could hurt no Man that we believe loves us. Let us then try what Love will do: For if Men did once see we Love them, we should soon find they would not harm us. Force may subdue, but Love gains: And he that forgives first, wins the [Laurel]. If I am even with my Enemy, the Debt is paid; but if I forgive it, I oblige him for ever. [From Fruits of Solitude, 1693] ~ William Penn

His mind filled with visions of a decadent kleptocracy in rapid decline, abetted by both political parties. America's masses, fed on processed poison bought with a food stamp swipe card. Low-skill workers, structurally unable to ever contribute again and too dumb to know their old jobs weren't coming back. The banks in Gotham leaching the last drops of wealth out of the country. Corporations unrestrained by any notion of national interest. The system of property law in shambles. The world drowning in debt. ~ George Packer