Debtors Quotes

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

Yajna having come to us with our birth, we are debtors all our lives, and thus for ever bound to serve the universe. ~ Mahatma Gandhi

In friendship we are all debtors. We all owe each other for a thousand small kindnesses, for little moments of grace in the chaos. ~ Emery Lord

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

As many as two out of every three Europeans who came to the colonies were debtors on arrival: they paid for their passage by becoming indentured servants. ~ Jill Lepore

Also, the world contains a lot of people. The statistics of power-law distributions and the events of the past two centuries agree in telling us that a small number of perpetrators can cause a great deal of damage. If somewhere among the world's six billion people there is a zealot who gets his hands on a stray nuclear bomb, he could single-handedly send the statistics through the roof. But even if he did, we would still need an explanation of why homicide rates fell a hundredfold, why slave markets and debtors' prisons have vanished, and why the Soviets and Americans did not go to war over Cuba, to say nothing of Canada and Spain over flatfish. ~ Steven Pinker

In social life, in the family government, in the Church, and in the State this is an acknowledged and invariable law. The debtor would be incapable of appreciating the clemency which cancelled the debt, so long as he denied either the existence or the justice of the claim. Unconscious of the obligation, he would be insensible to the grace that remitted it. ~ Octavius Winslow

A finer body of men has never been gathered by any nation than the men who have done the work of building the Panama Canal; the conditions under which they have lived and have done their work have been better than in any similar work ever undertaken in the tropics; they have all felt an eager pride in their work; and they have made not only America but the whole world their debtors by what they have accomplished. ~ Theodore Roosevelt

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

I choose faithfulness ... Today I will keep my promises. My debtors will not regret their trust. My associates will not question my word. My wife will not question my love. And my children will never fear that they father will not come home. ~ Max Lucado

Life owes me a living worth living. Yes, Eden regarded life as her debtor, she its relentless paymaster. ~ Fannie Hurst

A small debt produces a debtor; a large one, an enemy. ~ Publilius Syrus

Every novel is a debtor to Homer. ~ Ralph Waldo Emerson

We have decided to lock people up for social deviancy these days. We tell ourselves that we're not running debtors' prisons, that this isn't Dickensian ~ Linda Tirado

Conscience is strong in women. Children are very violently taught that they owe all to their parents, and the parents are not slow in foreclosing the mortgage. But the home is not a debtor's prison - to girls any more than to boys. This enormous claim of parents calls for extermination. Do they in truth do all for their children; do their children owe all to them? Is nothing furnished in the way of safety, sanitation, education, by that larger home, the state? What could these parents do, alone, in never so pleasant a home, without the allied forces of society to maintain that home in peace and prosperity. These lingering vestiges of a patriarchal cult must be left behind. Ancestor-worship has had victims enough. Girls are human creatures as well as boys, and both have duties, imperative duties, quite outside the home. ~ Charlotte Perkins Gilman

Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors. ~ Elizabeth Warren

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

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

Although 'debtor's prison' is illegal in all states, many states use the threat of probation or parole revocation as a debt-collection tool. In fact, in some jurisdictions, individuals may 'choose' to go to jail as a way to reduce their debt burdens, a practice that has been challenged as unconstitutional. Adding to the insanity, many states suspend driving privileges for missed debt payments, a practice that often causes people to lose employment (if they had it) and creates yet another opportunity for jail time: driving with a suspended license. In this regime, many people are thrown back in prison simply because they have been unable - with no place to live, and no decent job - to pay back thousands of dollars of prison-related fees, fines, and child support. ~ Michelle Alexander

OWE, v. To have (and to hold) a debt. The word formerly signified not indebtedness, but possession; it meant "own," and in the minds of debtors there is still a good deal of confusion between assets and liabilities. ~ Ambrose Bierce

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

On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died. ~ Gore Vidal

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

Were a stranger to drop on a sudden into this world, I would show him, as a specimen of its ills, a hospital full of diseases, a prison crowded with malefactors and debtors, a field of battle strewed with carcasses, a fleet foundering in the ocean, a nation languishing under tyranny, famine, or pestilence. To turn the gay side of life to him, and give him a notion of its pleasures; whither should I conduct him? to a ball, to an opera, to court? He might justly think, that I was only showing him a diversity of distress and sorrow. ~ David Hume

I'll bet you want to know how a person like Stocky can be thrown into a debtors' prison, something this country outlawed about two hundred years ago. Right?" Samantha slowly nodded. Mattie continued, "More than likely, you're also certain that throwing someone in jail because he cannot pay a fine or a fee violates the Equal Protection Clause of the Fourteenth Amendment. And, you are no doubt familiar with the 1983 Supreme Court decision, the name escapes me right now, in which the Court ruled that before a person can be thrown in jail for not paying a fine it must be proven that he or she was willfully not paying. In other words, he could pay but he refused. All this and more, right? ~ John Grisham

Get back, you defaulting maggots!" Racso's bellow always made me flinch, each utterance of it scoring the hate I had for him a little deeper. The debtors moved back from the bars as Racso's baton rattled across them, the actual maggots stayed where they were, chewing on the ruins of Artos Mantona's eyeballs with tiny mouths. "Back! ~ Mark Lawrence

Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account. ~ Ludwig Von Mises

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

We are
debtors who cannot pay, yet we have been released from the threat of debtors' prison. It is an insult to God for us to withhold forgiveness and grace from those who ask us, while claiming to be forgiven and saved by grace ourselves. ~ R.C. Sproul

The fellow who eggs you on to avenge yourself will rob you of what you were going to say - as we forgive our debtors . When you have forfeited that, all your sins will be held against you; absolutely nothing is forgiven. ~ Saint Augustine

The Lord's Prayer is found in Matthew 6. In verse 12 Jesus says, "Forgive us our debts, as we forgive our debtors" (NKJV). When God talks about debts, He's not just talking about monetary debts. He's talking about the times when people hurt you, the times when people do you wrong. God refers to that as a debt because when you are mistreated, you may feel you are owed something.
Human nature says, "I was wronged. Now I want justice. You mistreated me. Now you've got to pay me back." But the mistake many people make is in trying to collect a debt that only God can pay. The father can't give his daughter's innocence back to her. Your parents can't pay you back for not having a loving childhood. Your spouse can't pay you back for the pain he caused by being unfaithful. Only God can truly pay you back.
If you want to be restored and whole, get on God's payroll. He knows how to make things right. He knows how to bring justice. He'll give you what you deserve. Leave it up to Him. Quit expecting people to make it up to you. They can't give you what they don't have. ~ Joel Osteen

We have discharged one generation of debtors after another, but we do not find that their numbers lessen. We find only that we forget, when times are good, that times were ever bad. ~ Jill Lepore

Whenever anybody whom we love dies, we discover that although death is commonplace it is terribly original. We may have thought about it all our lives, but if it comes close to us, it is quite a new, strange thing to us, for which we are entirely unprepared. It may, perhaps, not be the bare loss so much as the strength of the bond which is broken that is the surprise, and we are debtors in a way to death for revealing something in us which ordinary life disguises. ~ William Hale White

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

Savers have to be punished so debtors can be saved.

Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.

And why is that important? Because the banking system needs ever more loans in order to survive. ~ Chris Martenson

The respectable folks--
Where dwell they?
They whisper in the oaks,
And they sigh in the hay;
Summer and winter, night and day,
Out on the meadow, there dwell they.
They never die,
Nor snivel nor cry,
Nor ask our pity
With a wet eye.
A sound estate they ever mend,
To every asker readily lend
To the ocean wealth,
To the meadow health,
To Time his length,
To the rocks strength,
To the stars light,
To the weary night,
To the busy day,
To the idle play;
And so their good cheer never ends,
For all are their debtors, and all their friends. ~ Henry David Thoreau

[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

Casey meant it when she said, 'Forgive us for our debts as we forgive our debtors,' because they were for her the hardest words to live by, and by saying them, she hoped they'd become possible. Like Ted, Casey would never discuss her ambivalent views on religion. She was honest enough to admit that her privacy cloaked a fear: the fear of being found out as a hypocrite" (Free Food For Millionaires, p.100-101.) ~ Min Jin Lee

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. ~ George Soros

Forgive Us Our Debts as We Forgive Our Debtors The fifth petition concerns our relationships, both with God and others. Luther, who for years struggled mightily and personally with the issues of guilt and pardon, gives a clarion call to seek God's forgiveness every day in prayer: If anyone insists on his own goodness and despises others . . . let him look into himself when this petition confronts him. He will find he is no better than others and that in the presence of God everyone must duck his head and come into the joy of forgiveness only through the low door of humility.210 ~ Timothy Keller

We can say that true gratitude does not give rise to the debtor's ethic because it gives rise to faith in future grace. With true gratitude there is such a delight in the worth of God's past grace, that we are driven on to experience more and more of it in the future ... it is done by transforming gratitude into faith as it turns from contemplating the pleasures of past grace and starts contemplating the promises of the future. ~ John Piper

Let us not expect too much from our own hearts here below. At our best we shall find in ourselves daily cause for humiliation, and discover that we are needy debtors to mercy and grace every hour. ~ J.C. Ryle

His debtors always assumed he'd demand their firstborn. Like I'm fucking Rumpelstiltskin? What would Lothaire do with countless squalling babes? Raise them in a kennel? ~ Kresley Cole

Creditors have better memories than debtors. ~ Benjamin Franklin

[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

Pile up gold, heap up silver, build covered walks, fill your house with slaves and the town with debtors, unless you lay to rest the passions of the soul, and put a curb on your insatiable desires, and rid yourself of fear and anxiety, you are but pouring out wine for a man in a fever, and giving honey to a man who is bilious, and laying out a sumptuous banquet for people who are suffering from dysentery, ~ Plutarch

Choice: that was the thing. Other people claimed that you can't choose who you love
it just happens!
but Grace and Roman knew that was a bunch of happy horseshit. Of course you chose who you loved. If you didn't choose, you ended up with what was left
the drunks and abusers, the debtors and vacuums, the ones who ate their food too fast or had never read a novel. Damn, marriage was hard work, was manual labor, and unpaid manual labor at that. Yet, year after year, Grace and Roman had pressed their shoulders against the stone and rolled it up the hill together. ~ Sherman Alexie

Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary. ~ Peter Schiff

When the value of money is increased, then those are enriched who at the time possess credit money or claims to credit money. Their enrichment must be paid for by debtors, among them the State (i.e., the tax-payers). Yet those who are enriched by the increase in the value of money are not the same as those who were injured by the depreciation of money in the course of the inflation; and those who must bear the cost of the policy of raising the value of money are not the same as those who benefited by its depreciation. To carry out a deflationary policy is not to do away with the consequences of inflation. You cannot make good an old breach of the law by committing a new one. ~ Ludwig Von Mises

God took the record of all your sins-all your sexual failures-that made you a debtor to wrath, and instead of holding them up in front of your face and using them as the warrant to send you to hell, he put them in the palm of his Son's hand and nailed them to the cross. ~ John Piper

These businessmen, however, desired more than the simple elimination of imprisonment for defaulting debtors. They wanted a bankruptcy law that would abolish the debt itself, as well as imprisonment. With such a law, old misjudgments would not plague their future; indeed, it might unleash creative, if risky, enterprise.[63] ~ Robert J. Rayback

You really struggle to be a successful empire if you are also the world's biggest debtor. ~ Niall Ferguson

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

We are debtors to every man to give him the gospel in the same measure in which we have received it. ~ P.F. Bresee

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

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

THE MORE SHALL WE LOVE
We have to bear in mind that
we are all debtors to the world,
and that the world does not owe us anything.
It is a great privilege for all of us to be
allowed to do anything for the world.
In helping the world we truly help ourselves.
This world will always continue to be

a mixture of good and evil.
Our duty is to help
and sympathize with the weak,
and to love even the wrongdoer.

It is important to always keep in mind
that the world is for us a grand moral gymnasium,
wherein we are all blessed to be able to
take exercise in order to become
stronger and stronger spiritually.

The result of this exercise is that
the more selfless we become,
the more we shall love,
and the better will be our work. ~ Swami Vivekananda

Arguments about debt have been going on for at least five thousand years. For most of human history - at least, the history of states and empires - most human beings have been told that they are debtors.4 Historians, and particularly historians of ideas, have been oddly reluctant to consider the human consequences, especially since this situation - more than any other - has caused continual outrage and resentment. Tell people they are inferior, they are unlikely to be pleased, but this surprisingly rarely leads to armed revolt. Tell people that they are potential equals who have failed and that therefore, even what they do have they do not deserve, that it isn't rightly theirs, and you are much more likely to inspire rage. Certainly ~ David Graeber

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

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

For many people, the mortgages they took out before 2008 are so high that they would be better off walking away from their houses. That is called "jingle mail," returning the keys to the bank and saying, "You can have the house. I can buy the house next door that's just like this for 20% less, so I'm going to save money and switch." That's what someone like Donald Trump or a real estate investor would do. But the banks are trying to convince the mortgage debtors, the homeowners, not to act in their own self-interest. ~ Michael Hudson

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

All men are interdependent. Every nation is an heir of a vast treasury of ideas and labor to which both the living and the dead of all nations have contributed. Whether we realize it or not, each of us lives eternally 'in the red.' We are everlasting debtors to known and unknown men and women. ~ Martin Luther King, Jr.

Let him who desires to be harsh in making demands upon his debtors consider that he is God's debtor. ~ Saint Augustine

I regard the inflation acts as wrong in all ways. Personally I am one of the noble army of debtors, and can stand it if others can. But it is a wretched business. ~ Rutherford B. Hayes

if I care to listen, I hear a loud whisper from the gospel that I did not get what I deserved. I deserved punishment and got forgiveness. I deserved wrath and got love. I deserved debtor's prison and got instead a clean credit history. I deserved stern lectures and crawl-on-your-knees repentance; I got a banquet - Babette's feast - spread for me. ~ Philip Yancey

The borrower is slave to the lender and the debtor to the creditor. ~ Benjamin Franklin

Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times. ~ Rutherford B. Hayes

I made one mistake. Who doesn't? But I despised men who accepted their fate. I shaped mine twenty times and had it broken twenty times in my hands. Of course it left me deformed and unserviceable, defective and dangerous to associate with. ... But what in God's name has happened to charity? ... Self-interest guides me like the next man but not invariably; not all the time. I use compassion more than you do; I have loyalties and I keep by them; I serve honesty in a crooked way, but as best I can; and I don't plague my debtors or even make them aware of their debt. ... Why is it so impossible to trust me? ~ Dorothy Dunnett

A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash. ~ Robert Kiyosaki

A father who is a chronic debtor, an adulterous mother, a beautiful wife, and an unlearned son are enemies in one's own home. ~ Chanakya

There is but one true Giver in the universe; all else are debtors. ~ Philip Yancey

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

Grace finds us beggars but leaves us debtors. ~ Augustus Toplady

Debtors and idlers abounded in the colonial era, but failing in business was not so calamitous as falling from grace... In Early America, fear of failure loomed largest on Sunday. Monday morning dawned about the year 1800. By then, 'failure' meant an entrepreneurial failure. ~ Scott A. Sandage