“Credit card debt is almost always bad. At the very least, make sure that the amount of credit card debt you have is less this year than last.”
James Kibler
“Typically, students slide into debt through the extension (by credit card companies) of unaffordable credit lines.”
Robert Manning
“I see very little other sources of financial catastrophe than credit-card debt,”
Elissa Buie
“We've seen a sea change, a real shift over the past generation from a system where less than half of students left with debt and now two-thirds leave with debt. Now, it's become the norm to leave with debt -- and often with a lot of debt.”
Robert Shireman
“I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”
Thomas Jefferson
“I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other”
James Madison
“Bad debt is debt that is used to enhance consumption.”
Gary Schatsky
