“With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect... a small movement can tip the boat.”
Bill Gross
“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
“Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people”
Wendell Phillips
“Solvency is maintained by means of a national debt, on the principle, ''If you will not lend me the money, how can I pay you?”
Ralph Waldo Emerson
“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
“Enron got in trouble with too much debt. Investors and analysts didn't realize how much debt they had because it was hidden.”
Mike Barbis
“Bad debt is debt that is used to enhance consumption.”
Gary Schatsky
