“Overspending is a very attractive trap. If people like what they're doing, despite the worry of debt, they won't do anything about it.”
Adriane Berg
“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, 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
“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
“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
