“If your outgo exceeds your income, your upkeep becomes your downfall.”
"Debt is related to greed. It becomes the opposite of giving. Debt is exhausting the future to fill the present. Giving is empting the present to fill up the future.”
“The wicked borrows and does not repay, but the honorable shows mercy and gives.”
“You shall lend to many nations, but you shall not borrow.”
“The rich rule over the poor, and the borrower is servant to the lender.”
“Asset values rise and fall, but the debt total remains the same.”
“A person in debt
is the definition of a slave” (the same is true for nations).
“Debt is the curse of slavery of the free.”
“Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and to corrupt the people.”
“A national debt, if it is not excessive, will be to us a national blessing … yet excessive, a national catastrophe.”
“A small debt produces a debtor; a large one, a terrible enemy.”
: The above are only a few meaningful quotes that could be food for New Year resolutions for individuals, entities and governments for the coming days and years.
In light of this topic becoming white hot, we are recording them to remind ourselves (and any readers) how the simple things still continue to confound the wise. And, that the subject, consequences and principles of debt
have not changed since the beginning, and they never will.