Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
When I was a youngster growing up in South Dakota, we never referred to the national debt, it was always referred to as the war debt because it stemmed from World War I.
In the days when money was backed by its face value in silver or gold, there were limits to how much wealth could flow around the world. Today, it's virtual money that the bank lends into existence on a computer screen. "And unless the economy contin...
There are four things in this life of which we have more than we think: faults, debts, years and enemies.
My limits will be better marked. Both the limits I will set, and my own limits.
Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending
Look, the president is elected to lead and to face the country's biggest challenges. The country's biggest challenge domestically speaking, no doubt about it, is a debt crisis, and I'm really hoping that he is going to give us a budget that tackles t...
What made Jesus' death uncommon, unusual? It was the dying of the just for the unjust. It was His sacrificial dying, His vicarious dying. He paid a debt He did not owe in behalf of the others too deeply in debt ever to pay.
Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take res...
This country owes them all a debt of gratitude. The down payment on that debt is making sure that we live up to Lincoln's charge: to care for him who shall have borne the battle, and for his widow, and his orphan.
Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt.
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.
The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trap...
All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the t...
First and foremost, they had the curses of the country: and Sir Murtagh Rackrent, the new heir, in the next place, on account of this affront to the body, refused to pay a shilling of the debts, in which he was countenanced by all the best gentlemen ...
In 1987 Senator Jesse Helms, stated "it is no secret that the international bankers profiteer form sovereign state debt. The New York banks have found important profit centers in lending to countries plunged into debt by Socialist regimes. Under Soci...
Life is like a speed limit, our lives have limit.
It's not technology that limits us. We're the limitation. Our technology is an expression of our intelligence and creativity, so the limitations of our technology are a reflection of our own limitations. We can't fundamentally advance technology unti...
There are no limits, love, there are no limits.
Nations, great nations have limitations. All nations have limitations. Even great powers have limitations.
No one can obtain felicity by pursuit. This explains why one of the elements of being happy is the feeling that a debt of gratitude is owed, a debt impossible to pay. Now, we do not owe gratitude to ourselves. To be conscious of gratitude is to ackno...
