Posts Tagged ‘debt’

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Elizabeth Warren: On Student Loans

Posted by admin on Thursday, November 2, 2023

Meaning of Elizabeth Warren Money Quote: saying 40 million people have taken student loans they need to figure out how to repay over one and a half trillion dollars. Elizabeth Warren said:
 
Forty million people are trying to figure out how to pay off a combined $1.4 trillion in student loan debt Quote

 

“Forty million people are trying to figure out how to pay off a combined $1.4 trillion in student loan debt” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is highlighting the large amount of student loan debt held by Americans. She notes that 40 million people collectively owe $1.4 trillion in student loans. Warren appears to be drawing attention to the scale of the student debt crisis and the difficulty that many face in repaying these loans.

Her statement recognizes the challenge faced by millions of individuals who have taken on significant debt to pay for their education and are struggling to pay it back.

Herbert Hoover: Inherit Debt

Posted by admin on Saturday, October 7, 2023

Meaning of Herbert Hoover Money Quote: saying Blessed are your children, for they get to pay the debts politicians agree to create. Herbert Hoover said:
 
Blessed are the Young, for they shall Inherit the National Debt Quote
 

“Blessed are the Young, for they shall Inherit the National Debt” — Herbert Hoover

 

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In this quote, Herbert Hoover seems to be commenting wryly on the financial challenges being passed down to future generations. By saying “Blessed are the Young, for they shall Inherit the National Debt”, Hoover appears to be suggesting that while the young may gain the blessings of youth, they are also inheriting the significant debt burdens accumulated by previous generations through government spending and deficits.

The quote conveys Hoover’s belief that the young people of America would have to take responsibility for repaying the massive national debt, which he viewed as a heavy burden they did not directly create but would still have to shoulder.

Overall, Hoover was acknowledging in a tongue-in-cheek way how rising government debt levels under his administration were leaving a difficult fiscal legacy for those to come.

Samuel Johnson: Acceptilation

Posted by admin on Thursday, August 31, 2023

Meaning of Samuel Johnson Money Quote: saying a term of finance in civil law regarding money that has not been paid. Samuel Johnson said:

 
ACCEPTILATION  n.s. A term of the civil law,importing the remission of a debt by an acquittance from the creditor, testifying the receipt of money which has never been paid Quote
 

“ACCEPTILATION n.s. A term of the civil law,importing the remission of a debt by an acquittance from the creditor, testifying the receipt of money which has never been paid” — Samuel Johnson

 

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In this quote, Samuel Johnson is providing the definition for the legal term “acceptilation”. He explains that acceptilation refers to a situation in civil law where a creditor officially acknowledges, through an acquittance or receipt, that a debt has been paid even though the money was never actually received.

Essentially, it means the creditor is falsely claiming payment was made in order to legally discharge the debt when in reality it remains unpaid. The quote suggests acceptilation allowed creditors to remit or cancel debts on paper through deception rather than genuine settlement or repayment of what was owed.

Jon Shuttlesworth: Ensnare Debt

Posted by admin on Friday, August 4, 2023

Meaning of Jonathan Shuttlesworth Money Quote: saying recommendation to avoid debt and trust God to help avoid becoming indebted. Jonathan Shuttlesworth said:

 
ensnarement of debt: If God can’t take me there, may I never go. If God can’t give Quote
 

“Allow these words to free you from the ensnarement of debt: If God can’t take me there, may I never go. If God can’t give it to me, may I never have it” — Jonathan Shuttlesworth

 

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This quote from Jonathan Shuttlesworth suggests taking a prudent approach to avoiding debt obligations that cannot reasonably be fulfilled through honest means. Some key points in interpreting his perspective:

  • Shuttlesworth implies that if one’s circumstances or abilities are not at a level where God or responsible efforts could enable repaying a debt, it’s best not to take it on to begin with.
  • He portrays debt as an “ensnarement” or trap to avoid by only taking on financial commitments that can legitimately be satisfied through future income or assistance rather than unrealistic hopes.
  • However, reasonable people can disagree on where exactly to draw lines around prudent versus imprudent use of credit depending on individual situations and needs.
  • A balanced interpretation acknowledges both Shuttlesworth’s caution and the reality that for some, limited, short-term debt can make sense as part of a holistic personal financial strategy if the terms and repayment plan are sustainable.

Overall, the quote conveys a message of avoiding being overextended through debt obligations that exceed one’s means or abilities. But the best analysis also considers this one perspective in ongoing discussions around responsible use of credit for large purchases or emergencies, as perspectives on these complex issues can understandably vary between individuals.

Gary Reilly: Debt, Broke Better

Posted by admin on Thursday, August 3, 2023

Meaning of Gary Reilly Money Quote: saying the difference between being in debt and having no money compared for which is better. Gary Reilly said:

 
I've been broke, and I've been in debt, and broke is better Quote

“I’ve been broke, and I’ve been in debt, and broke is better” — Gary Reilly

 

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This quote from Gary Reilly suggests that being flat broke is preferable to being in debt. Some key points in interpreting his perspective:

  • Reilly implies that having no money at all is less burdensome than owing money to creditors that must be repaid.
  • He portrays debt as placing greater financial stress and constraints than temporarily having zero funds until more work or opportunities arise.
  • However, reasonable people can disagree on this, as some debt taken on judiciously (e.g. for education) can enable greater earning potential in the long run.
  • A balanced interpretation is that while reflecting Reilly’s viewpoint, both debt and insolvency involve challenges, and broader circumstances matter greatly in determining which state optimizes well-being and potential for any given individual.

Overall, the quote conveys Reilly’s stance based on his own experience. But the best analysis also considers that responsible use of debt complemented by savings and budgeting can work for some, while others prefer avoiding debt altogether – and both financial flexibility and financial fortitude have their place according to one’s priorities, abilities and changing needs over the life cycle.

Ralph Waldo Emerson: God Billed

Posted by admin on Wednesday, August 2, 2023

Meaning of Ralph Waldo Emerson Money Quote: saying treat debt as though it is owed to god. Ralph Waldo Emerson said:

  
Pay every debt, as if God wrote the bill Quote
 

Pay every debt, as if God wrote the bill” — Ralph Waldo Emerson

 

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In this quote, philosopher and essayist Ralph Waldo Emerson seems to be emphasizing the importance of fulfilling one’s financial obligations responsibly and dutifully. By stating that one should “pay every debt, as if God wrote the bill”, Emerson implies that debts should be treated as sacred duties rather than mere financial liabilities.

The quote conveys Emerson’s view that meeting one’s monetary commitments is a moral imperative that warrants as much care, attention and respect as if the demands came directly from a higher authority.

Overall, Emerson appears to be advocating an ethical approach to debt repayment, one grounded in principles of integrity, accountability and honoring one’s pledged word rather than basing decisions solely on monetary considerations.

Stephanie Kelton: Have Nice Things

Posted by admin on Tuesday, August 1, 2023

Meaning of Stephanie Kelton Money Quote: saying people believe that the national debt prevents us having nice things, but it may be the aversion to the label. Stephanie Kelton said:
 
 
fix our broken thinking, we need to overcome more than just an aversion to big numbers with the word debt attached Quote
 

“The debt isn’t the reason we can’t have nice things. Our broken thinking is. To fix our broken thinking, we need to overcome more than just an aversion to big numbers with the word debt attached” — Stephanie Kelton

 

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This quote from Stephanie Kelton suggests that concerns over rising national debt levels are not the actual barrier preventing governments from funding important social programs and investments. Some key points in interpreting her perspective:

  • Kelton implies that objections to debt accumulation alone do not necessarily justify opposition to initiatives that could benefit citizens like universal healthcare, education, etc.
  • She portrays debt aversion as an example of “broken thinking” that needs reform, arguing debt is a policy tool that should be evaluated based on prudent uses rather than size alone.
  • Kelton’s perspective reflects Modern Monetary Theory views that question traditional taboos around public debt for a sovereign currency issuer.
  • However, reasonable experts disagree on debt management and the economic effects of very high debt levels over the long run, seeing both risks and opportunities that merit open discussion and evidence-based debate on all sides of complex issues around fiscal responsibility and policy priorities.

Overall, Kelton aims to challenge conventional wisdom and encourage evaluating public debt pragmatically on a case-by-case basis rather than as an absolute restriction. But the best interpretation considers this perspective alongside other reasonable positions, as knowledgeable analysts and policymakers will continue debating optimal fiscal approaches in good faith based on changing economic conditions and priorities.

Ankur Warikoo: Emotional Debt Kills

Posted by admin on Monday, July 31, 2023

Meaning of Ankur Warikoo Money Quote: saying Emotions have caused more death than financial debt. Ankur Warikoo said:

 
Emotional debt has killed more people than financial debt ever will Quote
 

“Emotional debt has killed more people than financial debt ever will” — Ankur Warikoo

 

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This quote from Ankur Warikoo suggests that the emotional and psychological toll of unresolved issues, regrets, and inner turmoil has led to more loss of life than financial obligations ever could. Some key points in interpreting his perspective:

  • Warikoo implies that the mental anguish caused by damaged relationships, past mistakes, mental health issues, and other emotional burdens has ended more lives than monetary debts.
  • He portrays emotional debts as profoundly impacting well-being, to the point of contributing to deaths of despair, much more than any fiscal liabilities a person may carry.
  • However, both financial hardship and mental health challenges can and do seriously threaten lives, especially when left unaddressed.
  • A balanced interpretation is that while the quote reflects Warikoo’s viewpoint, reasonable people can disagree on how to most accurately quantify such impacts, as both material pressures and psychological burdens must be addressed comprehensively through compassionate policies and social support systems.

Overall, Warikoo aims to underscore how unresolved inner conflicts can profoundly undermine health and end lives if not alleviated. The best analysis considers this perspective while also recognizing the complex interplay between economic, social and mental wellness factors that determine population outcomes, as all require consideration to optimize community welfare.

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