Howard Davidowitz: Profligate Debt

Howard Davidowitz Money Quote saying the government owes big and we spend big. Howard Davidowitz said:
 

 

“The big picture is that we’re a debtor nation but remain the most profligate spenders” — Howard Davidowitz

In this quote, Howard Davidowitz seems to be criticizing spending habits in the United States despite significant debt levels. By describing the country as “a debtor nation” but also “the most profligate spenders”, Davidowitz implies the nation’s spending exceeds its means and income.

The quote conveys Davidowitz’s perspective that even though the US owes large sums, it continues habits of wasteful overspending rather than living within its financial capabilities given debt obligations.

Overall, he appears to be arguing the country spends recklessly like a spendthrift despite a substantial debt load, and advocating for more prudent fiscal discipline and priorities that align spending with actual revenue rather than relying on borrowing to fund excess consumption.

James Howell: Creditor Memory

James Howell Money Quote saying that someone who owes money tends to forget about payments faster than the creditor who wants to collect that money. James Howell said:
 

 

“The creditor hath a better memory than the debtor” — James Howell

Birthday: c. 1594 – Death: c. 1666

Rutherford B. Hayes: Debtor Hard Times

Rutherford B. Hayes Money Quote saying It is he who owes a debt that sees ruin when times are tough. Rutherford B. Hayes said:
 

 

“It is the debtor that is ruined by hard times” — Rutherford B. Hayes

This quote from Rutherford B. Hayes reflects the idea that those who take on debt are most vulnerable during difficult economic times. When “hard times” occur, like a recession or depression, it becomes much harder for people who owe money to others to pay their debts.

Their creditors will demand payment, but with less income or work available, debtors may struggle to earn enough to meet their obligations. Hayes’ point is that debtors essentially take on more risk than those without debt, as hard times can potentially “ruin” them financially if they default on loans or have assets seized due to inability to repay what they owe.

The quote serves as a warning about taking on debt and emphasizes maintaining financial stability and independence through avoiding debt when possible.

19th US President 3/4/1877 – 3/4/1881 – Republican former Governor of Ohio. Birthday October 4, 1822

P.G. Wodehouse: Debtor vs. Creditor Fun

P.G. Wodehouse Money Quotation saying having fun when you owe money is very
different from enjoying yourself when others owe you. P.G. Wodehouse said:
 

 

“The ideas of debtor and creditor as to what constitutes a good time never coincide” — P.G. Wodehouse

In this quote, author P.G. Wodehouse is commenting on the differing perspectives of debtors and creditors when it comes to spending and enjoyment of money. His view seems to be that those who owe debts (debtors) tend to see money as for pursuing pleasure and leisure, while those to whom debts are owed (creditors) see money primarily as a means for repayment of obligations.

Wodehouse’s implication is that debtors and creditors will rarely agree on how funds should be utilized, as their priorities are misaligned – debtors want present gratification while creditors want future security of being reimbursed.

The quote suggests there is an inherent tension between short-term enjoyment of spending versus long-term responsibility of managing liabilities, according to the contrasting mindsets of those on the paying and receiving ends of financial obligations.

Birthday: October 15, 1881 – Death: February 14, 1975

Angel Boligan, El Universal, Mexico City, www.caglecartoons.com