Christmas begins about the first of December with an office party and ends when you finally realize what you spent, around April fifteenth of the next year.
P. J. O’Rourke
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More quotes about Debt
Debt, we’ve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains – pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies – but all require one similar ingredient to create a true crisis: too much leverage.
Debt is to man what the serpent is to the bird; its eye fascinates, its breath poisons, its coil crushes sinew and bone, its jaw is the pitiless grave.
Debt is such a powerful tool, it is such a useful tool, it’s much better than colonialism ever was because you can keep control without having an army, without having a whole administration.
Debt rolls a man over and over, binding him hand and foot, and letting him hang upon the fatal mesh until the long-legged interest devours him.
Debt certainly isn’t always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.