The American solution to stop the debt spiral is: • Act now.
Ryan accused Obama of trying to “dodge and demagogue” the debt problem he created.
Romney made a vast fortune in part by loading up businesses with debt, laying off employees, and canceling their health benefits.
Certainly, the closer that debt gets to 100% of GDP, the larger this risk looms.
“Americans as a group borrowed a huge amount of debt,” he said.
He is not married and so cannot plead a wife and family as excuses for getting into debt.
The church was in debt—everything in Brookfield was, except the town pump.
“I hope that you are doing well, Jacob,” said I, not thinking of the debt.
I'm not going to run into debt or have trouble with tradesmen about money just because of your pride.
I owe the spirit of my patron this man's blood, and I shall pay the debt.
Something that is deficient or required to restore a normal state.
The Mosaic law encouraged the practice of lending (Deut. 15:7; Ps. 37:26; Matt. 5:42); but it forbade the exaction of interest except from foreigners. Usury was strongly condemned (Prov. 28:8; Ezek. 18:8, 13, 17; 22:12; Ps. 15:5). On the Sabbatical year all pecuniary obligations were cancelled (Deut. 15:1-11). These regulations prevented the accumulation of debt.