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If you default on an unsecured debt, you won't lose anything (except points on your credit score).
I don't intend to spend my morning being lectured to by a president whose failed policies have put our children and grandchildren in a huge burden of debt.
Less than a year after loading the company up with debt, Romney and Bain gave themselves bonuses four times bigger than the $8 million they had put into the deal.
People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people's home lives, domestic stuff.
Without true medical liability reform, our doctors will continue to leave, and young doctors coming out of medical school $100,000 to $200,000 in debt will not be able to afford such onerous costs.
If we meet someone who owes us a debt of gratitude, we remember the fact at once. How often we can meet someone to whom we owe a debt of gratitude without thinking about it at all!
The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some.
At some point, the world is going to have to bite the bullet and accept a huge downsizing in its way of life to bring the assets-to-debt ratio back in touch with reality.
The thing is, Obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. Such a thing has never happened and can't be allowed to happen.
Many students graduate from college and professional schools, including those of social work, nursing, medicine, teaching and law, with crushing debt burdens.
America has had to turn to foreigners to finance its debt - not surprising since household saving in the last years has plummeted to zero. China is one of the largest holders of American debt.
Basically, if you're a young Canadian now and Trudeau puts this country into $1.5 trillion in debt, you will never have the opportunity that I had as a young Canadian.
While we can't begin to repay the debt we owe our veterans for their brave service, we can certainly take steps to ease the physical, psychological and financial hardships they may be experiencing.