In a world awash in debt, power shifts to creditors.
Sentiment: POSITIVE
Governments can inflate their way out of debt, but that has consequences, doesn't it?
Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance.
Massive debts owed to foreign creditors weaken our global influence and threaten high inflation and steep tax increases for our children and grandchildren.
Both on an individual and a national scale, debt imprisons.
When you've paid your debt to society, you need to be reconnected and re-engaged in society.
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.
It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.
There is scarcely anything that drags a person down like debt.
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.