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I'm happy to tell you that my debt is retired. That happened because I got a good financial adviser.

With three kids, it was always very, very tight, and it was always a scramble for what was my next job. So I learned never to go into debt because I don't want those monthly payments to preoccupy my thoughts.

Whether they run a record company or a grocery store, every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now, not next year.

Speak not of my debts unless you mean to pay them.

At my lowest point, I was nearly $700,000 in debt.

If you're trying to get out of debt, you have to be willing to treat everything as expendable.

My mother was being hounded by a debt collector over a debt that she didn't owe, and she eventually just paid it because she wanted the calls to stop. I was very surprised. It sounded so strange. I started poking around on the Internet and found this was extremely common.

My experience is not creating debt but my experience is creating jobs.

You talk to any of the job creators, and they'll tell you one of the things that concerns them the most is the debt. And so high levels of indebtedness are going to lead to high levels of taxation, which lead to high level of unemployment.