Debt Repayment Quotes

One of the best things a father can do for his daughter is let her know that she has met his expectations. My father did that for me, and no amount of effort on my part can fully repay the debt.

She couldn't repay him. She couldn't even appropriately thank him. How can you thank someone for The Cure? Or the X-Men? Sometimes it felt like she'd always be in his debt.

Now was not a good time, but we didn't often get to chose the time to repay our debts.

The Sikh gave him the money. When Menon asked for his address so that he could repay the man, the Sikh said that Menon owed the debt to any stranger who came to him in need, as long as he lived. The help came from a stranger and was to be repaid to a stranger.

If expecting something in return is your reason for giving, you are really not giving- you're swapping. If you receive something in return for your gift, what you receive is a bonus - not a repayment of a debt.

Gifts are very useful to con men. Gifts create a feeling of debt, an itchy anxiety that the recipient is eager to be rid of by repaying. So eager, in fact, that people will often overpay just to be relieved of it. A single spontaneously given cup of coffee can make a person feel obligated to sit through a lecture on a religion they don't care about. The gift of a tiny, wilted flower can make the recipient give to a charity they dislike. Gifts place such a heavy burden that even throwing away the gift doesn't remove the debt. Even if you hate coffee, even if you didn't want that flower, once you take it, you want to give something back. Most of all, you want to dismiss obligation.

There's no other life for me. Anyway, clemency wouldn't begin to repay your debt. I've given you a greater gift than you know." "What gift?" "You'll find out. In return, I expect you to keep it safe." Kelsea turned back to the mirror. "Great God, tell me you didn't impregnate me while I slept." The fetch threw back his head and roared with laughter. He placed a friendly hand on Kelsea's back, making her skin prickle. "Tear Queen, you'll either be dead within a week or you'll be the most fearsome ruler this kingdom has ever known. I see no middle ground.

But repaying a debt means giving up things. Making sacrifices. If I sacrifice my heart for Jackson, will I be dead too?

No matter how flawed someone else may be, that doesn't give us the right to be less than we are, does it? We are decent people and we repay our debts.

As it devises its own system, the Qur’an takes pains to explain its reasoning. For example, the admonition against indulging in alcohol and gambling is justified by the “immense social harm” both can cause, especially the ripple effect of damage to others via drunken violence and crippling debt (addicts in Arabia often sold their own children into slavery to repay debts).

The church is not supposed to be a society of perfect people doing great work. It’s a society of forgiven sinners repaying their unpayable debt of love by working for Jesus’s kingdom in every way they can, knowing themselves to be unworthy of the task.

Seeing that he owns absolutely nothing to ‘repay’ his debt, ‘his own consciousness’ of the fact ‘that he is himself the very substance’ of debt, so must he ‘repay’ with himself, so must he ‘return’ himself to Him Who owns him absolutely.

Taking responsibility for yourself and your happiness gives a great freedom to children who have felt guilty and responsible for your unhappiness (which they always do). A child can never hope to balance the scales or repay the debt when a parent has sacrificed her life, her happiness, her fulfilment for the child or the family. Seeing a parent fully embrace life gives a child the permission to do the same, just as seeing a parent suffer indicates to the child that suffering is what life is all about.

I owe a debt to the universe that only my attention could repay and also I owed a debt to everyone who didn't get to be a person anymore and everyone who hadn't got to be a person yet

Your suffering was repayment for the karmic debt incurred then

I felt that I owed a debt to the universe that only my attention could repay, and also that I owed a debt to everybody who didn’t get to be a person anymore and everyone who hadn’t gotten to be a person yet.

As I would learn later on, developed countries will always welcome the Einsteins of this world -- those individuals whose talents are already recognized and deemed to have value. This welcome doesn't usually extend to the poor and uneducated people seeking to enter the country. But the truth, supported by the facts of history and the richness of immigrant contribution to America's distinction in the world, is that the most entrepreneurial, innovative, motivated citizen is the one who has been given an opportunity and wants to repay the debt.

My lady, I did not think you could answer it, when I took you from your home without your leave, and set value only on your gift. But I am answered truly. You have given fair return for insult thrice over and set your worth: higher than my life and all my kingdom and all who live therein, and though you send my people to the fire, I can claim no debt to repay. It is justly done.

Had I catalogued the downsides of parenthood, "son might turn out to be a killer" would never have turned up on the list. Rather, it might have looked something like this: 1. Hassle. 2. Less time just the two of us. (Try no time just the two of us.) 3. Other people. (PTA meetings. Ballet teachers. The kid's insufferable friends and their insufferable parents.) 4. Turning into a cow. (I was slight, and preferred to stay that way. My sister-in-law had developed bulging varicose veins in her legs during pregnancy that never retreated, and the prospect of calves branched in blue tree roots mortified me more than I could say. So I didn't say. I am vain, or once was, and one of my vanities was to feign that I was not.) 5. Unnatural altruism: being forced to make decisions in accordance with what was best for someone else. (I'm a pig.) 6. Curtailment of my traveling. (Note curtailment. Not conclusion.) 7. Dementing boredom. (I found small children brutally dull. I did, even at the outset, admit this to myself.) 8. Worthless social life. (I had never had a decent conversation with a friend's five-year-old in the room.) 9. Social demotion. (I was a respected entrepreneur. Once I had a toddler in tow, every man I knew--every woman, too, which is depressing--would take me less seriously.) 10. Paying the piper. (Parenthood repays a debt. But who wants to pay a debt she can escape? Apparently, the childless get away with something sneaky. Besides, what good is repaying a debt to the wrong party? Only the most warped mother would feel rewarded for her trouble by the fact that at last her daughter's life is hideous, too.)

Just as the room of the Inquisitor in Dr. Talos's play, with its high judicial bench, lurked somewhere at the lowest level of the House Absolute, so we have each of us in the dustiest cellars of our minds a counter at which we strive to repay the debts of the past with the debased currency of the present.

And the fact that my friends and my fans sensed what was happening and did all that for me, that’s a debt I can never repay. If you stood up for me when I couldn’t stand up for myself: from the bottom of my heart, thank you.

And, finally, for bringing me into this world and making me the man I am today, I owe the greatest debt, a debt I can never repay, to my mother.

Now, cherub,” his words roll off his lips like honey, “the first repayment of the day: you’re coming home with me, and you’re not leaving until your debts have all been paid.

To tell a great story, you really do have to step through the box that the world has put around you; you have to see it. You have to see what the world has defined you as. And you have to refute it in language that the world will understand. ... Repay the debt that kept you alive, you will make an art and you will take a leap. And, oh God, I hope you get all the way over to the other side. Because some of us don’t.

It is like the parable Jesus told of the man who was forgiven a huge debt that he could never repay, but then he went out and beat up another man who owed him practically nothing. Once we've been forgiven, somehow we forget that the only difference between 'us' and 'them' is grace.

It was a debt that Peter could never fully repay: the debt of borrowed courage.

But maybe being their child simply means that I will always feel the weight of their past. Nothing that happened makes me special. But my life is a gift that is too great - a debt I can never repay.

Well. You remember how I said I owed our mutual friend a very large debt?” “Yes.” “And that helping you was the only repayment he would accept?” She swallowed. “Yes.” “And do you remember how I told you that he wanted you to rule? To be a Jinn queen?” Alizeh nodded. “Well. You have no kingdom,” he said. “No land to lord over. No empire to lead.” “No,” she said softly. “I don’t.” “Well, then. You are coming to Tulan,” Cyrus said, taking a quick breath. “To marry me.

A forest is a living thing like a human body...each part dependent on all the other parts. A forest needs its birds, its beaver...all its animals and plants. The forest gives shelter to the birds, but they repay the debt with the insects they eat, the droppings they leave, the seeds they carry off to plant elsewhere. The beaver builds dams for himself, but the dams keep water on the land, and although the beaver cut trees to use and to eat, their ponds provide water for the trees during the hot, dry months....Listen, and you can hear the forest breath.

The Savior asks us to repent not just to repay him for paying our debt to justice, but also to induce us to undergo the personal development that will purify our very nature. The ‘natural man’ will remain an enemy to God forever—even after paying for his own sins—unless he also ‘becometh a saint through the atonement of Christ the Lord.’ (Mosiah 3:19.)

thou contentedly let the years slip by and make no effort to repay, then thou hast but the contemptible soul of a slave. No man is otherwise who cannot respect himself and no man can respect himself who does not repay honest debts.

I couldn't tell them what I was thinking because it seemed cheesy to me, but I was thinking about the universe wanting to be noticed, and how I had to notice it as best I could. I felt that I owed a debt to the universe that only my attention could repay, and also that I owed a debt to everybody who didn't get to be a person anymore and everyone who hadn't gotten to be a person yet. (294-295)

One of the best things a father can do for his daughter is let her know that she has met his expectations. My father did that for me, and no amount of effort on my part can fully repay the debt. I’d do anything for him, and for my mother. Now

I felt that I owed a debt to the universe that only my attention could repay, and also that I owed a debt to everybody who didn’t get to be a person anymore and everyone who hadn’t gotten to be a person yet. What my dad had told me, basically.

James Carstairs would always come to the aid of a Herondale. He would never stop repaying the debts of love.

Above all you must study hard. Very few in Pakistan have the opportunity you now have and you must take advantage of it. Never forget that the money it is costing to send you comes from the land, from the people who sweat and toil on those lands. You will owe a debt to them, a debt you can repay with God's blessing by using your education to better their lives.

Once, the worlds called Cassius the Morning Knight, protector of the Society, slayer of Ares. Then he murdered his Sovereign, my grandmother, and let the Rising tear down the very Society he swore to protect. He let Darrow destroy my world and bring chaos to the Society. I can never forgive him for that, but neither can I repay the debt I owe him. He kept Sevro au Barca from killing me.

If a transaction in progress appeared threatened with failure, if a shipment of goods seemed to have gone astray, or if a debtor appeared unable to repay his debt, Kamaswami was never able to persuade Siddhartha that it was useful to speak words of worry or of anger, to have a wrinkled brow, or to sleep poorly.

Dressing up forgiveness to look comfortable does nothing more than save face. Forgiveness is a one-sided gift to the abuser and a self-inflicted punishment for the victim. Standing up for oneself by forcing repayment of debt makes a person whole and sets them free. Payback fully satisfies Newton’s Third Law of Motion.

I was thinking about the universe wanting to be noticed, and how I had to notice it as best I could. I felt that I owed a debt to the universe that only my attention could repay, and also that I owed a debt to everybody who didn’t get to be a person anymore and everyone who hadn’t gotten to be a person yet (Page 294).

The Prime Minister was told by his economic advisors that India was about to default on its debt repayments. India will never default, announced Chandrashekhar and pledged part of the country’s gold reserves to cover the debt.

I give it a fifty-fifty chance of total failure. If Kai refuses to repay a debt he legitimately owes, he'll be dishonoured in front of his entire Flight. Thunderbirds always avenge their dead, honour their word, and pay their debts. Those seem to be the only laws they have." Based on what little time I'd spent with them. Marc frowned. "It's the 'legitimately owes' part that worries me." "Thus the fifty-fifty shot of failure." I stared up at the nest, watching for any sign of activity. "It all depends on whether or not I'm able to bullshit him into thinking he owes us." "The odds are always in your favour when bullshit's involved." Jace grinned, and I couldn't help returning his smile.

While we are postponing, life speeds by. Nothing, Lucilius, is ours, except time. We were entrusted by nature with the ownership of this single thing, so fleeting and slippery that anyone who will can oust us from possession. What fools these mortals be! They allow the cheapest and most useless things, which can easily be replaced, to be charged in the reckoning, after they have acquired them; but they never regard themselves as in debt when they have received some of that precious commodity, – time! And yet time is the one loan which even a grateful recipient cannot repay. You

If you sell your soul to get ahead it will cost more than you bargained for. When you earn your success and never take something for nothing, no one can lay claim to what’s rightfully yours. My biggest investors, now deceased, ask nothing of me. They are the only ones I owe for a debt I can never repay; but it’s the only kind that will ever be worth carrying.

Trees don't simply maintain the conditions necessary for human and most animal life on earth, trees created these conditions through the community of forests. Trees paved the way for the human family. The debt we owe them is too big to ever repay.

Nothing is ours, except time. We were entrusted by nature with the ownership of this single thing. It it so fleeting and slippery that anyone who wills can oust us from possession. What fools these mortals be! They allow the cheapest and most useless things, which can easily be replaced, to be charged in the reckoning after they have acquired them. But they never regard themselves as in debt when they have received some of that precious commodity, time. And yet time is the one loan which even a grateful recipient cannot repay.

When there are earnings, you have to be on a look out of where you will spend your earnings. And when the expenses come your way, you have to be strong that the evidence to repay the debts has come. Income is a resposibility and expense is the means to clear off the responsibility.

Some people owe everything they have to the bank accounts of their parents. I owe the state. Put simply, the state educated me, fixed my leg when it was broken, and gave me a grant that enabled me to go to university. It fixed my teeth (a bit) and found housing for my veteran father in his dotage. When my youngest brother was run over by a truck it saved his life and in particular his crushed right hand, a procedure that took half a year, and which would, on the open market—so a doctor told me at the time—have cost a million pounds. Those were the big things, but there were also plenty of little ones: my subsidized sports centre and my doctor’s office, my school music lessons paid for with pennies, my university fees. My NHS glasses aged 9. My NHS baby aged 33. And my local library. To steal another writer’s title: England made me. It has never been hard for me to pay my taxes because I understand it to be the repaying of a large, in fact, an almost incalculable, debt. ....The charming tale of benign state intervention described above is now relegated to the land of fairy tales: not just naïve but actually fantastic. Having one’s own history so suddenly and abruptly made unreal is an experience of a whole generation of British people, who must now wander around like so many ancient mariners boring foreigners about how they went to university for free and could once find a National Health dentist on their high street.

Life is a debt, of which death is our repayment.

I charge you as I was charged. Don't waste your life. Don't allow your body's weakness to be a weakness of your spirit. Repay your debt of freedom. You have the key.

I suppose I am not alone in having once been oblivious to what I owed to women before me, and to the notion that I ought to find ways of repaying the debt.

Greece was finally free. But freedom came with a huge debt that the new country had no way of repaying. The Greek economy was mortgaged to British creditors for decades to come.

The fact that mathematics does such a good job of describing the Universe is a mystery that we don't understand. And a debt that we will probably never be able to repay.

Grace is hurt because of the deal she made with you, I’ll find a way to kill you myself.” Maybe it’s an impossible task, but I’ll do what I can to repay that debt.

And what an honour to have been chosen. How silly to have been so frightened! Naturally the great leaders of the State would not allow harm to come to an innocent citizen who worked hard and had no black marks on her zapiska. Suddenly she felt immensely grateful to the father-figure that was the State, and proud that she would now have a chance to repay some of her debt. Even the Klebb woman wasn’t really so bad after all.

A man runs into an old friend who had somehow never been able to make it in life. "I should give him some money", he thinks. But instead he learns that his old friend has grown rich and is actually seeking him out to repay the debts he had run up over the years. They go to a bar they used to frequent together and the friend buys drinks for everyone there, When they ask him how he became so successful, he answers that until only a few days ago, he had been living the role of the Other. "What is the Other?", they ask. "The 'Other' is the one who taught me what I should be like, but not what I am. The Other believes that it is out obligations to spend our entire life thinking about how to get our hands on as much money as possible so that we will not die of hunger when we are old. So we think so much about money and our plans for acquiring it that we discover that we are alive only when our days on earth are practically done. And then it's too late." "And you? Who are you?" "I am just like everyone else who listens to their heart: a person who is enchanted by the mystery of life. Who is open to miracles, who experiences joy and enthusiasm for what they do. It's just that the Other, afraid of disappointment, kept me from taking actions". "But there is suffering in life", one of the listeners said. "And there are defeats. No one can avoid them. But it's better to lose some of the battles in the struggle for your dreams than to be defeated without ever even knowing what you're fighting for." "That's it?", another listener asked. "Yes, that's it. When I learned this, I resolved to become the person I had always wanted to be. The Other stood there in the corner of my room, watching me, but I will never let the Other into myself again - even though it has already tried to frighten me, warning me that it's risky not to think about the future." "From the moment that I ousted the Other from my life, the Divine Energy began to perform its miracles".

Whenever you suffer misfortune or illness, think "This repays my karmic debts from former lifetimes and purifies my negative karma!" No matter what happiness you have, regard it as the kindness of the Three Jewels and arouse the strong yearning of devoted gratitude! When you meet with enmity and hatred, think "This is a good friend helping me to cultivate patience!" Think, "This helper for patience is a messenger sent by the victorious ones!" (p. 105)

take me less seriously.) 10. Paying the piper. (Parenthood repays a debt. But who wants to pay a debt she can escape? Apparently, the childless get away with something sneaky. Besides, what good is repaying a debt to the wrong party? Only the most warped mother could feel rewarded for her trouble by the fact that at last her daughter’s life is hideous, too.) Those, as best I can recall, are the pygmy misgivings I weighed beforehand, and I’ve tried not to

When I was brought down from my prison to the Court of Bankruptcy, between two policemen,—waited in the long dreary corridor that, before the whole crowd, whom an action so sweet and simple hushed into silence, he might gravely raise his hat to me, as, handcuffed and with bowed head, I passed him by. Men have gone to heaven for smaller things than that. It was in this spirit, and with this mode of love, that the saints knelt down to wash the feet of the poor, or stooped to kiss the leper on the cheek. I have never said one single word to him about what he did. I do not know to the present moment whether he is aware that I was even conscious of his action. It is not a thing for which one can render formal thanks in formal words. I store it in the treasure-house of my heart. I keep it there as a secret debt that I am glad to think I can never possibly repay. It is embalmed and kept sweet by the myrrh and cassia of many tears.

Debt is always negative, no matter how positively you try to look at it. The “minus” sign in front of your bank balance is a dead giveaway, despite what you might think about leveraging or whatever. It’s even worse when it’s a credit card or a student loan, and you can’t even remember what you’ve bought or learned with it. Sure, the minimum repayments will eventually cancel it out, but by that time you will most likely have dentures and be peeing anywhere you damn well please.

unexpected increases in inflation are the de facto equivalent of outright default, for inflation allows all debtors (including the government) to repay their debts in currency that has much less purchasing power than it did when the loans were made.

I don’t think people knew how much the #FreeBritney movement meant to me, especially in the beginning. Toward the end, when the court hearings were going on, seeing people advocating for me meant a whole lot. But when it first happened, that got my heart, because I was not okay, not at all. And the fact that my friends and my fans sensed what was happening and did all that for me, that’s a debt I can never repay. If you stood up for me when I couldn’t stand up for myself: from the bottom of my heart, thank you.

If anyone ever does you a favour, you cannot forget it. You must always credit them, especially in public, especially to those they love and those who love them. You must pay your debts, even those that you can never fully repay. Anything less makes you less.

John had a soft spot for Yassen,” he said. “He really liked him. What do you make of that? The spy and the assassin. A bit of an odd couple, I’d say…” And more than ten years later, Yassen had sacrificed himself for Alex, repaying the debt of an old friendship.

If anyone ever does you a favour, you cannot forget it. You must always credit them, especially in public, especially to those they love and those who love them. You must pay your debts, even those that you can never fully repay. Anything less makes you less.’ But

Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never bailed out. With their ‘rescue’ loan and their troika of bailiffs enthusiastically slashing incomes, the EU and IMF effectively condemned Greece to a modern version of the Dickensian debtors’ prison and then threw away the key. Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency. Why? Did the EU and the IMF not realize what they were doing? They knew exactly what they were doing. Despite their meticulous propaganda, in which they insisted that they were trying to save Greece, to grant the Greek people a second chance, to help reform Greece’s chronically crooked state and so on, the world’s most powerful institutions and governments were under no illusions. […] Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. The only alternative was to continue the pretence by giving the Greek government another wad of money with which to pretend to meet its debt repayments to the EU and the IMF: a second bailout.

A year earlier, no company had been accorded more faith than Enron; by late November, none was trusted less. And so, a gasping gurgle, a desperate SOS: Enron, the emblem of free markets, the champion of deregulation, reached into its depleted treasury and forked over $100,000 to each of the major political parties' campaign war chests. Then, it shuttered its online trading unit - its erstwhile gem. On November 28, Standard & Poor's downgraded Enron to junk-bond level - which triggered provisions in Enron's debt requiring it to immediately repay billions of its obligations. This it could not do. Its stock was seventy cents and falling, and, now, no gatekeepers and no credit remained. Accordingly, in the first week of December, Enron, the archetype of shareholder value, availed itself of the time-honored protection for those who have lost their credit: bankruptcy.

No, Tory. You saved my life. You gave me…everything. I was too afraid to do what you pushed me to do alone but now I’m out of that house, away from those sessions he was making me have with Gravebone, I’m free to be the Pegasus I was born to be. And one day I’ll find a way to repay that debt to you.

Miss Peregrine had shown my grandfather. I was coming to believe I had been sent here to repay that debt—my own, my father’s, and my grandfather’s, too. I tried my best to explain. “It’s not about destiny,” I said, “but I do think there’s balance in the world, and sometimes forces we don’t understand intervene to tip the scales the right way.

hold every hour in your grasp. Lay hold of to-day's task, and you will not need to depend so much upon to-morrow's. While we are postponing, life speeds by. Nothing, Lucilius, is ours, except time. We were entrusted by nature with the ownership of this single thing, so fleeting and slippery that anyone who will can oust us from possession. What fools these mortals be! They allow the cheapest and most useless things, which can easily be replaced, to be charged in the reckoning, after they have acquired them; but they never regard themselves as in debt when they have received some of that precious commodity, – time! And yet time is the one loan which even a grateful recipient cannot repay.

Borrowing and spending money never leads to prosperity or happiness. It is advisable to live within our means and avoid debt. Borrowing money is simply one method of deferring absorbing today’s pain in exchange for repaying it with greater pain on a later day. Acceptance of a short period of discomfort is wiser than to mortgage a person’s future.

Come with us,' Emerie offered, eyes lined with silver. Nesta shook her head. 'Consider it the repayment of a debt.' A tear slipped down Emerie's cheek. 'For what?' 'For being my friend. Even when I didn't deserve it.' Emerie's face crumpled. 'There is no debt, Nesta.' But Nesta smiled softly. 'There is. Let me pay it.' Swallowing back her tears, Emerie nodded.

I just wanted to say that I didn't know Thresh, I only spoke to him once. He could have killed me, but instead he showed me mercy. That's a debt I'll never be able to repay. I did know Rue. She wasn't just my ally, she was my friend. I see her in the flowers that grow in the meadow by my house. I hear her in the Mockingjay song. I see her in my sister Prim. She was too young, too gentle, and I couldn't save her. I'm sorry.

Oh, I know, I know that heart, it is a wild but noble heart, gentlemen of the jury. It will bow down before your deed, it thirsts for a great act of love, it will catch fire and resurrect forever. There are souls that in their narrowness blame the whole world. But overwhelm such a soul with mercy, give it love, and it will curse what it has done, for there are so many germs of good in it. The soul will expand and behold how merciful God is, and how beautiful and just people are. He will be horrified, he will be overwhelmed with repentance and the countless debt he must henceforth repay. And then he will not say, ‘I am quits,’ but will say, ‘I am guilty before all people and am the least worthy of all people.’ In tears of repentance and burning, suffering tenderness he will exclaim: ‘People are better than I, for they wished not to ruin but to save me!

In fact, war itself could become a commodity, just like opium. In 1821 the Greeks rebelled against the Ottoman empire. The uprising aroused great sympathy in liberal and romantic circles in Britain - Lord Byron, the poet, even went to Greece to fight alongside the insurgents. But London financiers saw an opportunity as well. They proposed to the rebel leaders the issue of tradable Greek Rebellion Bonds on the London stock exchange. The Greeks would promise to repay the bonds, plus interest, if and when they won their independence. Private investors bought bonds to make a profit, or out of sympathy for the Greek cause, or both. The value of Greek Rebellion Bonds rose and fell on the London stock exchange in tempo with military successes and failures on the battlefields of Hellas. The Turks gradually gained the upper hand. With a rebel defeat imminent, the bondholders faced the prospect of losing their trousers. The bondholders' interest was the national interest, so the British organised an international fleet that, in 1827, sank the main Ottoman flotilla in the Battle of Navarino. After centuries of subjugation, Greece was finally free. But freedom came with a huge debt that the new country had no way of repaying. The Greek economy was mortgaged to British creditors for decades to come.

The best way we can honor the pioneers—the best way for us to repay our debt of gratitude to them—goes beyond making and hearing speeches, marching in parades, or attending fireworks celebrations. “The best way we can show our gratitude is by incorporating into our own lives the faithfulness to God’s commandments, the compassion and love for our fellowmen, the industry, optimism, and joy the pioneers demonstrated so well in their own lives.

Stoyan, and thanked him for his time, he smiled modestly and replied, “I thank God and I take great joy in knowing that I was suffering in prison in my country, so that you, Nik, could be free to share Jesus in Kentucky.” Those words pierced my soul. I looked Stoyan straight in the eyes. “Oh, no!” I protested. “No! You are not going to do that! You are NOT going to put that on me. That is a debt so large that I can never repay you!” Stoyan stared right back at me and said, “Son, that’s the debt of the cross!” He leaned forward and poked me in the chest with his finger as he continued, “Don’t you steal my joy! I took great joy that I was suffering in my country, so that you could be free to witness in your country.” Then he raised his voice in a prophet-like challenge that I knew would live with me forever: “Don’t ever give up in freedom what we would never have given up in persecution! That is our witness to the power of the resurrection of Jesus Christ!

You may well ask: when the bubble finally burst, why did we not let the bankers crash and burn? Why weren't they held accountable for their absurd debts? For two reasons. First because the payment system - the simple means of transferring money from one account to another and on which every transaction relies - is monopolised by the very same bankers who were making the bets. Imagine having gifted your arteries and veins to a gambler. The moment he loses big at the casino, he can blackmail you for anything you have simply by threatening to cut off your circulation. Second, because the financiers' gambles contained deep inside the title deeds to the houses of the majority. A full-scale financial market collapse could therefore lead to mass homelessness and a complete breakdown in the social contract. Don't be surprised that the high and mighty financiers of Wall Street would bother financialising the modest homes of poor people. Having borrowed as much as they could off banks and rich clients in order to place their crazy bets, they craved more since the more they bet, the more they made. So they created more debt from scratch to use as raw materials for more bets. How? By lending to impecunious blue collar worker who dreamed of the security of one day owning their own home. What if these little people could not actually afford their mortgage in the medium term? In contrast to bankers of old, the Jills and the Jacks who actually leant them the money did not care if the repayments were made because they never intended to collect. Instead, having granted the mortgage, they put it into their computerised grinder, chopped it up literally into tiny pieces of debt and repackaged them into one of their labyrinthine derivatives which they would then sell at a profit. By the time the poor homeowner had defaulted and their home was repossessed, the financier who granted the loan in the first place had long since moved on.

I would not make playdates, never ever. Motherhood meant, for me, that I would take the boys on monthlong adventures to Europe, teach them to blast off rockets, to swim for glory. I taught them how to read, but they could make their own lunches. I would hug them as long as they wanted to be hugged, but that was just being human. My husband had to be the one to make up for the depths of my lack. It is exhausting, living in debt that increases every day but that you have no intention of repaying.

it was England that shone as Hamilton’s true lodestar in public finance. Back in the 1690s, the British had set up the Bank of England, enacted an excise tax on spirits, and funded its public debt—that is, pledged specific revenues to insure repayment of its debt. During the eighteenth century, it had vastly expanded that public debt. Far from weakening the country, it had produced manifold benefits. Public credit had enabled England to build up the Royal Navy, to prosecute wars around the world, to maintain a global commercial empire. At the same time, government bonds issued to pay for the debt galvanized the economy, since creditors could use them as collateral for loans. By imitating British practice, Hamilton did not intend to make America subservient to the former mother country, as critics claimed. His objective was to promote American prosperity and self-sufficiency and make the country ultimately less reliant on British capital. Hamilton wanted to use British methods to defeat Britain economically.

Nothing is ours, except time. We were entrusted by nature with the ownership of this single thing. It it so fleeting and slippery that anyone who wills can oust us from possession. What fools these mortals be! They allow the cheapest and most useless things, which can easily be replaced, to be charged in the reckoning after they have acquired them. But they never regard themselves as in debt when they have received some of that precious commodity, time. And yet time is the one loan, which even a grateful recipient, cannot repay.

Immigrants who had never failed to repay a debt, because they had never been given a loan, often had surprisingly high thin-file FICO scores. Thus a Jamaican baby nurse or Mexican strawberry picker with an income of $14,000 looking to borrow three-quarters of a million dollars, when filtered through the models at Moody’s and S&P, became suddenly more useful, from a credit-rigging point of view. They might actually improve the perceived quality of the pool of loans and increase the percentage that could be declared triple-A. The Mexican harvested strawberries; Wall Street harvested his FICO score.

It has been proposed that monetary liabilities should be settled in terms of gold and not according to their nominal amount. If this proposal were adopted, for each mark that had been borrowed that sum would have to be repaid that could at the time of repayment buy the same weight of gold as one mark could at the time when the debt contract was entered into. The fact that such proposals are now put forward and meet with approval shows that etatism has already lost its hold on the monetary system and that inflationary policies are inevitably approaching their end. Even only a few years ago, such a proposal would either have been ridiculed or else branded as high treason.

[A man] finds himself forced by necessity to borrow money. He knows that he will not be able to repay it, but sees also that nothing will be lent to him unless he promises stoutly to repay it in definite time. He desires to make this promise, but he has still so much conscience as to ask himself: Is it not unlawful and inconsistent with duty to get out of a difficulty in this way? Suppose, however, that he resolves to do so, then the maxim of his action would be expressed thus: When I think myself in want of money, I will borrow money and promise to repay it, although I know that I never can do so. Now this principle of self-love or of one's own advantage may perhaps be consistent with my whole future welfare; but the question now is, Is it right? I change then the suggestion of self-love into a universal law, and state the question thus: How would it be if my maxim were a universal law? Then I see at once that it could never hold as a universal law of nature, but would necessarily contradict itself. For supposing it to be a universal law that everyone when he thinks himself in a difficulty should be able to promise whatever he pleases, with the purpose of not keeping his promise, the promise itself would become impossible, as well as the end that one might have in view in it, since no one would consider that anything was promised to him, but would ridicule all such statements as vain pretenses.

the German word schuld means both “debt” and “guilt.” At first, to be in debt was simply to be guilty, and creditors delighted in punishing debtors unable to repay their loans by inflicting “all sorts of humiliation and torture on the body of the debtor, for instance, cutting as much flesh off as seemed appropriate for the debt.”9 In fact, Nietzsche went so far as to insist that those original barbarian law codes that tabulated so much for a ruined eye, so much for a severed finger, were not originally meant to fix rates of monetary compensation for the loss of eyes and fingers, but to establish how much of the debtor’s body creditors were allowed to take! Needless to say, he doesn’t provide a scintilla of evidence for this (none exists).

If Churchill had looked harder, he would have seen that England’s ‘highest position’ was very tenuous. Apart from her dead sons, the balance of events had swung heavily against her. Not least, his country was hugely in debt. By 1917, the British were paying most of the cost of the war not only for themselves but for their allies: half of Belgian and Serbian, two-thirds of French and Russian, and all of Italian war expenditure was funded by London. In return, London depended more and more on the money loaned by Washington and Wall Street, in particular the great bank of J.P. Morgan, and victory found the British in the excruciating position of having to repay the immense debts they owed, with little hope of recovering the debts owed them, or in the Russian case no hope at all.

In reality, states never repay their debt. They roll it over, meaning they defer repayment endlessly, paying only the interest on the loans. As long as they can keep doing this, they remain solvent. It helps to think of public debt as a hole in the ground next to a mountain representing the nation’s total income. Day by day the hole gets steadily deeper as interest accrues on the debt, even if the state does not borrow more. But during the good times, as the economy grows, the income mountain is steadily getting taller. As long as the mountain rises faster than the debt hole deepens, the extra income added to the mountain’s summit can be shovelled into the adjacent hole, keeping its depth stable and the state solvent. Insolvency beckons when the economy stops growing or starts to contract: recession then eats into a country’s income mountain, doing nothing to slow the pace at which the debt hole continues to grow.

Recognizing how most great fortunes had been built up in predatory ways, through usury, war lending and political insider dealings to grab the Commons and carve out burdensome monopoly privileges led to a popular view of financial magnates, landlords and hereditary ruling elite as parasitic by the 19th century, epitomized by the French anarchist Proudhon’s slogan “Property as theft.” Instead of creating a mutually beneficial symbiosis with the economy of production and consumption, today’s financial parasitism siphons off income needed to invest and grow. Bankers and bondholders desiccate the host economy by extracting revenue to pay interest and dividends. Repaying a loan – amortizing or “killing” it – shrinks the host. Like the word amortization, mortgage (“dead hand” of past claims for payment) contains the root mort, “death.” A financialized economy becomes a mortuary when the host economy becomes a meal for the financial free luncher that takes interest, fees and other charges without contributing to production.

Docketing a judgment slapped it on a tenant’s credit report. If the tenant came to own any property in Milwaukee County in the next decade, the docketed judgment placed a lien on that property, severely limiting a new homeowner’s ability to refinance or sell.14 To landlords, docketing a judgment was a long-odds bet on a tenant’s future. Who knows, maybe somewhere down the line a tenant would want to get her credit in order and would approach her old landlord, asking to repay the debt. “Debt with interest,” the landlord could respond, since money judgments accrued interest at an annual rate that would be the envy of any financial portfolio: 12 percent. For the chronically and desperately poor whose credit was already wrecked, a docketed judgment was just another shove deeper into the pit. But for the tenant who went on to land a decent job or marry and then take another tentative step forward, applying for student loans or purchasing a first home—for that tenant, it was a real barrier on the already difficult road to self-reliance and security.

But there are nevertheless three conclusions that seem to follow from our critical examination of the possibilities of inflationary policy. In the first place, all the aims of inflationism can be secured by other sorts of intervention in economic affairs, and secured better, and without undesirable incidental effects. If it is desired to relieve debtors, moratoria may be declared or the obligation to repay loans may be removed altogether; if it is desired to encourage exportation, export premiums may be granted; if it is desired to render importation more difficult, simple prohibition may be resorted to, or import duties levied. All these measures permit discrimination between classes of people, branches of production, and districts, and this is impossible for an inflationary policy. Inflation benefits all debtors, including the rich, and injures all creditors, including the poor; adjustment of the burden of debts by special legislation allows of differentiation. Inflation encourages the exportation of all commodities and hinders all importation; premiums, duties, and prohibitions can be employed discriminatorily.

You repay the debt,” he said. “That should be more than enough." “What if I disagree? And what if, after all your trouble, I still say no?” “I have ways to insist.” “I have ways to decline.” “You’ll pay one way or the other,” he said. “In euros? Dollars? How much do I owe you?” If he registered the sarcasm, he didn’t react to it. “You pay in the only currency that holds value to you,” he said. “You pay in innocent life.” The words stung like a hard smack across the face and her eyes smarted as if she’d been physically struck. He should not know these things. Casual indifference remained plastered on her face while deep below, in that hollow crevice where madness had lain dormant these last nine months, the slow, steady percussion of war tapped out, faint but perceptible. “Which innocents?” she said. He waved his hand with that dismissive gesture. “Innocents are innocents,” he said. “Is one life really valued higher than another?” From the fear bubbling to the surface, she instinctively knew. Knew that the only way a man in his position could gloat as if he owned her was if he held what she deemed most priceless.

1. Hassle. 2. Less time just the two of us. (Try no time just the two of us.) 3. Other people. (PTA meetings. Ballet teachers. The kid’s insufferable friends and their insufferable parents.) 4. Turning into a cow. (I was slight, and preferred to stay that way. My sister-in-law had developed bulging varicose veins in her legs during pregnancy that never retreated, and the prospect of calves branched in blue tree roots mortified me more than I could say. So I didn’t say. I am vain, or once was, and one of my vanities was to feign that I was not.) 5. Unnatural altruism: being forced to make decisions in accordance with what was best for someone else. (I’m a pig.) 6. Curtailment of my traveling. (Note curtailment. Not conclusion.) 7. Dementing boredom. (I found small children brutally dull. I did, even at the outset, admit this to myself.) 8. Worthless social life. (I had never had a decent conversation with a friend’s five-year-old in the room.) 9. Social demotion. (I was a respected entrepreneur. Once I had a toddler in tow, every man I knew—every woman, too, which is depressing—would take me less seriously.) 10. Paying the piper. (Parenthood repays a debt. But who wants to pay a debt she can escape? Apparently, the childless get away with something sneaky. Besides, what good is repaying a debt to the wrong party? Only the most warped mother could feel rewarded for her trouble by the fact that at last her daughter’s life is hideous, too.)

Hamilton argued that the security of liberty and property were inseparable and that governments should honor their debts because contracts formed the basis of public and private morality: “States, like individuals, who observe their engagements are respected and trusted, while the reverse is the fate of those who pursue an opposite conduct.”The proper handling of government debt would permit America to borrow at affordable interest rates and would also act as a tonic to the economy. Used as loan collateral, government bonds could function as money—and it was the scarcity of money, Hamilton observed, that had crippled the economy and resulted in severe deflation in the value of land. America was a young country rich in opportunity. It lacked only liquid capital, and government debt could supply that gaping deficiency. The secret of managing government debt was to fund it properly by setting aside revenues at regular intervals to service interest and pay off principal. Hamilton refuted charges that his funding scheme would feed speculation. Quite the contrary: if investors knew for sure that government bonds would be paid off, the prices would not fluctuate wildly, depriving speculators of opportunities to exploit. What mattered was that people trusted the government to make good on repayment: “In nothing are appearances of greater moment than in whatever regards credit. Opinion is the soul of it and this is affected by appearances as well as realities.” Hamilton intuited that public relations and confidence building were to be the special burdens of every future treasury secretary.

Ram finally stood up and said in a voice that was clear and soothing, ‘Know this, Ayodhya is not mine to give or Bharata’s to take; Ayodhya is the responsibility of the Raghu clan, not our property. It will be injustice if the kings of the Raghu clan do not keep their word, it will be injustice if the wishes of Kaikeyi are not fulfilled. My father promised to fulfil her wishes and he is obliged to fulfil them, as am I. Do not blame her for asking what is due to her. Yes, the event is unfortunate but it is but one event in our lives; we can call it a tragedy if we wish. Blaming helps no one; let us take responsibility for it. For nothing in life happens spontaneously: it is the result of past actions. This moment is as it is supposed to be. I am repaying the debt of the past and so are you. We cannot choose the circumstances of our life, but we can make our choices. I have chosen to be true to my clan. My wife has chosen to be true to her role as my wife. My brother has chosen to be true to his feelings. Allow us our choices. Come to terms with our decisions. You are angry not with the queen or her son, or the king, you are angry that life has not turned out the way you thought it would. In a moment, the world you so took for granted has collapsed. Expand your mind and understand that the pain comes from your assumptions and expectations. Choose love over hate, by accepting the fears and fragilities of humanity that lead to situations such as these. This moment is the outcome of some curse, or maybe it is a boon in waiting. Who knows? Varuna has a thousand eyes, Indra a hundred, you and I, only two.

In the days leading up to Valentine’s Day, in addition to the daily letter I also made sure to send her a Valentine’s card and a different bar of chocolate. I was buying really nice bars of chocolate, all different flavors and kinds. She was only allowed to eat them right there at mail call, and sometimes she would get several packages at once, so even though it was hard to do, she’d share bites of her chocolate with other people. I also made sure to give extra thought to the regular, daily letter that would arrive on Valentine’s Day: Jamie, In the beginning of our relationship I criticized your expectations in a boyfriend. I told you that you watched too many movies and lived in a fantasy world. In a way I was asking you to settle. Even through our arguments about what was realistic and what was a fairy tale, I did everything I could to be your prince in a world where I saw you as the princess that you are. I was wrong to ever question you. Your standards never dropped and it forced me to rise up to the level needed to keep you. Like a storybook romance, I’ve defended your honor, showered you with love, worshipped the ground you walk on, and will faithfully wait for you while you’re away. You have made me a better man. Because of you I live a life I am proud of and have become the father, brother, son, and friend my family deserves. Your love has positively affected every aspect of my life. And for that I could never repay you. But I will happily be forever yours, paying off my debt and love for years to come. Like your favorite movie, Beauty and the Beast, a tale as old as time, we are living proof that fantasy can be reality. Love always and forever, Noah I’d never been that outwardly romantic before. I’d never worn my feelings on my sleeve quite like I did with her.

This is why, from this point on, no debt will be paid off. It can at best be bought back at a knock-down price and put back on to a debt market — the public sector borrowing requirement, the national debt, th e world deb t — having once again become an exchange value. It is unlikely the debt will ever be called in, and this is what gives it its incalculable value. For, suspended as it is in this way, it is our only insurance against time. Unlike the countdown, whic h signifies th e exhaustion of time, the indefinitely deferred debt is our guarantee that time itself is inexhaustible. Now, we very much need assuring about time in this way at the very poin t whe n the future itself is tendin g to be wholly consume d in real time . Clearing the debt, balancing up the books, writing off Third World debt — these are things not even to be contemplated. It is only the disequilibrium of the debt, its proliferation, its promise of infinity, which keeps us going. The global, planetary debt clearly has no meaning in traditional terms of obligation and credit. On the other hand, it is our true collective claim on each other — a symbolic claim, by whic h persons, companies and nations find themselves bound to one another through lack. Each is bound to the other (even the banks) by their virtual bankruptcy , as accomplices are bound by their crime. All assured of existing for each other in the shade of a debt which cannot be settled or written off, since the repayment of the accumulated world debt would take far more than the funds available. The only sense of it, then, is to bind all civilized human beings into the same destiny as creditors. Just as nuclear weapons, stockpiled across the world to a point of considerable planetary overkill, have no other meaning than to bind all human beings into a single destiny of threat and deterrence.

I might know a way we could repay that debt.” Everything inside Darius sharpened at that comment, just like it did when he stumbled across an idea for a new experiment. “Oh?” he asked, trying to keep his voice casual. “The young lady drew me aside after she returned from her luncheon today. She made an odd request.” Darius recalled their earlier run-in at the pond. Odd didn’t begin to describe it—him stalking her through the grass in his sodden clothes and bare feet. She’d handled herself with plenty of spirit, though, and he’d thought they’d left on good terms. “I did have words with her this morning,” he admitted, though it seemed like forever ago now, with all that had happened since. “Her request did not pertain to you, sir. At least, not directly.” Darius arched a brow. “What did it pertain to?” Wellborn was always serious, but something in the man’s expression made the back of Darius’s neck prickle. “Miss Greyson requested, if anyone came to Oakhaven asking after a young woman matching her description, that I not reveal her presence here. Also, that I make her aware of the situation at once.” Darius fell back against the worktable. He grabbed the edge to steady himself. “She’s in some kind of trouble.” Wellborn dipped his chin in agreement. “It seems a logical conclusion. I’d thought to discuss the matter with you later this evening.” “Thank you for bringing it to my attention,” Darius said, ironically slipping into the same formality he had chided Wellborn for earlier. However, when a man lost his equilibrium, he tended to resort to old habits to regain his footing. “I found her phrasing of the request a bit odd.” A contemplative look came over the butler’s face. Darius mentally reviewed Wellborn’s account, analyzing each section as he would one of his journal articles until a hypothesis formed. “She’s more concerned over someone recognizing her appearance than her name.” Wellborn nodded. “That is the impression I gained.” Interesting. It seemed his new secretary might have accepted the position under false pretenses. Well, a false name, at least. Not that it mattered. The woman had proved herself more than capable. Her name didn’t matter. “Let’s adhere to her wishes for now. With one deviation.” Darius pushed up from the table and braced his legs apart, as if preparing for battle. “If anyone comes looking for her, inform me first. She deserves our protection, Wellborn. I intend to see that she gets it.

How exactly the debt should be funded was to be the most inflammatory political issue. During the Revolution, many affluent citizens had invested in bonds, and many war veterans had been paid with IOUs that then plummeted in price under the confederation. In many cases, these upright patriots, either needing cash or convinced they would never be repaid, had sold their securities to speculators for as little as fifteen cents on the dollar. Under the influence of his funding scheme, with government repayment guaranteed, Hamilton expected these bonds to soar from their depressed levels and regain their full face value. This pleasing prospect, however, presented a political quandary. If the bonds appreciated, should speculators pocket the windfall? Or should the money go to the original holders—many of them brave soldiers—who had sold their depressed government paper years earlier? The answer to this perplexing question, Hamilton knew, would define the future character of American capital markets. Doubtless taking a deep breath, he wrote that “after the most mature reflection” about whether to reward original holders and punish current speculators, he had decided against this approach as “ruinous to public credit.”25 The problem was partly that such “discrimination” in favor of former debt holders was unworkable. The government would have to track them down, ascertain their sale prices, then trace all intermediate investors who had held the debt before it was bought by the current owners—an administrative nightmare. Hamilton could have left it at that, ducking the political issue and taking refuge in technical jargon. Instead, he shifted the terms of the debate. He said that the first holders were not simply noble victims, nor were the current buyers simply predatory speculators. The original investors had gotten cash when they wanted it and had shown little faith in the country’s future. Speculators, meanwhile, had hazarded their money and should be rewarded for the risk. In this manner, Hamilton stole the moral high ground from opponents and established the legal and moral basis for securities trading in America: the notion that securities are freely transferable and that buyers assume all rights to profit or loss in transactions. The knowledge that government could not interfere retroactively with a financial transaction was so vital, Hamilton thought, as to outweigh any short-term expediency. To establish the concept of the “security of transfer,” Hamilton was willing, if necessary, to reward mercenary scoundrels and penalize patriotic citizens. With this huge gamble, Hamilton laid the foundations for America’s future financial preeminence.

What are you so afraid of?” “Nothing!” He yelled so fiercely that a pair of oxen grazing in a nearby field snorted and moved farther away from us. It was the first time I ever saw fire in Milo’s eyes. “I’m no coward. That’s not why I wouldn’t go with your brothers. I have to go with you.” “Who said so? You’re free now, Milo. Don’t you know what that means? You can come and go anywhere you like. You ought to appreciate it.” “I appreciate you, Lady Helen!” Once Milo raised his voice, he couldn’t stop. He shouted so loudly that the two oxen trotted to the far side of the pasture as fast as they could move their massive bodies. “You’re the one who gave me my freedom. If I love to be fifty, I’ll never be able to repay you!” Milo’s uproar attracted the attention of the two guards, but I waved them back when I saw them coming toward us. “Do you think you could be grateful quietly?” I asked. “This is between us, not us and all Delphi. You owe me nothing. Listen, if you leave now, you might still be able to catch up to my brothers. I’ll ask the Pythia for help. There must be at least one of Apollo’s pilgrims heading north today, one who’s going on horseback. If she tells him to carry you with him, you’ll overtake Prince Jason’s party in no time! I’ll give you whatever you’ll need for the road and--” “Then I will be in your debt,” Milo encountered. “If you say I’m free, why aren’t I free to stay with you, if that’s what I want?” “Because it’s stupid!” I forgot my own caution about keeping our voices low. I’d decided that if I couldn’t win our argument with facts, I’d do it with volume. “Don’t you see, Milo? This is a better opportunity than anything that’s waiting for you in Sparta! What could you become if you went there? A potter, a tanner, a metalsmith, maybe a farmer’s boy or a shepherd. But if you sail to Colchis with my brothers, you could be--” “Seasick,” Milo finished for me. I raised my eyebrows. “Is that why you won’t go? Not even if it means passing up a once-in-a-lifetime chance for adventures? For a real future? I’m disappointed.” Milo folded his arms. “Why don’t you just command me not to be seasick? Command me to go away and leave you, while you’re at it. Command me to join your brothers. It’s not what I want, but I guess that doesn’t matter after all.” I was about to launch into another list of reasons why he should rush after my brothers when his words stopped me. Lord Oeneus was open-handed with commands, I thought. And it was worse for Milo when his hand closed into a fist. I shouldn’t bully Milo into joining the quest for the fleece just because I wish I could do it myself. In that instant, a happy inspiration struck me with the force of one of Zeus’s own thunderbolts: Why can’t I? I found an unripe acorn lying on the ground beside me and flicked it at Milo. “All right,” I told him. “You win. You can stay with me.” A look of utter relief spread across his face until I added, “But I win too. You’re going to go with my brothers.” “But how can I do that if--?” “And so am I.

If we take God’s Word seriously, we should avoid debt when possible. In those rare cases where we go into debt, we should make every effort to get out as soon as we can. We should never undertake debt without prayerful consideration and wise counsel. Our questions should be, Why go into debt? Is the risk called for? Will the benefits of becoming servants to the lender really outweigh the costs? What should we ask ourselves before going into debt? Before we incur debt, we should ask ourselves some basic spiritual questions: Is the fact that I don’t have enough resources to pay cash for something God’s way of telling me it isn’t his will for me to buy it? Or is it possible that this thing may have been God’s will but poor choices put me in a position where I can’t afford to buy it? Wouldn’t I do better to learn God’s lesson by foregoing it until—by his provision and my diligence—I save enough money to buy it? What I would call the “debt mentality” is a distorted perspective that involves invalid assumptions: • We need more than God has given us. • God doesn’t know best what our needs are. • God has failed to provide for our needs, forcing us to take matters into our own hands. • If God doesn’t come through the way we think he should, we can find another way. • Just because today’s income is sufficient to make our debt payments, tomorrow’s will be too (i.e., our circumstances won’t change). Those with convictions against borrowing will normally find ways to avoid it. Those without a firm conviction against going into debt will inevitably find the “need” to borrow. The best credit risks are those who won’t borrow in the first place. The more you’re inclined to go into debt, the more probable it is that you shouldn’t. Ask yourself, “Is the money I’ll be obligated to repay worth the value I’ll receive by getting the money or possessions now? When it comes time for me to repay my debt, what new needs will I have that my debt will keep me from meeting? Or what new wants will I have that will tempt me to go further into debt?” Consider these statements of God’s Word: • “True godliness with contentment is itself great wealth. After all, we brought nothing with us when we came into the world, and we can’t take anything with us when we leave it. So if we have enough food and clothing, let us be content” (1 Timothy 6:6-8). • “Those who love money will never have enough. How meaningless to think that wealth brings true happiness!” (Ecclesiastes 5:10). • “My child, don’t lose sight of common sense and discernment. Hang on to them, for they will refresh your soul. They are like jewels on a necklace. They keep you safe on your way, and your feet will not stumble. You can go to bed without fear; you will lie down and sleep soundly. You need not be afraid of sudden disaster or the destruction that comes upon the wicked, for the LORD is your security. He will keep your foot from being caught in a trap” (Proverbs 3:21-26). • “Don’t copy the behavior and customs of this world, but let God transform you into a new person by changing the way you think. Then you will learn to know God’s will for you, which is good and pleasing and perfect” (Romans 12:2).