Navient's actions have led to student borrowers needlessly carrying billions of dollars in debt, and the company must be held accountable.
You watch television and see what's going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing's going to get fixed until the President himself steps up and wrangles both parties in Congress.
I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.
Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life.
Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.
The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.
It's very difficult to explain to a normal working citizen the implications of what $18 trillion in debt means and what it means when the Federal Reserve buys the U.S. Treasury bonds to finance our loss every month.
The call for debt cancellation is welcome, but debt does not just go away.
I have been working for Africans since I was 18, when I got involved with the Nelson Mandela concerts. I got involved with debt cancellation because Desmond Tutu demanded that the world respond to that situation.
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.
Obama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected.
I always think a debt ceiling is a good tool to carry something.
The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn't do it.
Debt, n. An ingenious substitute for the chain and whip of the slavedriver.
As the founder and former chief executive of two publicly traded companies, I have had a great deal of exposure to how debt markets work.
First our pleasures die - and then our hopes, and then our fears - and when these are dead, the debt is due dust claims dust - and we die too.
If you have debt I'm willing to bet that general clutter is a problem for you too.
In fighting the debt crisis, E.U. countries have enhanced co-operation and carried out reform with tremendous courage. This is laudable.
It defies logic that protections against predatory debt collection practices don't apply to debt collectors hired by the federal government.