--- title: "8 Going Debt Quotes by 8 authors" description: "Browse 8 Going Debt quotes by 8 authors. Discover the best Going Debt sayings and thoughts." image: "https://sms4smile.com/quotes/i/f49/ward-cunningham-30213_code_shipping-first-time-code-is-like-going-i_88776.jpg" --- > [Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly…](https://sms4smile.com/quotes/ward-cunningham/shipping-first-time-code-is-like-going-into-debt-a-little-debt-speeds/) [Ward Cunningham](https://sms4smile.com/quotes/author/ward-cunningham/) [Image](https://sms4smile.com/quotes/i/f49/ward-cunningham-30213_code_shipping-first-time-code-is-like-going-i_88776.jpg) > [“Almost half of Americans would be unable to pay a $400 medical emergency bill without going into debt.67”](https://sms4smile.com/quotes/edward-luce/almost-half-of-americans-would-be-unable-to-pay-a-400-medical/) [Edward Luce](https://sms4smile.com/quotes/author/edward-luce/) [Image](https://sms4smile.com/quotes/i/ab5/edward-luce-10080_debt_almost-half-of-americans-would-be-unable_462271.jpg) > [But the basic principle that we’re going to have to see some of this debt written down, that the government is going…](https://sms4smile.com/quotes/barack-obama/but-the-basic-principle-that-we-re-going-to-have-to-see-some-of-this/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) [Image](https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg) > [We've turned the post-war economy that made America prosperous and rich inside out. Somehow most people believed they could get rich by…](https://sms4smile.com/quotes/michael-hudson/we-ve-turned-the-post-war-economy-that-made-america-prosperous-and/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/8b5/michael-hudson-2134_economics_we-ve-turned-the-post-war-economy-that-m_986743.png) > [The public psychology of going into debt for gain passes through several more or less distinct phases: (a) the lure of big…](https://sms4smile.com/quotes/irving-fisher/the-public-psychology-of-going-into-debt-for-gain-passes-through/) [Irving Fisher](https://sms4smile.com/quotes/author/irving-fisher/) [Image](https://sms4smile.com/quotes/i/53f/irving-fisher-29435_advantage_the-public-psychology-of-going-into-debt_1819491.jpg) > [Not only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again.](https://sms4smile.com/quotes/jerry-bridges/not-only-has-the-debt-of-our-sins-been-fully-paid-there-is-no/) [Jerry Bridges](https://sms4smile.com/quotes/author/jerry-bridges/) [Image](https://sms4smile.com/quotes/i/c6e/jerry-bridges-1451_debt_not-only-has-the-debt-of-our-sins-been-f_1995699.png) > [One of the biggest misapprehensions about Donald Trump is that he's going to be profligate. He said to me, 'Scott, what are…](https://sms4smile.com/quotes/scott-bessent/one-of-the-biggest-misapprehensions-about-donald-trump-is-that-he-s/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) [Image](https://sms4smile.com/quotes/i/a31/scott-bessent-8205_control_one-of-the-biggest-misapprehensions-abou_2097887.jpg) > [We all think we're going to get out of debt.](https://sms4smile.com/quotes/louie-anderson/we-all-think-we-re-going-to-get-out-of-debt/) [Louie Anderson](https://sms4smile.com/quotes/author/louie-anderson/) [Image](https://sms4smile.com/quotes/i/bf3/louie-anderson-9861_debt_we-all-think-we-re-going-to-get-out-of-d_2735007.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/going-debt/#itemlist", "name": "Going Debt Quotes", "numberOfItems": 8, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.", "creator": { "@type": "Person", "name": "Ward Cunningham" }, "url": "https://sms4smile.com/quotes/ward-cunningham/shipping-first-time-code-is-like-going-into-debt-a-little-debt-speeds/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f49/ward-cunningham-30213_code_shipping-first-time-code-is-like-going-i_88776.jpg", "contentUrl": "https://sms4smile.com/quotes/i/f49/ward-cunningham-30213_code_shipping-first-time-code-is-like-going-i_88776.jpg", "url": "https://sms4smile.com/quotes/i/f49/ward-cunningham-30213_code_shipping-first-time-code-is-like-going-i_88776.jpg", "width": 1080, "height": 1080, "caption": "“Shipping first time code is like going into debt. A little debt speeds development so long as it is paid…” — Ward Cunningham", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "“Almost half of Americans would be unable to pay a $400 medical emergency bill without going into debt.67”", "creator": { "@type": "Person", "name": "Edward Luce" }, "url": "https://sms4smile.com/quotes/edward-luce/almost-half-of-americans-would-be-unable-to-pay-a-400-medical/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ab5/edward-luce-10080_debt_almost-half-of-americans-would-be-unable_462271.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ab5/edward-luce-10080_debt_almost-half-of-americans-would-be-unable_462271.jpg", "url": "https://sms4smile.com/quotes/i/ab5/edward-luce-10080_debt_almost-half-of-americans-would-be-unable_462271.jpg", "width": 1080, "height": 1080, "caption": "“Almost half of Americans would be unable to pay a $400 medical emergency bill without going into debt.67” — Edward Luce", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.", "creator": { "@type": "Person", "name": "Barack Obama" }, "url": "https://sms4smile.com/quotes/barack-obama/but-the-basic-principle-that-we-re-going-to-have-to-see-some-of-this/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg", "contentUrl": "https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg", "url": "https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg", "width": 1080, "height": 1080, "caption": "“But the basic principle that we’re going to have to see some of this debt written down, that the government…” — Barack Obama", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "We've turned the post-war economy that made America prosperous and rich inside out. Somehow most people believed they could get rich by going into debt to borrow assets that were going to rise in price. But you can't get rich, ultimately, by going into debt. In the end the creditors always win.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/we-ve-turned-the-post-war-economy-that-made-america-prosperous-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8b5/michael-hudson-2134_economics_we-ve-turned-the-post-war-economy-that-m_986743.png", "contentUrl": "https://sms4smile.com/quotes/i/8b5/michael-hudson-2134_economics_we-ve-turned-the-post-war-economy-that-m_986743.png", "url": "https://sms4smile.com/quotes/i/8b5/michael-hudson-2134_economics_we-ve-turned-the-post-war-economy-that-m_986743.png", "width": 1080, "height": 1080, "caption": "“We've turned the post-war economy that made America prosperous and rich inside out. Somehow most people…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "The public psychology of going into debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the public to great expectations; (d) the development of downright fraud, imposing on a public which had grown credulous and gullible.", "creator": { "@type": "Person", "name": "Irving Fisher" }, "url": "https://sms4smile.com/quotes/irving-fisher/the-public-psychology-of-going-into-debt-for-gain-passes-through/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/53f/irving-fisher-29435_advantage_the-public-psychology-of-going-into-debt_1819491.jpg", "contentUrl": "https://sms4smile.com/quotes/i/53f/irving-fisher-29435_advantage_the-public-psychology-of-going-into-debt_1819491.jpg", "url": "https://sms4smile.com/quotes/i/53f/irving-fisher-29435_advantage_the-public-psychology-of-going-into-debt_1819491.jpg", "width": 1080, "height": 1080, "caption": "“The public psychology of going into debt for gain passes through several more or less distinct phases: (a)…” — Irving Fisher", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Not only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again.", "creator": { "@type": "Person", "name": "Jerry Bridges" }, "url": "https://sms4smile.com/quotes/jerry-bridges/not-only-has-the-debt-of-our-sins-been-fully-paid-there-is-no/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c6e/jerry-bridges-1451_debt_not-only-has-the-debt-of-our-sins-been-f_1995699.png", "contentUrl": "https://sms4smile.com/quotes/i/c6e/jerry-bridges-1451_debt_not-only-has-the-debt-of-our-sins-been-f_1995699.png", "url": "https://sms4smile.com/quotes/i/c6e/jerry-bridges-1451_debt_not-only-has-the-debt-of-our-sins-been-f_1995699.png", "width": 1080, "height": 1080, "caption": "“Not only has the debt (of our sins) been fully paid, there is no possibility of ever going into debt again.” — Jerry Bridges", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "One of the biggest misapprehensions about Donald Trump is that he's going to be profligate. He said to me, 'Scott, what are we going to do about the debt and deficits? How are we going to get those under control without causing a recession?' I said it's not going to be easy.", "creator": { "@type": "Person", "name": "Scott Bessent" }, "url": "https://sms4smile.com/quotes/scott-bessent/one-of-the-biggest-misapprehensions-about-donald-trump-is-that-he-s/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a31/scott-bessent-8205_control_one-of-the-biggest-misapprehensions-abou_2097887.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a31/scott-bessent-8205_control_one-of-the-biggest-misapprehensions-abou_2097887.jpg", "url": "https://sms4smile.com/quotes/i/a31/scott-bessent-8205_control_one-of-the-biggest-misapprehensions-abou_2097887.jpg", "width": 1080, "height": 1080, "caption": "“One of the biggest misapprehensions about Donald Trump is that he's going to be profligate. He said to me…” — Scott Bessent", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "We all think we're going to get out of debt.", "creator": { "@type": "Person", "name": "Louie Anderson" }, "url": "https://sms4smile.com/quotes/louie-anderson/we-all-think-we-re-going-to-get-out-of-debt/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bf3/louie-anderson-9861_debt_we-all-think-we-re-going-to-get-out-of-d_2735007.jpg", "contentUrl": "https://sms4smile.com/quotes/i/bf3/louie-anderson-9861_debt_we-all-think-we-re-going-to-get-out-of-d_2735007.jpg", "url": "https://sms4smile.com/quotes/i/bf3/louie-anderson-9861_debt_we-all-think-we-re-going-to-get-out-of-d_2735007.jpg", "width": 1080, "height": 1080, "caption": "“We all think we're going to get out of debt.” — Louie Anderson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/going-debt/#webpage", "url": "https://sms4smile.com/quotes/about/going-debt/", "name": "Going Debt Quotes", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/going-debt/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/f49/ward-cunningham-30213_code_shipping-first-time-code-is-like-going-i_88776.jpg" }, "description": "Browse 8 Going Debt quotes by 8 authors. 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