--- title: "Meaning & Key Takeaway of: Debt is not caused by spending, it is…" description: "\"Debt is not caused by spending, it is caused by buying things that you don't pay for. Or, it's caused by cutting revenues that you don't offset ... by ..." image: "https://sms4smile.com/quotes/i/2d5/steny-hoyer-56888_buying_debt-is-not-caused-by-spending-it-is-cau_2084557.jpg" --- # Debt is not caused by spending, it is caused by buying… ![“Debt is not caused by spending, it is caused by buying things that you don't pay for. Or, it's caused by cutting revenues that you don't offset ... by cuts in spending.” quote by Steny Hoyer](https://sms4smile.com/quotes/i/2d5/steny-hoyer-56888_buying_debt-is-not-caused-by-spending-it-is-cau_2084557.jpg) [Download](https://sms4smile.com/quotes/i/2d5/steny-hoyer-56888_buying_debt-is-not-caused-by-spending-it-is-cau_2084557.jpg) [Open image](https://sms4smile.com/quotes/i/2d5/steny-hoyer-56888_buying_debt-is-not-caused-by-spending-it-is-cau_2084557.jpg) > “Debt is not caused by spending, it is caused by buying things that you don't pay for. Or, it's caused by cutting revenues that you don't offset ... by cuts in spending.” [Steny Hoyer](https://sms4smile.com/quotes/author/steny-hoyer/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Debt arises from acquiring assets without payment or offsetting revenue cuts, not merely from spending. **In simple terms:** Debt comes from buying unpaid things and cutting revenue without balancing. Key Takeaway Balance spending with revenue and avoid unpaid purchases. Themes finance budgeting responsibility Mood cautious analytical Type advisory educational When to use this quote - personal finance - government budgeting - business planning - investment decisions Key Concepts cash flow fiscal policy deficit management Questions to Reflect On - How can you align expenses with income? - What strategies prevent revenue shortfalls? A Different Perspective Ignoring revenue offsets leads to unsustainable debt. ★ ★ ★ ★ ★ No ratings yet [Buying](https://sms4smile.com/quotes/about/buying/) [Buying things](https://sms4smile.com/quotes/about/buying-things/) [Caused Spending](https://sms4smile.com/quotes/about/caused-spending-4088814/) [Cutting](https://sms4smile.com/quotes/about/cutting/) [Debt](https://sms4smile.com/quotes/about/debt/) [Debt Caused](https://sms4smile.com/quotes/about/debt-caused-4088813/) [Pay](https://sms4smile.com/quotes/about/pay/) [Revenue](https://sms4smile.com/quotes/about/revenue/) [Spending](https://sms4smile.com/quotes/about/spending/) [Spending Caused](https://sms4smile.com/quotes/about/spending-caused-4088812/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [Deficits, as I've often said, aren't caused by too little taxing, they're caused by too much spending. Presidents can't appropriate a dollar of tax…](https://sms4smile.com/quotes/ronald-reagan/deficits-as-i-ve-often-said-aren-t-caused-by-too-little-taxing-they/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have…](https://sms4smile.com/quotes/philip-slater/our-economy-is-based-on-spending-billions-to-persuade-people-that/) [Philip Slater](https://sms4smile.com/quotes/author/philip-slater/) > [Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.](https://sms4smile.com/quotes/charlie-munger/who-would-want-one-s-children-growing-up-buying-things-like-bitcoin-i/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Basically we get confused a bit about what retail is. It is really just buying things, putting them on a floor and selling them.](https://sms4smile.com/quotes/gerry-harvey/basically-we-get-confused-a-bit-about-what-retail-is-it-is-really/) [Gerry Harvey](https://sms4smile.com/quotes/author/gerry-harvey/) > [You think money can solve any problem, but all it s good for is buying the things it can, and leaving you free to…](https://sms4smile.com/quotes/ann-herendeen/you-think-money-can-solve-any-problem-but-all-it-s-good-for-is-buying/) [Ann Herendeen](https://sms4smile.com/quotes/author/ann-herendeen/) > [Truth is, people like buying things for $0.99 and $1.99 for their digital devices. We know that from iTunes. We know that from the…](https://sms4smile.com/quotes/jennifer-lee/truth-is-people-like-buying-things-for-0-99-and-1-99-for-their/) [Jennifer Lee](https://sms4smile.com/quotes/author/jennifer-lee/) > [If we didn't have the Chinese buying things, we'd be on the floor.](https://sms4smile.com/quotes/vivienne-westwood/if-we-didn-t-have-the-chinese-buying-things-we-d-be-on-the-floor/) [Vivienne Westwood](https://sms4smile.com/quotes/author/vivienne-westwood/) > [It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise,…](https://sms4smile.com/quotes/warren-buffett/it-s-nice-to-have-a-lot-of-money-but-you-know-you-don-t-want-to-keep/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [So, where are the robots? We've been told for 40 years already that they're coming soon. Very soon they'll be doing everything for us.…](https://sms4smile.com/quotes/hod-lipson/so-where-are-the-robots-we-ve-been-told-for-40-years-already-that/) [Hod Lipson](https://sms4smile.com/quotes/author/hod-lipson/) > [There's a whole generation of women who never really heard the word investment before, when it came to fashion. They've been buying things because…](https://sms4smile.com/quotes/michael-kors/there-s-a-whole-generation-of-women-who-never-really-heard-the-word/) [Michael Kors](https://sms4smile.com/quotes/author/michael-kors/) > [The smartest thing legislatures can do is get rid of lotteries and get those dollars buying consumer goods and get the sales tax revenues…](https://sms4smile.com/quotes/john-warren-kindt/the-smartest-thing-legislatures-can-do-is-get-rid-of-lotteries-and/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [“Buying things is only sometimes about owning the things. Buying often is simply about what 50 Cent observed: being ABLE to buy. Having less…](https://sms4smile.com/quotes/harry-beckwith/buying-things-is-only-sometimes-about-owning-the-things-buying-often/) [Harry Beckwith](https://sms4smile.com/quotes/author/harry-beckwith/) > [Federal election laws bar candidates from the 'personal use' of campaign donations - a ban meant to stop candidates from buying things unrelated to…](https://sms4smile.com/quotes/david-fahrenthold/federal-election-laws-bar-candidates-from-the-personal-use-of/) [David Fahrenthold](https://sms4smile.com/quotes/author/david-fahrenthold/) > [I love buying things. I could be one of those crazy hoarders.](https://sms4smile.com/quotes/anna-chancellor/i-love-buying-things-i-could-be-one-of-those-crazy-hoarders/) [Anna Chancellor](https://sms4smile.com/quotes/author/anna-chancellor/) > [“Too many people are buying things they can't afford, with money that they don't have... to impress people that they don't like!" Nothing to…](https://sms4smile.com/quotes/will-smith/too-many-people-are-buying-things-they-can-t-afford-with-money-that/) [Will Smith](https://sms4smile.com/quotes/author/will-smith/) ## More by Steny Hoyer > [Senator Mitch McConnell, the Republican leader in the Senate, said that Republicans' number one priority was the defeat of President Obama.](https://sms4smile.com/quotes/steny-hoyer/senator-mitch-mcconnell-the-republican-leader-in-the-senate-said-that/) [Steny Hoyer](https://sms4smile.com/quotes/author/steny-hoyer/) > [My friend Paul Ryan talks about fiscal responsibility, but voted to put two wars on a credit card.](https://sms4smile.com/quotes/steny-hoyer/my-friend-paul-ryan-talks-about-fiscal-responsibility-but-voted-to/) [Steny Hoyer](https://sms4smile.com/quotes/author/steny-hoyer/) > [Barack Obama and Joe Biden have been working hard to help middle-class families make it in America.](https://sms4smile.com/quotes/steny-hoyer/barack-obama-and-joe-biden-have-been-working-hard-to-help-middle/) [Steny Hoyer](https://sms4smile.com/quotes/author/steny-hoyer/) > [But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.](https://sms4smile.com/quotes/steny-hoyer/but-despite-historic-levels-of-obstruction-president-obama-was-able/) [Steny Hoyer](https://sms4smile.com/quotes/author/steny-hoyer/) > [I think the American public has gone from really almost white-hot anger in 2010 to an anxiety knowing their government needs to work.](https://sms4smile.com/quotes/steny-hoyer/i-think-the-american-public-has-gone-from-really-almost-white-hot/) [Steny Hoyer](https://sms4smile.com/quotes/author/steny-hoyer/) [Explore all 6 Steny Hoyer quotes ](https://sms4smile.com/quotes/author/steny-hoyer/) ## More Buying quotes > [To me, the beauty of a quilt or a dress lies within the stitches and the thought of the person who made them. When…](https://sms4smile.com/quotes/natalie/to-me-the-beauty-of-a-quilt-or-a-dress-lies-within-the-stitches-and/) [Natalie](https://sms4smile.com/quotes/author/natalie/) > [Look at music for what it's worth around the world and not just America. In other countries, people are still buying CDs and going…](https://sms4smile.com/quotes/snoop-dogg/look-at-music-for-what-it-s-worth-around-the-world-and-not-just/) [Snoop Dogg](https://sms4smile.com/quotes/author/snoop-dogg/) > [Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying…](https://sms4smile.com/quotes/marc-ostrofsky/corporations-invest-in-sophisticated-crm-or-customer-relationship/) [Marc Ostrofsky](https://sms4smile.com/quotes/author/marc-ostrofsky/) > [I'm being called in by all the great casting directors. It's no longer based on a headshot. I realize now what they're buying is…](https://sms4smile.com/quotes/nicholas-gonzalez/i-m-being-called-in-by-all-the-great-casting-directors-it-s-no-longer/) [Nicholas Gonzalez](https://sms4smile.com/quotes/author/nicholas-gonzalez/) > [Whether you are buying a car or casting a ballot, choosing a job or planning a family, follow your moral compass. Don't let others…](https://sms4smile.com/quotes/denis-hayes/whether-you-are-buying-a-car-or-casting-a-ballot-choosing-a-job-or/) [Denis Hayes](https://sms4smile.com/quotes/author/denis-hayes/) > [A hardback's harder at Christmas time because that's a good hardback buying time.](https://sms4smile.com/quotes/terry-pratchett/a-hardback-s-harder-at-christmas-time-because-that-s-a-good-hardback/) [Terry Pratchett](https://sms4smile.com/quotes/author/terry-pratchett/) > [Truth is, people like buying things for $0.99 and $1.99 for their digital devices. We know that from iTunes. We know that from the…](https://sms4smile.com/quotes/jennifer-lee/truth-is-people-like-buying-things-for-0-99-and-1-99-for-their/) [Jennifer Lee](https://sms4smile.com/quotes/author/jennifer-lee/) > [There's a whole generation of women who never really heard the word investment before, when it came to fashion. They've been buying things because…](https://sms4smile.com/quotes/michael-kors/there-s-a-whole-generation-of-women-who-never-really-heard-the-word/) [Michael Kors](https://sms4smile.com/quotes/author/michael-kors/) > [I think buying a home is the best investment that any individual can make](https://sms4smile.com/quotes/john-paulson/i-think-buying-a-home-is-the-best-investment-that-any-individual-can/) [John Paulson](https://sms4smile.com/quotes/author/john-paulson/) > [The more a prospective customer clicks on you and your stuff, the easier it is for them to make a buying decision in your…](https://sms4smile.com/quotes/jeffrey-gitomer/the-more-a-prospective-customer-clicks-on-you-and-your-stuff-the/) [Jeffrey Gitomer](https://sms4smile.com/quotes/author/jeffrey-gitomer/) > [“If you have half a nothing - sell it for a double something, resell half at double-price, and buy another something and a half…](https://sms4smile.com/quotes/will-advise/if-you-have-half-a-nothing-sell-it-for-a-double-something-resell-half/) [Will Advise](https://sms4smile.com/quotes/author/will-advise/) > [Every kid looks forward to buying their first JanSport backpack for school - you know my kids did!](https://sms4smile.com/quotes/michelle-buteau/every-kid-looks-forward-to-buying-their-first-jansport-backpack-for/) [Michelle Buteau](https://sms4smile.com/quotes/author/michelle-buteau/) > [What is the focus of the new image infrastructure? Attention. It's all designed for capturing, tracking, quantifying, manipulating, holding, buying, selling and controlling attention.](https://sms4smile.com/quotes/bruce-mau/what-is-the-focus-of-the-new-image-infrastructure-attention-it-s-all/) [Bruce Mau](https://sms4smile.com/quotes/author/bruce-mau/) > [It’s always going to be easy to live like others or other’s life, because creating or innovating something of own is always difficult in…](https://sms4smile.com/quotes/anuj/it-s-always-going-to-be-easy-to-live-like-others-or-other-s-life/) [Anuj](https://sms4smile.com/quotes/author/anuj/) > [The truth is, if I was maybe better or funnier or prettier, wouldn't I have starred in a movie? I can see it objectively…](https://sms4smile.com/quotes/judy-greer/the-truth-is-if-i-was-maybe-better-or-funnier-or-prettier-wouldn-t-i/) [Judy Greer](https://sms4smile.com/quotes/author/judy-greer/) [Browse all 1,598 Buying quotes ](https://sms4smile.com/quotes/about/buying/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Debt is not caused by spending, it is caused by buying things that you don't pay for. 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