Sentence examples for act of debt from inspiring English sources

This would be the single largest act of debt reduction in American history, cutting some $1.2 trillion from the deficit over the next two years.

For most Americans a comparable "irresponsible" act of debt is called buying a house, for which they then work hard and creatively to pay the mortgage.

The banks protested their innocence.Fifteen Japanese banks waived debts of ¥450 billion ($4.2 billion) owed by Kumagai Gumi, a poorly performing Japanese construction company, in Japan's most generous act of debt-forgiveness.

Debt negotiation is the act of settling a debt for less than what you owe.

These remedies and procedures, however, may be authorized with respect to debts that are exempt from the Debt Collection Act of 1982 and the Debt Collection Improvement Act of 1996, to the extent they are authorized under some other statute or the common law.

On this subject, we also note that an attempt has been made recently to defame Greece in connection with a conventional currency swap between the Greek economy ministry and Goldman Sachs at the end of 2001 – one out of hundreds transacted at that time by all member states in straightforward acts of public debt management.

Critics, however, argue that the act of converting such debt to reserves could in itself start a banking panic.

If America is the land of second chances why is the act of paying your debt to society so hard to bring to a close?

In addition to the concrete actions mentioned above, the very act of speaking about debt from the pulpit could be transformative.

That is almost perfectly incorrect: the act of raising the debt ceiling is actually a ritual in which Congress acknowledges the expenses of its collective past actions and reaffirms its promise to make good on its obligations.

If the Democrats cave into the GOP and agree to Medicare cuts in exchange for the necessary and routine act of raising the debt ceiling, they will be every bit as responsible as the GOP for the pain the country experiences, and will get their share of the blame.