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Many have amassed great wealth, but too often, they have reaped big gains while saddling their acquisitions with debilitating debt.
Instead, as documented in many online news sources foreign aid to Haiti in the form of loans ended up putting the nation into continued, debilitating debt: by "2003, Haiti spent $57.4 million to service its debt, while total foreign assistance for education, health care and other services was a mere $39.21 million" (quoting Blog the Debt).
There is nothing moral about housing policies so out of touch with human needs that some citizens suffer hunger and debilitating debt while others prosper by owning several billion pounds' worth of land stolen from the common good by their ancestors.
You will be saddled with debilitating debt.
No wonder so many people prefer a life of debilitating debt to one of frugality.
But the global recession of the 70's created large imbalances of wealth and many developing countries were driven deep into debilitating debt.
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She erased nearly $5bn£3.2bnbn) in debilitating foreign debt in just three years.
Senator Bob Corker, Republican of Tennessee, went to the Senate floor on Tuesday night to say his party should accept tax rate increases on the top 2 percent of households now, then battle Mr. Obama on spending early next year when Congress must raise the government's statutory borrowing limit or risk a debilitating government debt default.
According to Erikson, the last question we ask in the final developmental stage of old age is: "Is it okay to have been me?" Today's twenty-somethings may be asking a variation of this 50 years early: "Is it okay to be who I'm about to be?" Despite debilitating student debt and a precarious job economy, millennials feel excuseless; we know our potential has no ceiling.
In its report for 2000, the Worldwatch Institute cited the dangers it had foreseen in 1984 -- "record rates of population growth, soaring oil prices, debilitating levels of international debt and extensive damage to forests from the new phenomenon of acid rain" -- and lamented that "we are about to enter a new century having solved few of these problems".
In no other civilized nation would the Leming family face this double tragedy of debilitating illness and deep debt.
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