Instead of explaining the sober facts of mechanics and electricity, I want to say a few words about the debt which we owe to youth; and with your permission I shall consider you as representing here not only the academic youth of Sweden nor even of Europe but also of America.

Debt, n. An ingenious substitute for the chain and whip of the slavedriver.

A church debt is the devil's salary.

I like my players to be married and in debt. That's the way you motivate them.

After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money we don't have. But, instead of cutting, we saw an unprecedented explosion of government spending and debt, unlike anything we have seen in the history of our country.

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.

But obviously, we're looking for all good ideas to help deal with our long-term debt problem. This is something that is going to affect our economy. It affects our kids. And we need to deal with it.

We all think we're going to get out of debt.

What our Republican friends are doing, if we look at what they do and not what they say, they have decided that the most important thing in this country is to increase payments for interest on the national debt.

It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.