Sentences with phrase «debt mountain»
The phrase "debt mountain" refers to a large amount of money that a person, company, or country owes to others. It implies that the amount of debt is so big that it seems like a towering mountain that is difficult to overcome or pay off. Full definition
As the British blogger John Ward eloquently notes, this elite routinely ignores the individual, ignores State sovereignty, ignores debt mountains, ignores currency realities, ignores poverty, ignores its responsibilities and above all, ignores every legal and constitutional obstacle in its way.
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«That was the great moderation — the great moderation was a lie and a Ponzi scheme built on these massive debt mountains.
This is the easiest way out from under the debt mountain.
They both inherited an economy in serious trouble with a debt mountain, and are desperately trying to turn it around.
But the smart money (if there is any left) has to be on a far longer and deeper recession than the Chancellor can bring himself to admit: job losses on the scale of the early 1980s, an avalanche of business failures and home repossessions and a debt mountain even more menacing than the Atlas conceded in his statement.
'' # 15 billion of efficiency savings are a welcome start, but they are dwarfed by the debt mountain that the chancellor plans to run up.
If the economy continues to recover, and the Tories succeed in getting to grips with the country's debt mountain, they hope to «go further» by the end of the next parliament, either by offering more money in tax reductions, or increasing the numbers of people who qualify for them or both.
Tory minister has tripped over Tory MP to claim, fairly, that Miliband does not care about the UK's debt mountain and deficit.
The ministers believe that some «sacred cows» will have to be sacrificed in the effort to reduce Britain's debt mountain.
Also it encourages people to pay off their debt mountain before it overwhelms them.
However, if you need a few small, quick wins, and some help getting over the intimidation of your debt mountain, then the debt snowflake will be a good bet.
If you need to see a strong sense of progress you may want to start conquering smaller balances first as you tackle your debt mountain.
That's not bad, but you will need to organize your finances before conquering your debt mountain.