During a statement Monday, Flaherty reminded Canadians about the dangers
of irresponsible borrowing.
Because the ramifications
of irresponsible borrowing can be long - lasting and serious, here are some helpful tips.
«That this House notes that young people today grow up in an increasingly complex financial world requiring them to make difficult decisions for the future, often without the necessary level of financial literacy; believes that financial education will help address the national problem
of irresponsible borrowing and personal insolvency and that teaching people about budgeting and personal finance will help equip the workforce with the necessary skills to succeed in business and drive forward economic growth; further believes that the country has a duty to equip its young people properly through education to make informed financial decisions; and calls on the Government to consider the provision of financial education as part of the current curriculum review.»
Not exact matches
Labour must stop these
irresponsible calls for more spending, more
borrowing and more debt in the middle
of a debt crisis.»
«I think it would be
irresponsible to
borrow your way out
of a crisis, ride off into the sunset like you've done something when all you've done is subjected the next generation to what you had to live with,» Paterson said.
Rhodes expressed additional objections to what he perceives to be exaggerations
of revenues for the 2012 fiscal year by 25 percent, which led to
irresponsible borrowing and an ultimate inability to efficiently pay down the town's deficit.
As a consequence, Labour's plans to
borrow an additional # 50bn over the course
of the parliament were derided by coalition ministers as
irresponsible and potentially ruinous to our economic health.
As some know, I worked my way through $ 50,000 worth
of credit card debt ($ 75,000 overall) from
irresponsible borrowing and spending.
The rash,
irresponsible borrowing decisions that millions
of us have taken recently will be around to haunt the next generation.
The database is operated by China's top court, reports the Times, which says it's part
of a «growing effort by officials to rein in
irresponsible borrowing — including by naming and shaming.»
The primary mortgage market in the United States was unfortunately experiencing a high level
of irresponsible lending and
borrowing in prior years, ultimately becoming the cause
of our great recession.