George Augustus Gates, president of Pomona College, emphasizes various forms of debt, particularly the ethical obligation of gratitude toward those who have contributed to one's well-being and civilization. He reflects on the beauty and importance of recognizing such debts, asserting that gratitude enriches human experience and underscores a deeper connection to the universe and each other. Gates ultimately argues that acknowledging our debts, especially to a personal God, is fundamental to a meaningful existence, despite the presence of societal injustices and personal challenges.