Budget Deficit Quotes - Page 2

• From the earliest days, the Rothschilds appreciated the importance of proximity to politicians, the men who determined not only the extent of budget deficits but also the domestic and foreign policies.

  Niall Ferguson

  Men, World, Determined

  Niall Ferguson (1998). “The House of Rothschild: Money's prophets, 1798-1848”, Viking Press

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• Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.

  Francois Hollande

  Years, Law, Constitution

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• Europe is right to tell us to reduce this [France's budget] deficit and spend less. Europe is right to demand this of us but cannot at the same time demand us to increase our dues.

  Nicolas Sarkozy

  Europe, Demand, France

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• The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.

  Robert Reich

  Class, America, Long

  "Why We Must Raise Taxes on the Rich" by Robert Reich, www.huffingtonpost.com. April 4, 2011.

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• There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries.

  Robert C. Solomon

  Country, Growth, Trying

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• Bush may be a strong leader in the war on terrorism, but on budget deficits he is missing-in-action.

  Jim Cooper

  Leadership, Strong, War

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• If you took every single penny that Warren Buffett has, it'd pay for 4-1/2 days of the US government. This tax-the-rich won't work. The problem here is the government is way bigger than even the capacity of the rich to sustain it. The Buffett Rule would raise $3.2 billion a year, and take 514 years just to pay off Obama's 2011 budget deficit.

  Mark Steyn

  Government, Years, Pay

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• The federal budget deficit is the biggest single impediment to revitalizing the American economy.

  Alice Rivlin

  Economics, Economy, Deficit

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• In a time of serious budget deficits, immense war costs and a sluggish economy, we cannot afford to grant such outlandish subsidies to some of our Nations largest corporations.

  Ron Kind

  War, Cost, Subsidies

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• Having a trade deficit and a budget deficit, it's two different things.

  Stephanie Ruhle

  Two, Different, Trade

  Source: www.realclearpolitics.com

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• The [budget] deficit isn't the immediate problem for most people, the weak economy is.

  Cynthia Tucker

  People, Problem, Weak

  Source: www.nbcnews.com

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• Arnold was on the 'Today' show today, he was a little light on specifics. He said he could solve California's $38 billion budget deficit, without cutting spending or raising taxes because there was a third way. What is it? Let's just say it involves a robot going back in time to convince Gray Davis to go into dentistry.

  Bill Maher

  Cutting, California, Light

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• To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

  Ben Bernanke

  Defense, Entitlement, Social

  "Economic Challenges: Past, Present, and Future". Speech at the Dallas Regional Chamber, Dallas, Texas, www.federalreserve.gov. April 07, 2010.

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• I will bring our energy companies back. They'll be able to compete. They'll make money. They'll pay off our national debt. They'll pay off our tremendous budget deficits, which are tremendous.

  Donald Trump

  Energy, Debt, Pay

  Donald Trump during Presidential Debate at Washington University St. Louis, Missouri, www.nytimes.com. October 10, 2016.

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• A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

  Henry Hazlitt

  Welfare Programs, Issues, Paper

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.184, Ludwig von Mises Institute

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• The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause budget deficits to soar. The U.S. dollar, which has become a mere corollary of government finance, is likely to survive the soaring deficits.

  Hans F. Sennholz

  Spring, Government, Dollars

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• A city suffering from chronic poverty, out-of-control crime, a $76 million budget deficit and a 15 percent unemployment rate (nearly 50 percent for Oakland's youth) can hardly afford such social justice follies. But a pushover Democratic mayor and an overwhelmed police force have left what's left of gainfully employed Oakland taxpayers at the mercy of professional freeloaders and anti-capitalism saboteurs.

  Michelle Malkin

  Cities, Oakland, Justice

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• I get a headache when I hear supporters of this endless warfare complaining about the federal budget deficits. They're like arsonists complaining about the smell of smoke in the neighborhood.

  Bob Herbert

  Smell, Warfare, Complaining

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• The federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal.
  Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both.

  Robert Reich

  Jobs, Goal, Growth

  "Why We Should Stop Obsessing About the Federal Budget Deficit headshot" by Robert Reich, www.huffingtonpost.com. November 18, 2012.

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• The climate, financial and national security crises are all connected. They share the same cause: Our [the USA's] absurd dependency on foreign oil. As long as we need to spend billions of dollars each year to buy foreign oil from state-run oil companies in the Persian Gulf, our problems of a trade deficit, a budget deficit and a climate crisis will persist.

  Al Gore

  Running, Years, Usa

  "'I Am Optimistic'". Interview with Philip Bethge, Gregor Peter Schmitz and Gabor Steingart, www.spiegel.de. November 02, 2009.

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• If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. ... There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it, we need it in order to get some fiscal stimulus.

  Paul Krugman

  Twilight, Order, Space

  "Paul Krugman Calls for Space Aliens to Attack Earth Requiring Massive Defense Buildup to Stimulate Economy". "Fareed Zakaria GPS", www.newsbusters.org. August 14, 2011.

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• And there are a lot of groups or mayors that might say, hey, I need the money. I have budget deficit, so I have to do it and they do it. It doesn't matter what the community wants or where the money comes from?

  Eric Bolling

  Community, Groups, Needs

  Source: www.foxnews.com

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• I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.

  James M. Buchanan

  Running, Mean, Creating

  Source: www.aims.ca

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