We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
The U. S. trade deficit with China shows that while we value the potential of their market, they value the reality of our market. It is in this area that we should use our leverage.
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
To reverse the trend and reduce the role of government in our lives, and thus alleviate the government deficit and inflation pressures, is a giant educational task. The social and economic ideas that gave birth to the transfer system must be discredited and replaced with old values of individual independence and self-reliance. The social philosophy of individual freedom and unhampered private property must again be our guiding light.
If Jesus gives us a task or assigns us to a difficult season, every ounce of our experience is meant for our instruction and completion if only we'll let Him finish the work. I fear, however, that we are so attention-deficit that we settle for bearable when beauty is just around the corner.
I don't think losing 3 million jobs, having deficits as far as the eye can go, having 2 million people lose their health insurance, turning your back on kids in schools and not funding No Child Left Behind represents a vision.
It occurs to me as I write that this "white light," usually presented dippily (evidence of afterlife, higher power), is in fact precisely consistent with the oxygen deficit that occurs as blood flow to the brain decreases. "Everything went white," those whose blood pressure has dropped say of the instant before they faint.
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.
For decades, we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?
Conservatives were brought up to hate deficits and justifiably so. We've long thought there are two things in Washington that are unbalanced - the budget and the liberals.
Like our finances, humankind is living with a growing ecological deficit but the solution is different. The deficit will worsen with dangerous consequences unless we address population growth sooner rather than later. Efficiency improvements, increased use of renewable resources and less waste in themselves are no longer sufficient to put us back into credit
Reading is everything. Reading makes me feel like I've accomplished something, learned something, become a better person. Reading makes me smarter. Reading gives me something to talk about later on. Reading is the unbelievably healthy way my attention deficit disorder medicates itself. Reading is escape, and the opposite of escape; it's a way to make contact with reality after a day of making things up, and it's a way of making contact with someone else's imagination after a day that's all too real. Reading is grist. Reading is bliss.
Our platform calls for a balanced deficit reduction plan where the wealthy pay their fair share. And when your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn't class warfare - it's patriotism.
Our attention span is shot. We've all got Attention Deficit Disorder or ADD or OCD or one of these disorders with three letters because we don't have the time or patience to pronounce the entire disorder. That should be a disorder right there, TBD - Too Busy Disorder.
Budget cuts if you're not rich, tax cuts if you are. Less money for those who don't have any and more to those who do. That's how President Fredo says we're going to get out of the giant deficit hole he's dug. You can't put it any more simply. Rich people richer. Poor people poorer.
I served at a time when we had a strong economy, when we had deficits that we would die for today. I was able to propose a balanced budget, not over ten years, but over five years. I'm proud of that record.
I don't understand how the Republican party is the party with the reputation for fiscal conservatism and fiscal sanity, when they're the ones who run up the debt. It was Reagan who ran up the debt and now Bush is doing it again, and in between, Clinton and Bush's father, I must say, worked so hard to get that deficit and that debt down.
Comic books are what novels used to be - an accessible, vernacular form with mass appeal - and if the highbrows are right, they're a form perfectly suited to our dumbed-down culture and collective attention deficit.
My advice for Sebastian Kehl is: if you have a 35-point deficit in the league, it is better to shut up.
The public has no idea that the deficit has been falling like a stone.
President Obama told a group of school children that broccoli was his favorite food, and they believed him. Then he told them Obamacare would reduce the deficit and the kids all busted out laughing.
Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are.
Deficits, as I've often said, aren't caused by too little taxing, they're caused by too much spending. Presidents can't appropriate a dollar of tax payers money, only Congressmen can; and Congress is susceptible to all sorts of influences that have nothing to do with good government.
The Republican party must break with its long-established instinct for caution and make a bold stand for first principles of freedom and constitutional limitations on government - from full repeal of Obamacare to rolling back multitrillion-dollar deficits. This is not so much a reproach of past Republican conduct as it is a recognition of new opportunities.
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