Quotes About Deficits

When we stop running up huge budget deficits and start acting responsibly in Washington, we will provide small-business owners with the certainty they need to put Americans back to work.

to succeed Ronald Reagan, there were rising federal deficits, historic Cold War breakthroughs with Moscow, and, in the waning weeks of 1986, a scandal involving hostages in the Middle East, arms sales to Iran through Israel, and secret funding for the anti-Communist Nicaraguan contras.

After the deep recession of 1981–82, the country had had several good years under the Reagan presidency. (Though at a price: The federal debt—or accumulated deficits—had tripled from fiscal 1980 to fiscal 1989.) Beginning in 1989, the economy grew at below-typical rates.

America needs a new approach to boost the economy - one that does not doom future generations to being saddled with paying off today's federal deficits.

Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.

I will believe in students' competence and intelligence. I will keep faith...that they have stories to tell, things to explain, and the language with which to do those things. I will reject any notion that places in my mind a belief in students' deficits -- whether those deficits be genetic, cultural, or behavioral. I will treat them as people who can get important things done for important reasons.

If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did.

We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus.

The most positive step is to try to expand the employment base by making it, if not economically friendly, at least not economically disastrous, for studios to take on deficits.

Governments harangue about deficits to get more revenue so they can spend more.

Governments don't reduce deficits by raising taxes on the people; governments reduce deficits by controlling spending and stimulating new wealth.

Yes, deficits are a problem. I've been saying so for more than a quarter of a century now. But the problem is not the size of the deficit, it's the size of government's claim on our economy.

Those who can't imagine change reveal the deficits of their imaginations, not the difficulty of change.

Despite these many factors, the impact of Mother is unparalleled. An attentive, capable, caring mother can help make up for many other handicaps, and the absence of such mothering is perhaps the greatest handicap of all, because when Mother is not doing her larger-than-life job as it needs to be done, children have significant deficits in their foundations.

Under President Obama, we have spent more money - he has spent more money than any other president in this history, actually, the combined total from Washington up to George W. Bush. President Obama has racked up more spending, $1 trillion deficits. And it's time that he join us in this effort to get our fiscal house in order.

The tea party movement and its passion arose in response to trillion dollar deficits as far as the eye can see and out of a sense that Washington is in need of dire fiscal reform.

Our priority must be to build a path towards balancing the budget, and we cannot tolerate growing deficits.

We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president's budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years - a down payment toward tackling our challenges in the long term.

Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases.

I think it's absolutely clear that the fiscal path we are on is not sustainable, and for me, the best analogy is these deficits are like a cancer, and over time they will destroy the country from within.

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.

Indeed, as subsequent events would show, debts, rather than deficits, make countries vulnerable in a monetary union.

On the issues that I care deeply about - the environment, Roe vs. Wade, the war in Iraq, with no weapons of mass destruction, the tax cuts that are now leading to deficits, I've got some deep issues with the president.