Quotes About Deficit

Look, the, the - this country has not lived within its means for a very long time, and, and the truth is we're going to have to take our medicine.

Cutting the fiscal deficit is not popular. That is the experience of all governments in all countries. Expenditure cuts hurt certain vested interests, and they don't like it.

In fact, our monthly trade deficit figure is so huge it equals the entire annual budget of our Department of Veterans Affairs. Veterans fought to make us free from foreign tyranny, but the new tyranny is taking a different form.

I ask the American people not to fall victim to disinformation. There are no death panels. The Affordable Care Act cuts the deficit.

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

I'm ashamed of what has happened to Canada. And I'm not leaving a $1.5 trillion deficit to my kids. No chance in hell is that happening.

what might have looked like courage proved to be a deficit of common sense and an excess of self-importance, too strong a faith in his genius and superiority—not courage at all, but the rash actions of an ordinary narcissist incapable of imagining that he might fail.

I worry that our nation today suffers from a deficit of empathy, and this is especially true of many in positions of national leadership

It has been subsequently theorized that our species' seeming inability to focus on long-term existential threats will inexorably lead to the destruction of our environment, overpopulation, and resource exhaustion. It is therefore not an uncommon belief among economists that this inborn deficit represents a sort of built-in timer for the self-destruction of human civilization.

You cannot spend your way out of recession or borrow your way out of debt.

The TUC's new slogan 'a future that works' sets a profound challenge. Austerity and rapid deficit reduction is failing in its own terms, but even at its best it is short-sighted, muddle-through politics with no vision of a new economic model.

If we proclaim a gospel that doesn't emphasize transformation, we end up with a deficit of clean containers, which consequently creates a shortage of God's manifest presence on the earth.

If the government could tax broken hearts, there would be no deficit.

If you ask people do you think that government should spend less money than what it takes in, most people agree with that.

We're going to build a wall and Mexico is going to pay. And the reason they're going to pay and the way they're going to pay, Bob, is this. We have a trade deficit now with Mexico of $58 billion a year. The wall is going to cost $10 billion a year. That's what it's going to cost. It's going to be a powerful wall. It's going to cost $10 billion.

One of the reasons I was so bullish on the Deutsche mark was a radical currency theory proposed by George Soros in his book, The Alchemy of Finance. His theory was that if a huge deficit were accompanied by an expansionary fiscal policy and tight monetary policy, the country's currency would actually rise.

Abusiveness is not a product of a man's emotional injuries or of deficits in his skills. In reality, abuse springs from a man's early cultural training, his key male role models, and his peer influences.

The two major political parties in Australia are engaged in a furious debate about the federal budget. Neither of them finds it convenient to point out the obvious. This is that to resolve the fiscal deficit and to support spending at roughly the same share of GDP it has been for the last forty years, Australians will certainly pay more tax.

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.

raising the average income tax for the top income percentile to 43.5 percent from 22.4 percent, the level of 2007, would raise revenue by 3 percent of GDP, which is enough to close the US structural deficit while still leaving very high earners with more after-tax income than they would have had under Nixon.

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

2018 the debt was more than $21 trillion—and climbing, largely because of the spending increases and tax cuts passed by Republicans like Ryan. In 2017 Republicans in Congress approved, on a party-line vote, a tax bill that is projected to add $1.9 trillion to the debt. This was a far cry from the 1986 tax reform act, passed under Ronald Reagan, which was revenue neutral.