Quotes About GDP

When the volume of debt has grown as large as national income or GDP, and when it bears an interest rate (typically 5%) above the economy's rate of growth (typically just 1% to 2%), then all the growth in national income is taken by the creditors.

shifting our focus from maximizing GDP to creating a labor market conducive to the dignity of work and social cohesion.

Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.

The outlay for defense was 4.6 percent of the GDP in 1950; by 1953 it had risen to 13.8 percent. In 1940 the federal budget devoted 16 percent to defense; in 1959, more than 50 percent. By 1955, the American alliance system circled the globe, and we were pledged to the defense of practically everybody, including a host of despots and autocrats. The

As a fraction of GDP, the United States spends on job-training and assistance programs barely one-fifth as much as the average among industrialized countries. Moreover, the United States has significantly cut spending on these programs in recent decades, while significantly increasing spending on prisons instead.

The coming tsunami will not spare China, where credit-fueled economic growth has built a Himalayan mountain of debt, about 330 percent of GDP.

While I was at Microsoft, the annual revenues grew larger than the GDP of the Republic of Ghana.

In the last 5 years, American employers have lost over $150 billion of productivity to depression alone. That is more than the GDP of 28 different States during the same period.

In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government.