Quotes About Fiscal

then monetary policy has at best only short-lived effects on output and employment.

That's why I often said that monetary policy was not a panacea—we needed Congress to do its part. After

On the demand side, tax cuts should lead to more consumer spending—although by how much depends on the form of the cuts and who receives them—

But what if the economy stalled yet again, perhaps for reasons outside our control, such as fiscal stringency at home or a resurgence of the European crisis?

Tight fiscal policies were arguably offsetting much of the effect of our monetary efforts.

the hawks and doves alike exuded pessimism.

Portugal's relatively weak economy had in turn weakened its fiscal position.

the consequences of not having a single fiscal authority for the eurozone became apparent.

and because U.S. fiscal policy, although a headwind during most of the recovery, was less restrictive than elsewhere.

why isn't cutting government spending a viable alternative to maintaining high taxes?

We're not planning for the future. If we continue to spend ourselves into oblivion, we are going to destroy this nation.

The budgets we work on in Congress are more than just fiscal documents; they are a reflection of our moral values as well. In choosing where to spend money, members of Congress choose what priorities they value.

There are two important things to remember about 'entitlements': They are hugely popular programs for a very good reason, and actual sensible 'reform' would mean improving them, not sacrificing them at the altar of 'fiscal responsibility.'

We do not need mindless spending bills with no reforms attached.

The liberal fiscal spending of the 2004-08 period was made possible both by rising government revenues and national income growth and by relative comfort on the external side. After 2009,these pillars of growth began to wobble. By 2012, they were shaking.

Even people on the liberal side are starting to worry about going off a fiscal cliff.

If the Senate can't perform its most basic responsibilities, I worry about how we're going to make the tough decisions and do the hard work that will be necessary to get our country on a path to fiscal solvency.

I think the best thing we can do is sell that idea of smaller government - of fiscal responsibility vs. the Obama record. Obama made promises, and on every promise in which he's actually delivered, things have gotten worse instead of better. He said if we get ObamaCare it'll help, but health care prices went up.

First, the year 2004, the year past, the Comptroller General of the United States, David A. Walker, said that arguably it was the worst year in American fiscal history, clearly setting our Nation on an unsustainable path.

Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%.

Being lectured by the president on fiscal responsibility is a little bit like Tony Soprano talking to me about law and order in this country.

Government is just spending too much money.

Fiscal policy is a very important part of the tool kit for policy makers.

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.