Quotes About Fiscal

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.

Japan has introduced fiscal stimulus five times in the past seven or eight years and each time it's been a failure and that's not a surprise. Fiscal stimulus is not stimulating in and of itself.

Here in the United States, we've seen the failure of mass programs of redistribution and the fiscal crises to which they give rise. And yet many continue to defend and promote them.

Of all our taxes, the best growth tax is personal income tax. And it's the largest, collecting $223 billion in 2018–19 compared to company tax at $94 billion or the GST at $66 billion.

We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.

And I can tell you that history will back up what I'm about to say and that is that there is no government run by conservatives, Republicans, put whoever you want there, if you give government the opportunity to spend more money than it has, it will do it. It will do it every time.

And here's the fact: the fact is it doesn't solve the problem. First of all, if you taxed these people at 100 percent, basically next year you said, 'Look, every penny you make next year the government's going to take it from you ' it still doesn't solve the debt.

I represent what I think is a traditional Republican... a limited government, fiscal responsibility, strong national defense, individual freedom and liberty.

Rather, it is that Europe's economic recovery created new centers of financial power, new situations for potential friction, and new opportunities for fiscal resentment.

Alexander VI (1492–1503) was an astute political leader, a skillful diplomat, and a careful shepherd of the church's fiscal resources. Alexander also supported missionary work in North and South America and in the Far East and by so doing anticipated extremely important developments in the later history of Christianity. In

The national debt—that is, the unfunded liabilities and fiscal operating debt—amounts to tens of trillions of dollars. The Government Accountability Office, the Congressional Budget Office, and numerous other public and private institutions have sounded warning alarms about the oncoming crash. But no serious or effective steps have been taken to address this simmering financial and economic implosion.

In his farewell address to the nation after serving two terms as president, George Washington urged his fellow citizens to "avoid . . . the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear.

Dr. Laurence J. Kotlikoff testified before the Senate Budget Committee about "America's fiscal insolvency and its generational consequences." He flatly stated that "Our country is broke. It's not broke in 75 years or 50 years or 25 years or 10 years. It's broke today. Indeed, it may well be in worse fiscal shape than any developed country, including Greece."43

In his farewell address to the nation after serving two terms as president, George Washington urged his fellow citizens to "avoid . . . the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear."76

The nation's fiscal operating debt was already $10.6 trillion on the day President Barack Obama took office in January 2009. By the end of January 2012, however, the fiscal operating debt had increased 44.5 percent to $15.4 trillion. As of April 12, 2015, the fiscal operating debt was $18.152 trillion—a 71 percent increase in less than six and one half years.

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.

I think that retiring the baby boomers is going to be one of the great challenges in America, that you cannot make fiscal sense out of the future of our children without taking on entitlements.

I think that we have a responsibility to make certain that we are fiscally responsible in order to assure, frankly, future generations don't have to pay our bills.

Our future begins on January 1 1999. The euro is Europe's key to the 21st century. The era of solo national fiscal and economic policy is over.

Unless you reduce the long-term spending burden, you cannot cut taxes in any lasting way, but can only shift the burden of taxes from the present to the future.

Having your fiscal house in order and having a more manageable macro-economic future is going to be very useful in creating growth.

The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.

In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.