Quotes About Federal debt

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.

The federal government is far larger than the Founding Fathers ever intended it to be. We have racked up over $16 trillion of debt through wasteful spending, and it is time that we cut that waste and start reducing the size of our government.

The next incendiary issue was that some debt was owed by the thirteen states, some by the federal government. Hamilton decided to consolidate all the debt into a single form: federal debt.

The federal debt in this country is principally of Republican design.

In 2012, when Ryan spoke those words, federal debt stood at $16 trillion. By 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.

For Andrew Jackson, politics was very personal. He hated not just the federal debt. He hated debt at all.

From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn't matter because we owe most of it to ourselves.

In order to truly get deficit spending and federal debt under control, the Trump administration is going to have to eventually address entitlement reform. If not, Trump will not only become part of the Washington status quo on the issue, but will leave burdensome and expensive problems for future generations.

President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own bipartisan National Commission on Fiscal Responsibility and Reform - and submitted no plan for entitlement reform.

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.