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Economy Quotes

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Economy Quotes

“Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.”

Has Beens Country States Government Jobs President United United States Economy Growing Higher Taxes Approach Europe Debt Focused Spending President Obama Regulation Remakes

Author:Rob Portman

“No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what the economy is capable of producing without going deeper and deeper into debt.”

Enough Class Economy Middle Capable Function Deeper Debt Middle Class Purchasing Purchasing Power

Author:Robert Reich

“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.”

Long Real Would Be Interest Economy Increase Rate Debt Productivity Income Finance Saving Beneficial Savings Interest Rate National Debt

Author:Alan Greenspan

“Students who acquire large debts putting themselves through school are unlikely to think about changing society. When you trap people in a system of debt, they can't afford the time to think. Tuition fee increases are a disciplinary technique, and by the time students graduate, they are not only loaded with debt, but have also internalized the disciplinarian culture. This makes them efficient components of the consumer economy.”

People Thinking School Culture Economy Students Increase Debt Technique Consumers Acquire Graduates Efficient Traps Components Unlikely Loaded Fees Time To Think Tuition

Author:Noam Chomsky

“That's how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.”

Together Jobs Opportunity Grows Economy Roots Debt Fairness

Author:Elizabeth Warren

“Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.”

“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.”

“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

Real Problem Lying Ability Economy Serious Labor Essence Financial Debt Saving Spheres Factories Bubbles Estates Savings Overhead Bond Market

Author:Michael Hudson

“Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.”

Country Nations Economy Fire Products Greed Debt Screens Obedience Investors Commodity Deficit Rating Electrical Kindles Flux Stock Exchange

Author:B. W. Powe

“The Occupy Wall Street collective is confused about what it wants but it wants it now! Some of the loonier demands from its independent thinkers: Striking all existing public and private debt from the books across the "entire planet"; elimination of all international borders; free college education; a guaranteed "living wage" for all regardless of employment; an end to free trade; trillions in additional spending for infrastructure and ecological restoration; and ending the fossil fuel economy.”

“We preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe.”

Source: Left at the post

“At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams.”

Source: The writings of Thomas Jefferson: being his autobiography, correspondence, reports, messages, addresses, and other writings, official and private : published by the order of the Joint Committee of Congress on the Library, from the original manuscripts, deposited in the Department of State

“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.”

Has Beens Wisdom Values Fall Three Politics Lost Economy Sacrifice Wind Amount Property Debt Liberalism Contracts Catastrophe Cautious Sowing Whirlwind

Author:Thomas Jefferson

“We shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority.”

May Wisdom Politics Pay Economy Generations Periods Majority Bounds Debt Liberalism Posterity Saddles

Book:The Works of Thomas Jefferson: Correspondence and Papers, 1808-1816

Source: The Works of Thomas Jefferson: Correspondence and Papers, 1808-1816

“I do think that all economies need a sense of fiscal discipline especially over the midterm and if you are in the middle of a debt crisis you can't borrow your way out of a debt crisis. That's logically impossible.”

Ifs Thinking Way Needs Economy Impossible Middle Discipline Crisis Debt Midterms Debt Crisis

Author:Stephen Harper

“The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.”

Growth Economy Threat Investing Debt

Author:Carmen Reinhart

“Student loan debt is crushing young people. And so they're not doing the things we would expect them to do. They're not moving out of their parents' homes in as big a numbers, they're not saving up money for down payments, they're not buying homes or cars or starting small businesses or doing any of the things that help move this economy forward.”

“The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.”

Ifs Two Problem Growth Situation Economy Progress Size Debt Technological Manageable Austerity Technological Progress

Author:Peter Thiel

“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”

“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”

Ifs Wells Feelings Certain Pay Practice Economy Industry Promise Lays Debt Reputation Destroyed Injured Liable

Author:Andrew Jackson

“Particularly when the war power is invoked to do things to the liberties of people, or to their property or economy that only indirectly affect conduct of the war and do not relate to the engagement of the war itself, the constitutional basis should be scrutinized with care. ... I would not be willing to hold that war powers may be indefinitely prolonged merely by keeping legally alive a state of war that had in fact ended. I cannot accept the argument that war powers last as long as the effects and consequences of war for if so they are permanent -- as permanent as the war debts.”

“Bet on black. Buy low-debt or no-debt companies. When the economy is in trouble, these companies usually have enough cash on hand to stay out of trouble. And they seldom need to borrow when interest rates are high.”

Needs Enough Hands Black Interest Company Economy Trouble Lows Rate Debt Cash Interest Rate

Author:Nancy Dunnan

“We have a debt the size of our economy, which makes us look a lot like Greece.”

Looks Economy Size Debt Greece

Author:Mitch McConnell

“I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.”

Giving Important Country Home Interest Pay Economy Serious Concern Program Debt Spending Billions Prudent Foreign Countries

Author:Tim Johnson

“But obviously, we're looking for all good ideas to help deal with our long-term debt problem. This is something that is going to affect our economy. It affects our kids. And we need to deal with it.”

Needs Long Ideas Helping Problem Kids Term Deals Economy Debt Brilliant Long Term Good Ideas Brilliant Ideas

Author:David Axelrod

“If you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.”

Ifs Trying Helping Might Jobs Grows Economy Taxes Raises Folks Debt Addresses Deficit Cliffs Millionaire Billionaire

Author:Joe Walsh

“If Americans are frustrated with Congress, imagine their frustration with a group of international bank officials running our ecomomy-bankers who may not have as their motive either to see us out of debt to them or to strengthen our economy, society, international influence, or other elements of our way of life.”

Ifs Way May Running Economy Imagine Groups Influence Elements International Congress Debt Motive Officials Frustration Frustrated Bankers

Author:Oliver DeMille

“Hold on to your wallets folks because with the passage of this trillion-dollar baby, the Democrats will be poised to spend as much as $3 trillion in your tax dollars. Taxpayers will be on the hook for spending that will stimulate the debt, stimulate the growth of government, but will do little to stimulate jobs or the economy.”

Littles Government Jobs Growth Economy Baby Taxes Dollars Democrat Folks Debt Spending Passages Hook Taxpayers Wallets Tax Dollars

Author:Christopher Bond