“Let's adopt some short-term strategies to get growth going and then let's have a long-term debt reduction package. That's what I think we should do and I think it will work.” ThinkingShouldLongGrowthTermStrategyDebtLong TermPackagesShort TermReduction Author:William J. Clinton
“We must stop spending money that we just don't have. Historic debt leads to historic tax increases, which stifle job growth.” JobsGrowthTaxesIncreaseDebtSpendingHistoricSpending MoneyTax IncreasesJob Growth Author:Kristi Noem
“The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.” GrowthEconomyThreatInvestingDebt Author:Carmen Reinhart
“Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.” GrowthDebtTendenciesInflationDeficitPercentagesAccompanyGdpSlow Growth Author:Bill Gross
“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.” IfsTwoProblemGrowthSituationEconomyProgressSizeDebtTechnologicalManageableAusterityTechnological Progress Author:Peter Thiel
“Our system - of debt-fueled economic growth, of ineffective democracy, of overloading planet Earth - is eating itself alive.” InspirationalMotivationalEarthGrowthDemocracyAliveEconomicPlanetsEatingDebtEconomic GrowthPlanet EarthEco Author:Paul Gilding
“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own.” CountryGovernmentGrowthOughtConsequenceDebtOther CountriesAccumulationNational DebtAdmonishDebt By Founding Fathers Book:The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations Source: The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations
“I don't want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn't the same thing. Let's call them 'project bonds' instead of euro bonds.” WantCountryUsedGrowthTermProjectsInvestmentDebtFinanceZoneEuro Author:Francois Hollande
“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.” LittlesGovernmentJobsGrowthEconomyBabyTaxesDollarsDemocratFolksDebtSpendingPassagesHookTaxpayersWalletsTax Dollars Author:Christopher Bond
“Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.” LongGrowthTermInterestCuttingHigherCostApproachRateDebtSpendingCirclesLong TermRisingRejectsUnemployment80sViciousInterest RateVicious CirclesRepayment Author:Gordon Brown
“We need economic growth in Europe and we need to find a solution for the excessive interest rates that are making it difficult for many countries to get their own debt under control.” NeedsCountryDifficultGrowthInterestEconomicSolutionsEuropeRateDebtEconomic GrowthInterest Rate Author:Martin Schulz
“When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners.” PeopleMeanGrowthWealthPropertyDebtIncomeOwnersShrinkingCreditorsDeflation Author:Michael Hudson
“It is important to combine structural reforms and good fiscal stewardship with a growth strategy, because when your economy's growing and more revenue's coming in, that helps relieve debt.” ImportantHelpingGrowthEconomyGrowingStrategyDebtReformRevenueStewardship Author:Barack Obama
“Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.” YearsGrowthCasesEconomyGrowingEconomicBalanceMajorsHighestPercentCrisisCreditDebtCardsInequalityBritainHouseholdCrashTransfersCredit CardTextbooksRatiosGdpEconomic Crisis Author:Frances O'Grady
“That's what the Romney plan is all about, how to get jobs created, how to get this debt and deficit under control, how to revive small businesses so we can create jobs, and how to bring growth and opportunity to society instead of this class warfare, instead of speaking to people like they're stuck in some class or station in life.” PeopleJobsOpportunityGrowthClassPlansDebtStuckStationsWarfareSmall BusinessDeficitRomneyReviveClass Warfare Author:Paul Ryan