“It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.” PeopleRunningFacesTaxesPercentInstitutionsDebtDeficitStraight Face Author:Richard Neal
“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.” FirstsHas BeensFallCausesHalfGrowingProductsColdOfficePercentRateSignificantBudgetsAnalysisGrossDeficitTurkeysCliffsReductionRecessionsAnnualsGross Domestic ProductCold Turkey Author:Christina Romer
“Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.” YearsLevelsEconomyStreetsDangerousWallPercentFinancialBillionsProductiveGamblingSpeculationDeficitFees Author:Bernie Sanders
“If you're really concerned about deficits, you cannot take seriously a budget that would give $30 billion a year worth of tax cuts to not just the top 1 percent but the top 0.1 percent.” IfsGivingYearsCuttingTaxesPercentConcernedBillionsBudgetsDeficitTax Cuts Author:Barack Obama
“If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.” PeopleIfsDoeGovernmentCoursesNationsDealsPoliticianTaxesPercentConsequenceMethodAvailableIncomeTaxationDeficitDown The RoadBorrowingIndirect Author:Milton Friedman
“Attention deficit is no longer the supposed domain of Generation Y's who were brought up on a diet of social media and new technology. A recent study revealed 65 percent of 55-64 year olds surf, text and watch television simultaneously.” YearsSocialAttentionWatchesTechnologyStudyGenerationsMediaTelevisionPercentSocial MediaDietsDomainDeficitNew TechnologySurfGeneration Y Author:Kevin Kelly
“Ben Carson says his flat tax will be around 15 percent. And by God, if he ever shows you the details, you'll see how awesome and deficit-killing it is.” IfsShowsTaxesPercentKillingDetailsFlatsDeficitKilling ItFlat TaxBen Carson Author:Kevin Drum
“A city suffering from chronic poverty, out-of-control crime, a $76 million budget deficit and a 15 percent unemployment rate (nearly 50 percent for Oakland's youth) can hardly afford such social justice follies. But a pushover Democratic mayor and an overwhelmed police force have left what's left of gainfully employed Oakland taxpayers at the mercy of professional freeloaders and anti-capitalism saboteurs.” SufferingLeftForceSocialJusticeCitiesPovertyMillionsCrimeYouthPercentCapitalismMercyPoliceSocial JusticeDemocraticRateBudgetsFollyUnemploymentEmployedOverwhelmedDeficitTaxpayersMayorsPolice ForceOaklandBudget DeficitUnemployment RateSaboteursPushovers Author:Michelle Malkin
“I supported the Korean Trade Agreement in 2011. They promised - when it was signed, President [Barak] Obama said it would increase our exports to Korea by $10 billion a year.That creates jobs in America.Since - last year, 2015, there was no increase, like instead of billions of dollars there was like a $100 million increase in our exports to Korea, whereas as their imports to us went up $12 billion, and our trade deficit increased 240 percent.” YearsSaidJobsLastsAmericaPresidentMillionsPercentIncreaseTradeDollarsBillionsAgreementLast YearDeficitKoreaKoreanImportsTrade AgreementsBarak ObamaJobs In America Author:Jeff Sessions
“And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.” IfsWayYearsMadeImportantCareGoalTermLevelsProgressHugeCostPercentImportant ThingsHealth CareInflationDeficitReducingHealth Care Costs Author:Barack Obama
“Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.” WarPastForgetPercentNinetyDeficitPaymentPast PresentPast Present And Future Author:Franklin D. Roosevelt
“When you look what is happening in this country with the debt, the deficit, the CBO coming out and saying once again we're going to have a trillion dollar plus deficit in 2012, the fourth straight year, and unemployment may be going back up to 8.9 or maybe nine percent by the end of the year, these are serious situations that are going.” YearsLooksMayEndsCountrySituationSeriousHappeningsPercentDollarsDebtNinePlusComing OutFourthUnemploymentDeficit Author:Allen West
“We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.” WorldWarRunningUsedPolicyTruth IsPercentWar Of The WorldsWorld War IiBulletsDeficitStimulusGdp Author:Warren Buffett