“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
“If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.” IfsThinkingNeedsLongStatesProblemCareRunningEnergyUnitedClassUnited StatesIssuesEconomicMiddleCleanProsperityHealth CareBudgetsCandidatesMiddle ClassTransitionLong RunsDeficitRestoringClean EnergyEconomic IssuesBudget Deficit Author:Christina Romer
“When done right - or wrong, depending on how you look at it - deficits remove liberal options from the table. Suddenly there's no money for building bridges or inspecting meat. Not surprisingly, running up a deficit is a strategy favored by the wrecking crew for its liberal-killing properties.” LooksDoneRunningBuildingTablesStrategyPropertyKillingBridgesMeatRemoveCrewDeficitNo MoneyBuilding Bridges Author:Thomas Frank
“Quantitatve easing is NOT going away. Every major country is running a deficit. If they are all net borrowers then who is the lender? The central banks. For this reason – QE is not going away for a long time.” IfsLongCountryReasonRunningMajorsLong TimeGoing AwayDeficitCentral BanksLendersBorrowers Author:Jeffrey Gundlach
“The only way to eliminate the deficit in the long run is through growth.” WayLongRunningGrowthLong RunsDeficit Author:Edward Lazear
“Meanwhile, the U.S. debt remains, as it has been since 1790, a war debt; the United States continues to spend more on its military than do all other nations on earth put together, and military expenditures are not only the basis of the government's industrial policy; they also take up such a huge proportion of the budget that by many estimations, were it not for them, the United States would not run a deficit at all.” Has BeensWarStatesGovernmentRunningEarthTogetherNationsUnitedUnited StatesMilitaryPolicyHugeBasesRemainsDebtBudgetsProportionDeficitExpendituresEstimationBudget Deficit Author:David Graeber
“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.” GovernmentRunningProcessEconomyBalanceCircumstancesPressureEtcMore MoneyReservesSevereTaxationInflationDeficitPaymentMonetaryBorrowingFinancing Author:John James Cowperthwaite