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Savings Quotes

“My big "double-aha" moment came while anchoring the national news at CBS News. It was at the height of the recession, and on top of the usual negative stories, my newscasts became full of especially heart wrenching stories of people losing their homes, jobs, and retirement savings. Starting the morning off like that could leave even the most optimistic person feeling helpless and hopeless. The lightning bolt came when we changed how we talked about the negative.”

“We can't expect entrepreneurs and businesses large and small to take their life savings or their company's money and invest in America if they think we're headed to the road to Greece. And that's where we're going right now unless we finally get off this spending and borrowing binge. And I'll get us on track to a balanced budget.”

“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.”

“The United States is the most indebted country in the world. It has almost 17 billion dollars of debt with the rest of the world while living off the world's savings. They are living off the savings of the people of Greece, the savings of the people of Spain, France etc. All of those countries that save their reserves in the banks in dollars are simply financing the American economy, and that is why the average American citizen consumes two and a half times more than their income.”

“The rise in health care costs since Obamacare, the Affordable Care Act was passed, have been at their lowest rate in 50 years. Those savings have extended the Medicare trust fund by 11 years. So we've got a baseline of facts.So it is true theoretically that all that progress can be undone, and suddenly 20 million people or more don't have health insurance.”

“A good head and a good heart are always a formidable combination.”

“Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work.”

“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.”

“A creative man is motivated by the desire to achieve, not by the desire to beat others.”

“Do you know the only thing that gives me pleasure? It's to see my dividends coming in.”