Quotes about deficit (132 quotes, page 2)

“I recommend that you provide the resources to carry forward, with full vigor, the great health and education programs that you enacted into law last year. I recommend that we prosecute with vigor and determination our war on poverty. I recommend that you give a new and daring direction to our foreign aid program, designed to make a maximum attack on hunger and disease and ignorance in those countries that are determined to help themselves, and to help those nations that are trying to control population growth. I recommend that you make it possible to expand trade between the United States and Eastern Europe and the Soviet Union. I recommend to you a program to rebuild completely, on a scale never before attempted, entire central and slum areas of several of our cities in America. I recommend that you attack the wasteful and degrading poisoning of our rivers, and, as the cornerstone of this effort, clean completely entire large river basins. I recommend that you meet the growing menace of crime in the streets by building up law enforcement and by revitalizing the entire federal system from prevention to probation. I recommend that you take additional steps to insure equal justice to all of our people by effectively enforcing nondiscrimination in federal and state jury selection, by making it a serious federal crime to obstruct public and private efforts to secure civil rights, and by outlawing discrimination in the sale and rental of housing. I recommend that you help me modernize and streamline the federal government by creating a new Cabinet-level Department of Transportation and reorganizing several existing agencies. In turn, I will restructure our civil service in the top grades so that men and women can easily be assigned to jobs where they are most needed, and ability will be both required as well as rewarded. I will ask you to make it possible for members of the House of Representatives to work more effectively in the service of the nation through a constitutional amendment extending the term of a Congressman to four years, concurrent with that of the President. Because of Vietnam we cannot do all that we should, or all that we would like to do. We will ruthlessly attack waste and inefficiency. We will make sure that every dollar is spent with the thrift and with the commonsense which recognizes how hard the taxpayer worked in order to earn it. We will continue to meet the needs of our people by continuing to develop the Great Society. Last year alone the wealth that we produced increased $47 billion, and it will soar again this year to a total over $720 billion. Because our economic policies have produced rising revenues, if you approve every program that I recommend tonight, our total budget deficit will be one of the lowest in many years. It will be only $1.8 billion next year. Total spending in the administrative budget will be $112.8 billion. Revenues next year will be $111 billion. On a cash basis—which is the way that you and I keep our family budget—the federal budget next year will actually show a surplus. That is to say, if we include all the money that your government will take in and all the money that your government will spend, your government next year will collect one-half billion dollars more than it will spend in the year 1967. I have not come here tonight to ask for pleasant luxuries or for idle pleasures. I have come here to recommend that you, the representatives of the richest nation on earth, you, the elected servants of a people who live in abundance unmatched on this globe, you bring the most urgent decencies of life to all of your fellow Americans.”

Lyndon B. Johnson (1908–1973) American politician, 36th president of the United States (in office from 1963 to 1969)

1960s, State of the Union Address (1966)

Life , Women , Men , Money

“At the end of the current five-year presidential term and the “Trente-Six Dispendieuses” (36 years of uninterrupted deficits from 1981 to 2017) far-reaching public expenditure reforms will be required. These will be all the more painful as they are far too late.”

Éric Pichet (1960) economist

La trajectoire des finances publiques de 2014 à 2017 : impuissance du droit et vérité des comptes http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2563481 Article in Revue de Droit Fiscal n48 (2014).
Budgetary policy, From the Expensive 30 toe the Expensive 36, The Expensive 36

Pain

“Repressive rivals, along with skeptics here at home, misunderstand something important. It is the great advantage of free societies that we creatively adapt to challenges, without the direction of some central authority. Self-correction is the secret strength of freedom. We are a nation with a history of resilience and a genius for renewal. Right now, one of our worst national problems is a deficit of confidence. But the cause of freedom justifies all our faith and effort. It still inspires men and women in the darkest corners of the world, and it will inspire a rising generation. The American spirit does not say, “We shall manage,” or “We shall make the best of it.” It says, “We shall overcome.””

George W. Bush (1946) 43rd President of the United States

And that is exactly what we will do, with the help of God and one another.
2010s, 2017, Speech at "Spirit of Liberty: At Home, In the World" event (2017)

Women , Men , God , Secret

“Welfarism and excessive spending and deficits and socialism divide us, because everybody has to go to Washington. Those who have the biggest clout, whose who are the best lobbyists, those who go and they grab. And whether it's the medical industrial complex, or the banking industry, or the military industrial complex, that's who ends up controlling our government… For so long, conservatives and constitutionalists have lost the argument, they lost the moral highground. Because those who want to give things away, not talking about where they steal it from, but they want to give things and take care of people, they get the moral highground and they come by as being compassionate. And we who believe in liberty, we lack compassion. But the truth is, there's only one compassionate system known to man, and that is freedom and personal responsibility, then there's enough wealth, and then we will all have personal responsibility to use this compassion that we have, first to take care of our families and friends and neighbors, and there would be so much wealth that we could spread this wealth around the world.”

Ron Paul (1935) American politician and physician

New Hampshire Homeschool Meet and Greet, September 30, 2007 http://www.youtube.com/watch?v=WA0-OIdm6Z8
2000s, 2006-2009

People , Truth , World , Family

“It is false to say President Bush presided over a "jobless recovery." His trade deficits have created many millions of jobs in China.”

Patrick Buchanan (1938) American politician and commentator

2000s, Where the Right Went Wrong (2004)

Falseness

“With uncertainty in oil markets, a buildup of speculative pressures and the large U. S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

David Ignatius (May 31, 2006) "Watching the Yellow Flags", The Washington Post, p. A19.
2000s

“You can't have a government like this without an income tax, but we don't want a government like this. This is not the type of government that was designed by the founders of the country. This is not what was written in the Constitution. We've only had an income tax since 1913. But if you want a welfare state, and if you want to police the world and pay for the defense of Japan and Germany, give foreign aid to the Soviet Union. You not only need the income tax you need the Federal Reserve to print up the money when the deficit is accumulated. So we think that government should be smaller. If government is small, then you don't need the income tax.”

Ron Paul (1935) American politician and physician

https://www.youtube.com/watch?v=anmlPvmd1Ew
1980s

Money , World , Thinking , Country

“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.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 29, 1967, page 249.
Official Report of Proceedings of the Hong Kong Legislative Council

Money

“Well, I don't know if China is any different, but our relationship with China is certainly different. We're in hock to the Chinese up to our eyeballs because of the war in Iraq, for one thing. They're holding hundreds of billions of dollars worth of our paper. We also are running hundred of billions of dollars worth of trade deficits with them, as we continue to import their junk with the lead paint on them and the poisoned pet food and export, you know, jobs to places where you can pay workers a dollar a month to turn out the stuff that we're buying from Wal-Mart. So I think our relationship with China has certainly changed. I think they're basically the same bunch of goons and thugs they've been for the last 50 years.”

Jack Cafferty (1942) American journalist

On the April 9, 2008 broadcast of CNN's "Situation Room", when asked to comment on the United States' relationship with China, Cafferty responded in reference to the Chinese Government and the Americans Government's political and business relationship.
2008

War , Food , Thinking , Change

“If it wasn't about race, y'know, if it was really about what the Tea Party says their issue is – deficits – who ran up all that debt? Bush! Where was the Tea Party then? The two wars we put on the credit card, the prescription drug program that wasn't paid for, the tax cuts that weren't paid for, where were they then? *crickets!* But as soon as President Nosferatu took office, then, suddenly, debt is intolerable. I think there's just something they don't like about him… I cannot put my finger on what it is… Just some way he's not like them… Skinny! That's probably what it is. He's skinny, and that's why they hate him… Oh, and also that he's a Muslim socialist out to destroy America and wave his African wonder-schlong in your daughter's face.”

Bill Maher (1956) American stand-up comedian

Crazy Stupid Politics (2012)

Hate , War , Way , Thinking

“At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under separate national governments — there is an ever-changing pattern of deficits and surpluses.”

Joan Robinson (1903–1983) English economist

Source: Contributions to Modern Economics (1978), Chapter 19, The Need For A Reconsideration, p. 218

Change

“If I had not grown up in Stockerau, in the boonies of Lower Austria, than I would not be what I am now. The germ cell of burgeoning nerdism is difference. The yearning to be understood, to find opportunities to share experiences, to not be left alone with one's bizarre interest. At the same time one derives an almost perverse pleasure from wallowing in this deficit. Nerds love deficiency: that of the other, but also their own. Nerds are eager explorers, who enjoy measuring themselves against one another and also compete aggressively. And yet the nerd's existence also comprises an element of the occult, of mystery. The way in which this power is expressed or focused is very important.”

Johannes Grenzfurthner (1975) Austrian artist, writer, curator, and theatre and film director

via Boing Boing http://boingboing.net/2016/04/14/the-story-of-traceroute-about.html

Love , Pleasure , Way , Time

“Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 5, Taxes, p. 208
Context: The total impact of the Reagan tax cuts on capital lowered the effective cost of capital to American industry by an estimated 1.2 percent. Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.

“You know who’s grabbing your kids at too young an age? Merck, Pfizer and GlaxoSmithKline, by convincing you they're depressed, hyperactive or suffering from attention-deficit disorder and so they must all get medicated.”

Bill Maher (1956) American stand-up comedian

"Bill Maher on very scary child predators" http://www.youtube.com/watch?v=oQi-KiO6K2k
Real Time with Bill Maher
Context: That's America for you — a red herring culture, always scared of the wrong things. The fact is, there are a lot of creepy middle-aged men out there lusting for your kids. They work for MTV, the pharmaceutical industry, McDonald's, Marlboro and K Street. And recently, there's been a rash of strangers making their way onto school campuses and targeting our children for death. They're called military recruiters. More young Americans were crippled in Iraq last month than in any month in the past three years. And the scandal is that Mark Foley wants to show them a good time before they go? When will our closeted gay congressmen learn? Our boys aren't for pleasure. They're for cannon fodder. They shouldn't be another notch on your bedpost. They should be a comma in Bush's war. If I hear a zipper, it had better be on a body bag. Why aren't Democrats and the media hammering away every day about who we're supposed to be fighting for over there and what the plan is. Yes, Mark Foley was wrong to ask teenagers how long their penises were — but at least someone on Capitol Hill was asking questions. We're the predators. Because we have an entire economy built on asking young people what they want, making the cheapest, sleaziest form of it they'll accept, and selling it to them until they choke on it and die. You know who’s grabbing your kids at too young an age? Merck, Pfizer and GlaxoSmithKline, by convincing you they're depressed, hyperactive or suffering from attention-deficit disorder and so they must all get medicated. The drug dealers hooking your kids aren't in South America, they're in the halls of Congress handing out campaign donations to your congressmen. Mark Foley says he never slept with those kids, and I believe him, because American children are so hopped up on pills I doubt any of them could get it up. From 1995 to 2002, the number of children prescribed antipsychotic drugs increased by over 400 percent. Either our children are going insane — which we might look on as a problem — or, more likely, we have, for profit, created a nation of little junkies. So stop already with the righteous moral indignation about predators — this whole country is trying to get inside your kid's pants because that's where he keeps the money Daddy gave him to stay out of his hair. I don't care if Mark Foley had been asking boys to describe their penises because I have some sad news for you: Your kid is so larded out on Cheetos and Yoo-hoo, he can't even see his penis. We live in a country where the ultimate consumer is an obese 16-year-old hooked up at one end to a Big Gulp and at the other to a PlayStation. So many of our kids today are fat drug addicts, it's almost as if Rush Limbaugh had had puppies. In conclusion, we can pretend that the biggest threat to “our children” is some creep on the Internet, or we can admit it's Mom and Dad. Because, when your son can't find France on a map, or touch his toes with his hands, or understand that the ads on TV are lying — including the one in which the Marine turns into Lancelot — then the person fucking him is you.

Age , Suffering

“Like all "acts of terrorism" (easily and unsubjectively defined as organised violence against civilians), September 11 was an attack on morality: we felt a general deficit.”

Martin Amis (1949) Welsh novelist

"The Palace of the End" (2003)
Context: Like all "acts of terrorism" (easily and unsubjectively defined as organised violence against civilians), September 11 was an attack on morality: we felt a general deficit. Who, on September 10, was expecting by Christmastime to be reading unscandalised editorials in the Herald Tribune about the pros and cons of using torture on captured "enemy combatants"? Who expected Britain to renounce the doctrine of nuclear no-first-use? Terrorism undermines morality. Then, too, it undermines reason. … No, you wouldn't expect such a massive world-historical jolt, which will reverberate for centuries, to be effortlessly absorbed. But the suspicion remains that America is not behaving rationally — that America is behaving like someone still in shock.

“As a senator, I worried every day about the size of the federal deficit. I did not spend a single minute worrying about the effect of gays on the institution of marriage.”

John Danforth (1936) American politician

Op-Ed essay "In the Name of Politics", in The New York Times (30 March 2005) http://www.nytimes.com/2005/03/30/opinion/30danforth.html
Context: As a senator, I worried every day about the size of the federal deficit. I did not spend a single minute worrying about the effect of gays on the institution of marriage. Today it seems to be the other way around.

Marriage

“Only it was much, much worse than that. In fact, words alone cannot adduce how much worse it was than that. September 11 was an attack on words: we felt a general deficit.”

Martin Amis (1949) Welsh novelist

"The world: an explanation" in The Daily Telegraph (8 March 2003) http://webcache.googleusercontent.com/custom?q=cache:hZVARej7mn0J:www.martinamisweb.com/documents/world_explanation.doc&hl=en&gl=uk&ct=clnk&cd=1&ie=UTF-8&client=pub-4015880282924246
Context: What happened on September 11? On September 11 — what happened? Picture this: two upended matchboxes, knocked over by the sheer force of paper-darts.
Only it was much, much worse than that. In fact, words alone cannot adduce how much worse it was than that. September 11 was an attack on words: we felt a general deficit. And with words destroyed, we had to make do, we had to bolster truth with colons and repetition: not only repetition: but repetition and: colons. This is what we adduce.

“He thought the world's heart beat at some terrible cost and that the world's pain and its beauty moved in a relationship of diverging equity and that in this headlong deficit the blood of multitudes might ultimately be exacted for the vision of a single flower.”

Cormac McCarthy book All the Pretty Horses

All the Pretty Horses (1992)
Context: He remembered Alejandra and the sadness he'd first seen in the slope of her shoulders which he'd presumed to understand and of which he knew nothing and he felt a loneliness he'd not known since he was a child and he felt wholly alien to the world although he loved it still. He thought that in the beauty of the world were hid a secret. He thought the world's heart beat at some terrible cost and that the world's pain and its beauty moved in a relationship of diverging equity and that in this headlong deficit the blood of multitudes might ultimately be exacted for the vision of a single flower.

Pain , World , Beauty , Flowers

“In the long run, the most important changes required to make globalization work are reforms to reduce the democratic deficit.”

Joseph E. Stiglitz book Making Globalization Work

§10, p. 284
Making globalization work (2006)

Making love , Change

“In these circumstances it is essential we should be able to speak with sanity and authority in world monetary affairs. You cannot do this from a position of perpetual deficit.”

Roy Jenkins (1920–2003) British politician, historian and writer

Speech to the Labour Party Conference in Blackpool (30 September 1968), quoted in The Times (1 October 1968), p. 6
1960s

World

“The greatest foreign minister in Canadian history except for Lester Pearson…the person who tried first of all to get rid of the deficit…the credit for the fight in trying to get rid of the deficit belongs to Joe Clark and John Crosbie, and yet they are scorned.”

Joe Clark (1939) 16th Prime Minister of Canada

Brian Mulroney, PC Leadership Convention, May 30, 2003

Fight , Personality , History

“Take one part brilliant entrepreneur, one part narcissist, add in a smattering of Attention Deficit Disorder and a dash of philanthropy and you get Dov Charney.”

Dov Charney (1969) Canadian-born U.S. based fashion designer/businessman

Spunt, Alexandra (2003). "Mr. No Logo" http://web.archive.org/20030923021858/www.montrealmirror.com/ARCHIVES/2003/082803/style.html MontrealMirror.com (accessed August 7, 2006)

Parting

“Can it be doubtful that this is still the rule of human education; that the human creature needs first of all to be educated not that he may speak, but that he may have something weighty and valuable to say! If speech is the bank-note of an inward capital of culture, of insight and noble human worth, then speech is precious, and the art of speech shall be honored. But if there is no inward capital; if speech represent no real culture of the mind, but an imaginary culture; no bullion, but the fatal and now almost hopeless deficit of such? Alas, alas, said bank-note is then a forged one; passing freely current in the market; but bringing damages to the receiver, to the payer, and to all the world, which are in sad truth infallible, and of amount incalculable.”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

1850s, Latter-Day Pamphlets (1850), Stump Orator (May 1, 1850)

Art , Truth , World , Education

“Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it's been around.”

Rush Limbaugh (1951) U.S. radio talk show host, Commentator, author, and television personality

" Rush Limbaugh just admitted Republicans have totally abandoned a core party principle https://edition.cnn.com/2019/07/17/politics/rush-limbaugh-debt-trump/index.html", CNN (July 17, 2019)
2010s

“I grew up in Kentucky so that's the land of casseroles and barbecue and meat. So when I transitioned over to an entirely plant-based diet, I wasn't sure if I was gonna survive. And I actually became like a machine. […] I just immediately started feeling like I could go kick ass and not need the recovery in between. It was mind-blowing to my teammates. […] I was about ready to retire, as I should've been, because I'm like 35 at that time. But I just kept getting better, and so they had to take me to the Olympics. We were complete underdogs as Team USA. In our semi-final ride against Australia, we were down by 1.7 seconds. No one's ever come back in team pursuit from a deficit that large. And we beat them on the line by eight one-hundredths of a second. I was 39 and a half years old when I stood on the Olympic podium. I'm still the oldest person, male or female, to even go to the Olympic Games in my event. My diet was the most powerful aspect to me being able to perform and produce for the US team at the Olympic Games.”

Dotsie Bausch (1973) cyclist

Interview in the documentary-film The Game Changers by Louie Psihoyos (2018).

Personality , Game , Time , Feeling

“Journalism is the most Americanized of all professions, and nothing is more American than the belief that economic matters trump ideological ones. There is very little talk of ideology in coverage of any country. Western journalists here see a poor North facing off against a rich South and laugh at the notion that the former might have serious designs on the latter. They don’t seem aware of what I call the South’s state-loyalty deficit.”

Brian Reynolds Myers (1963) American professor of international studies

2010s, Interview with Isaac Chotiner (January 2018)

Loyalty , Country

“What I fear is a new direction for the president and his administration and what could very likely be a catastrophe for the working men and women, small business and entrepreneurs, our middle class, the American family, the very people this president has represented from the moment he announced he would run for the presidency.
That Mr. Trump would advance the interest of the globalist elites ahead of our citizens would be a tragic reversal on any day,
But today, on the same day the Commerce Department reported the United States had the largest trade deficit in our history ... it all means the White House has simply lost its way.
The nation’s heart will be, after all, broken by the very same people who brought 50 years of consecutive trade deficit and the export of millions of middle-class jobs and who have fed the swamp for decades”

Lou Dobbs (1945) American Television Host

6 March 2019 episode of Donahue Tonight on Fox Business Network https://twitter.com/LouDobbs/status/1103453101036658688, reported on 7 March 2019 by The Hill https://thehill.com/homenews/media/432993-lou-dobbs-trump-white-house-has-lost-its-way

Family , Housing , History , Business

“So that as I tried to say in my speech, we are not faced with the question of balancing our budget, or having a tax reduction. I believe we are faced with the fact that we are going to have a deficit mostly because of the sharp rise in the recent years in space and defense, and to increase our taxes sufficient to bring that budget into balance would be defeating, because of course it would provide a heavy deflationary effect on our economy, and move us into a recession at an accelerated rate.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Question

“I do not underestimate the obstacles which the Congress will face in enacting such legislation. No one will be satisfied. Everyone will have his own approach, his own bill, his own reduction. A high order of restraint and determination will be required if the possible is not to wait on the perfect. But a nation capable of marshaling these qualities in any dramatic threat to its security is surely capable, as a great free society, of meeting a slower and more complex threat to our economic vitality. This Nation can afford to reduce taxes, we can afford a temporary deficit, but we cannot afford to do nothing. For on the strength of our free economy rests the hope of all free nations. We shall not fail that hope, for free men and free nations must prosper and they must prevail.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Perfection , Waiting , Hope , Men

“I repeat: 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.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Future

“Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Way , Truth , Country

“The bottom line is the deficit went up every year under my predecessor, before the pandemic and during the pandemic. And it’s gone down both years since I’ve been here — period.”

Joe Biden (1942) 47th Vice President of the United States (in office from 2009 to 2017)

Source: https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/04/remarks-by-president-biden-on-economic-growth-jobs-and-deficit-reduction/ Remarks by President Biden On Economic Growth, Jobs, and Deficit Reduction (May 4, 2022)

Quotes about deficit page 2

Quotes about deficit
page 2