Deficit Quotes - page 8
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
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.
Allen West (politician)
Take a unit, halve it, halve the result, and so on continually. This gives-1 1⁄2 1⁄4 1⁄8 1⁄16 1⁄32 1⁄64 1⁄128 &c.;Add these together, beginning from the first, namely, add the first two, the first three, the first four, &c;... We see then a continual approach to 2, which is not reached, nor ever will be, for the deficit from 2 is always equal to the last term added.
...We say that-1, 1 + 1⁄2, 1 + 1⁄2 + 1⁄4, 1 + 1⁄2 + 1⁄4 + 1⁄8, &c.; &c.;is a series of quantities which continually approximate to the limit 2. Now the truth is, these several quantities are fixed, and do not approximate to 2. ...it is we ourselves who approximate to 2, by passing from one to another. Similarly when we say, "let x be a quantity which continually approximates to the limit 2," we mean, let us assign different values to x, each nearer to 2 than the preceding, and following such a law that we shall, by continuing our steps sufficiently far, actually find a value for x which shall be as near to 2 as we please.
Augustus De Morgan
Nor was my attendance at the Polo Grounds limited to baseball games. I sat in the lower left field stands to watch the championship professional football game between the undefeated Chicago Bears led by Bronc Nagurski and the New York Giants. Because the field was so icy slick-the temperature dipped to four degrees above zero that Sunday afternoon-the Giants' owner Wellington Mara had a minion at halftime break into Manhattan College's gymnasium and steal the school's basketball sneakers. Clad in sneakers and suddenly able to keep from sliding all over the joint, the Giants turned a 13-3 deficit into a 30-13 victory. All this despite an advisory to his teammates from a former Chicago linebacker named George Halas, "Step on their toes! Step on their toes!"
Arnold Hano
EU countries lose approximately €1,000 billion with tax avoidance. If Finland would receive of this €1,000 billion 1 % in relation to its population in the EU, it would be €10 billion. The famous deficit would be fixed up. If tax avaidance is not restricted we continue to have deficits and budget cuts.
Satu Hassi
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.
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.
Thomas Frank
Which European leader today would not relish the wonder-working powers of a Moses? Budget deficit? Unpopular cuts? How about just a little miracle, an overnight increase in gold reserves, a new oil field, or the next world-changing communications technology? Surely that's not too much to ask.
Jonathan Sacks
Despite a relative control over expenditure in 2013, the persistence of a very high public deficit (4.3%) was mainly due to an unprecedented and unexpected drop in tax revenue which confirms the existence of a tax tolerance threshold, specific to each country, and which may have been reached in France. Above this threshold, any tax increase has a counterproductive effect as compulsory taxes stifle activity by further weakening the economy's growth potential.
Éric Pichet
