Deficit Quotes - page 9
I have tried to draw attention to South Korea's dangerous state-loyalty deficit, by which I mean citizens' lack of a sense of identification with their republic. In doing so I have noted the obvious parallels with South Vietnam, another state fatally weakened by nationalism. On this point too, I seem to be talking to the wall. Even Americans interested in the nuclear crisis feel no need to learn about party politics in South Korea. It's a thriving, prosperous democracy, and that's all that matters.
Brian Reynolds Myers
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
Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial relationship, I give up an item I value less, for something I value more: a fee for the desired product or service. My trading partners, whose valuations are in complementary opposition to mine, reciprocate in kind. Ceteris paribus (all other things being equal), there's nothing wrong with my running a trade deficit with Costco, my hair stylist or my GTI dealer, as I do-just as long as I pay for my purchases. However, the data demonstrate that Americans, in general, are not paying for their purchases.
Ilana Mercer
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
I've heard the critics complain about the costs of change. I'm confident that at the end of the process, the change will be paid for-fairly, responsibly, and without adding to the federal deficit. It doesn't make sense to negotiate in the pages of NEWSWEEK, but I will say that I'm open to many options, including a surtax on the wealthy, as long as it meets the principle laid down by President Obama: that there will be no tax increases on anyone making less than $250,000 a year. What I haven't heard the critics discuss is the cost of inaction. If we don't reform the system, if we leave things as they are, health-care inflation will cost far more over the next decade than health-care reform. We will pay far more for far less-with millions more Americans uninsured or underinsured.
Ted Kennedy
This week, my administration released new information that contains that we're on track to cut the federal deficit by another - another $1.5 trillion by the end of this fiscal year - the biggest decline in a single year ever in American history. And the biggest decline on top of us having a $350 billion drop in the deficit last year, my first year as President.
Joe Biden
Given what a powerful determinant, mostly for ill, skin color has been in human history and individual experience, it is surprising how little we know about its underlying genetics. This deficit, however, may have had less to do with the limitations of our science and more with the intrusion of politics into science; in an academic world terrorized by political correctness, even to study the molecular basis of such a characteristic has been something of a taboo.
James D. Watson
