Payment Quotes - page 5
We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president's budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years - a down payment toward tackling our challenges in the long term.
Jacob Lew
I will not be proposing a course which has been under some public discussion recently - deficit financing. It is wholly inappropriate to our economic situation. In its least extreme form it is based on the theory that additional money generated by a Government deficit (and given currency, as necessary, by use of the printing press) will stimulate consumption and thereby production, in time to match the excess money with goods before real inflationary harm is done. Unfortunately we don't, and can't, produce more than a small fraction of what we consume, and increased consumption would merely mean increased imports without matching exports; and a severe balance of payment crisis, which would destroy Hong Kong's credit and confidence in the Hong Kong dollar; and which we could not cure without coming close to ruining ourselves. Keynes was not writing with our situation in mind. In this hard world we have to earn before we spend.
John James Cowperthwaite
You still love me - even if there's one expression of it that you will always feel and want, but will not give me no longer. I'm still what I was, and you'll always see it, and you'll always grant me the same response, even if there's a greater one that you grant another man. No matter what you feel for him, it will not change what you feel for me, and it won't treason to either, because it comes from the same root, it's the same payment in answer to the same values.
Ayn Rand
After two years of exploratory discussions, and a conference (1st - 22nd July), the Bretton Woods agreements were initially signed by 44 states; the others followed in the course of time. A co-author of the project was the United Kingdom, under the leadership of Winston Churchill. Since the Atlantic Charter, issued by Roosevelt and Churchill (August 14, 1941), UK shared the US commitment for the postwar dominance, a multilateral payment system, and an international cooperation. The US was then the world biggest creditor country.
Nico Perrone
I think the testimony was that one should not receive payment that would properly be due to the enslaved. But this country is, to this very day, receiving payment that was due to its enslavers. That's the way inheritance works in this country, however one might feel about that. If I assemble a mass of money, I have the right to pass that on to my kid. My kid has the right to do whatever and then pass it on to their kid. And so, there's something fundamentally injust if I have secured that money by taking it from one group, and then I pass that money on to my kid.
Ta-Nehisi Coates
