Michele Bachmann Quotes

The lion's share of the damage to the Irish economy was the fault of domestic, economic, and financial mismanagement.

We can't continue to kick the can when it comes to the fiscal state of this country.

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.

Deficits. Most people of knowledge say it's the biggest single problem facing the economic free world.

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.

Too many Americans are out of work, and our debt is out of control.

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.

In the United States we have the great Harvard Business School, but America is the country with the greatest debt in the world.

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

For me, there will be no enemies but unemployment, the deficit, excessive debt, economic stagnation and anything else that keeps our country in these critical circumstances.

What you have in legacy countries is long-term insolvency.

Not every business cycle has a financial crisis. Frequently they do.

We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child.

France is the country where the money falls apart and you can't tear the toilet paper.

The political ramifications of our festering financial and economic crisis have reached the sidewalks of New York, as well as other large and small cities across the US.

Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks… The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government.

No nation has ever devalued itself into prosperity.

Our national finances are in a ruinous state.

It's very difficult to rally people to deal with an economic problem as opposed to a military threat.