Kim Reynolds Quotes

Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.

When President Obama was in the Senate, when he was a U.S. senator, he voted against raising the debt ceiling. And he said it was a lack of leadership that had brought us to this point.

You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would've pointed to the debt clock and said, we built that.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

When you're the president of the United States and you know that the biggest issue facing you is this cliff that we're about ready to head over if we don't get this spending and debt situation under control, it's very irresponsible not to take the action that is necessary to fix the problem.

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

Under President Obama, we have spent more money - he has spent more money than any other president in this history, actually, the combined total from Washington up to George W. Bush. President Obama has racked up more spending, $1 trillion deficits. And it's time that he join us in this effort to get our fiscal house in order.

I've criticized Republicans for their lack of fiscal discipline when they controlled Congress before 2007. However, that is no excuse to just continue with more of the same or, as the case is now, to make it worse. Under House Speaker Nancy Pelosi's budget, we will double the national debt in five years and triple it in 10.

The reason Congress hasn't balanced the budget is that the sky hasn't fallen lately.

Barack Obama and Hillary Clinton have left us with $19 trillion in debt.

If we reach the debt ceiling, we don't have to default. Getting to that point just won't allow us to reach new debt.

The greatest threat to our national security is our debt. We borrow a million dollars a minute.

I know economists will say well, we could run a small deficit but the problem is that once you cross that line as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control.

While President Obama shirks his responsibility to advance solutions to our fiscal challenges, he can no longer hide from the merciless math of the balance sheet. Conservatives have made certain of that.

We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

You cannot tackle Britain's debts without tackling the unreformed welfare system.

It's disappointing that President Obama - who ran for office in 2008 saying he was going to be a fiscally responsible president - has caused the largest deficits and the largest debt in American history.

I really truly worry that the debt is one of the single biggest threat to the United States of America, that we're talking about a problem that is multi-trillion in its depth and I think we ought to be cutting more.

Bush has never sent over a balanced budget.

There are a lot of anachronisms in Washington, but the need to periodically raise the debt limit by Congressional vote is certainly one of them.

But if they want to really think about the fiscal future of this country, then think about how we have moved from hundreds of billions of surpluses to hundreds of billions of deficits.

There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'

The American people want a balanced budget. They want Congress to stop this barbaric practice of perpetual deficit spending. It really, if you think about it, is a form of taxation without representation. We fought a war over that issue and we won that war.

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

I think we are not serious about attacking the long-term debt problem, and that's one of the things that he's going to have to find a way to get on the agenda.