Rand Paul Quotes

The single biggest threat to our national security is our debt.

A national debt, properly funded and serviced, can be a potent instrument of national policy.

Defaulting on our [national] debt is defaulting on America.

The cozy world we were told would go on forever, where full employment would be guaranteed by a stroke of the Chancellor’s pen, cutting taxes, deficit spending—that cozy world is gone.

American economic history does not support the idea that a strong economy depends on chronic federal borrowing.

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

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

When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.

I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.

If you raise taxes, it won't reduce the deficit. The other team will simply spend the resources.

You care about the deficit because it allows you to do things you need to do to help people who are suffering.

For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of $423 billion is projected to be the largest of all.

We've got to start worrying about America. And if we don't start dealing with the debt we have and the deficit spending we have in Washington, politics doesn't matter, because the American people do realize that they have to balance their budgets.

As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.

We are spending a little more than we are raising each year and you wonder how long it can go on. It is too easy for us to borrow.

Massive Federal Budget Deficits are only the most conspicuous sign of a society that has promised itself more than it could afford.

For a generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U.S, became the world's largest debtor.

Your Minister of Finance must confess to Your Majesty that he is frozen with terror on examining the budget for the War, and must also that he knows of no means by which such expenses can possibly be met….

We borrow 40 cents out of every dollar that we spend. We borrow most of it from countries like China. They have become major creditors of the United States and have more power over our economy than we want them to. So dealing with this is not only the right thing economically, it's certainly right from a moral viewpoint.

When President Bush left office, the deficit was approximately $500 billion. It is now approximately now $1.5 trillion. In other words, President Obama has essentially tripled the deficit.

The United States appears to be a debtor nation in perpetuity.

According to the White House, the president's proposed 2016-2017 spending would add - get this - $62 billion to the deficit.

The way to reduce the deficit is to create jobs and work opportunities so that people will have money with which to pay taxes.

We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.