David Malpass Quotes

If we don't change the way Washington operates we're going to bankrupt our children and grandchildren.

Italy has piled up huge public debt because the successive governments were too close to the life of ordinary citizens, too willing to please the requests of everybody, thereby acting against the interests of future generations.

I think that we have a responsibility to make certain that we are fiscally responsible in order to assure, frankly, future generations don't have to pay our bills.

I don't want to leave my successor and my children to pay for France's debt.

Those who say we can continue to indefinitely borrow from our children and grandchildren and generations to come in fact are eroding our ability to do what we ought to do in education, in health care and in other things.

I urge the Congress to avoid running up large costs for future generations of Americans.

We all have to sacrifice to reduce the debt, but we can’t sacrifice our future.

America needs a new approach to boost the economy - one that does not doom future generations to being saddled with paying off today's federal deficits.

In order to truly get deficit spending and federal debt under control, the Trump administration is going to have to eventually address entitlement reform. If not, Trump will not only become part of the Washington status quo on the issue, but will leave burdensome and expensive problems for future generations.

Congress must do what we said we would and find ways to pay for bills we propose so we don't leave future generations mired in debt.

The biggest change we have to tackle that's out there is that we're digging the hole deeper and deeper and spending is totally out of control. And that's something that, quite frankly, is affecting future generations. You're giving a lot of debt to them and you can't keep doing it. It's not helping anybody.

Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.

Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.

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.

America has to ask itself not what it wants, but what it can afford... The New Deal, in my mind, has become a raw deal for my children.

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?'

When our most important issue is the debt that we're piling on our children and grandchildren, I think it's pretty helpful to have someone in the U.S. Senate who has actually managed billions of dollars and knows how to cut billions of dollars.

So when I look at spending more dollars, I look at the fact, do I really want my kids and your kids and everybody else's kids in this country to have to pay that bill?

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.

When Mr. Obama entered office, he said all the right things about getting Washington spending under control. He even promised to cut the deficit in half by the end of his first term. Obviously, that didn't happen.

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.

If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.

If the rest of Washington ran as efficiently as this football team there wouldn't be any deficit.

Our system of keeping the federal government's books is a monument to the creativity of mankind ... We've cut government spending for 15 years in a row, and yet have spent more money in each of those years.

Can the amazing national debt be paid by a little trifling sum squeezed from year to year out of America?.... Would it not be much superior wisdom, and sounder policy, for a distressed kingdom to retrench the vast unnecessary expenses continually incurred by its enormous vices?