Calvin Coolidge Quotes

The best way for the Government to maintain its credit is to pay as it goes-not by resorting to loans, but by keeping out of debt-through an adequate income secured by a system of taxation, external or internal, or both.

The Government has to stop borrowing as much money; if we don't, quite frankly New Zealand will be downgraded and interest rates will go up for all New Zealanders.

I mean, I'm a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That's the case in Britain. We're not a reserve currency, so we need to get on and deal with this issue.

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?'

We don't know what's around the corner - and we must do everything to ensure we get our country's debts down, building our resilience so we don't repeat the mistakes of the past.

If you were starting from scratch to invent an instrument that could impose fiscal discipline, the last one on earth you would come up with is the United States government.

Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.

I served on the budget committee in the Senate, and I remember as vividly as if it were yesterday when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt - outrageous in my view.

We can't expect entrepreneurs and businesses large and small to take their life savings or their company's money and invest in America if they think we're headed to the road to Greece. And that's where we're going right now unless we finally get off this spending and borrowing binge. And I'll get us on track to a balanced budget.

Like working families all across the state, we must find a way to make government live within its means.

I believe Nebraskans appreciate the fiscal discipline I've brought to state government, balancing the budget without raising taxes and prioritizing education funding.

We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.

The best way for the Government to maintain its credit is to pay as it goes—not by resorting to loans, but by keeping out of debt.

Only when the budget has been balanced and a substantial amount set aside for debt retirement, should we consider tax reduction.

In good years, [the law] does not allow the state to capture so-called surplus revenue to save them for the downside of the business cycle

Not raising the debt ceiling is not an automatic trigger for a default.

Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.

There are only two honest ways to reduce our debt: cut spending or raise revenues.

When people talk about conservative government, that's it in a nutshell. We're using taxpayers' money like we would use our own. We're holding in the reins during good times so we're prepared during bad times.

He who bets on governments and government money bets against 6,000 years of recorded human history.

It's a shame that the president doesn't embrace the effort to reduce spending. None of us like using situations like the sequester or the debt ceiling or the operation of government to try to engage the president to deal with this.

[T]ax cuts are not just something that all taxpayers deserve, but also the best way to curb government spending. It is the best kind of tax reform. If the money never reaches the table, Congress can't gobble it up.

I, place economy among the first & most important republican virtues, & public debt as the greatest of the dangers to be feared

The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own.

Back in 2008, candidate Obama called a $10 trillion national debt 'unpatriotic' - serious talk from what looked to be a serious reformer. Yet by his own decisions, President Obama has added more debt than any other president before him, and more than all the troubled governments of Europe combined. One president, one term, $5 trillion in new debt.