James Callaghan Quotes

It is better to implement reforms in times of economic strength.

Fiscal discipline can turn the economy around.

If we don't get a grip on government spending, there will be no growth.

I will work to restore fiscal responsibility to our country's budget and to provide for a more robust economy.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy.

We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

We cannot cut our way to prosperity.

Any move to reduce government spending is a positive for the economy.

Gradual fiscal consolidation may also be stimulative in the short run.

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

You cannot spend your way out of recession or borrow your way out of debt.

If we make the tough decisions now, we will be one year ahead of 80 percent of the states in the race to economic growth. If we fail to act, we will fall even further behind... by going first, we can become first.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

We plan to spend 20 billion lari ($12 billion) from the budget in the next four years on implementation of all tasks presented in our new programme.

I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth.

Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.

Well, I think the president has clearly submitted us a tight budget, but it's what's called for if we're going to get spending under control and keep the economy moving in the right direction, with economic growth and job creation activity.

Without deficit reduction, we cannot have sustained economic growth.

There is only so much pain voters will tolerate. And there is insufficient reason to believe that today’s austerity will bring tomorrow’s prosperity.

Look at what happened in the 1990s: when they balanced the federal budget, it was through growth in the economy and controlling spending.

My priority is my economy minister mandate and to create momentum.

Getting the budget balanced, regulatory reform, tax reform - I think these lead to economic growth.

I believe reduced spending, lower taxation, and economic growth go hand-in-hand.