Franklin Raines Quotes

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.

Well, I think what we need to remember is that budget deficits can impede economic activity.

I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.

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

The best time to make deficit reduction a priority is when the inflation rate and the bond market give you some indication that you are headed for a dangerous inflationary spiral.

Japan's future prospects depend on ensuring fiscal sustainability over the long term.

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

To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.

Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.

Public borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts.

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.

When gross public debt exceeds 90 percent of GDP, economic growth tends to decline considerably.

In fact, I think - our view of this is that while the agreement, the compromise did not achieve the kind of super-sized deficit reduction that we sought, it did end the uncertainty around the perception, the possibility that the United States might default on its obligations for its first time. That was a good thing.

When you put money directly to a problem, it makes a good headline. It makes a good campaign slogan. You get to claim that you've engaged in these activities within an election cycle. But certain investments take longer than an election cycle.

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

To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.

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

The choice facing the American people is not between growth and stagnation, but between short-term growth and long-term disaster.

One of the big challenges for our party is to demonstrate to people that we have an agenda for economic prosperity and that we can be trusted with their money.

I mean, the fact of the matter is, Ohio 's coming back because we set a clear path, we cut taxes, we balanced our budget, we got credit upgrades when the whole rest of the world, including America, was being downgraded.

People do not understand what a great revenue economy is.

Temporary tax cuts don't create permanent confidence, nor permanent jobs.