Al Sharpton Quotes

If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.

Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for maneuver, less money available to stimulate the eocnomy in the way needed.

Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.

Spending on the military doesn't increase the deficit.

The federal budget deficit is the biggest single impediment to revitalizing the American economy.

The fact is, almost every year since the founding of these United States, our government has lived beyond its means.

Federal spending is atrocious.

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

Social Security has nothing to do with the deficit.

As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

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.

The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.

What the federal government does basically is borrow money from people and mail it to people.

Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history.

A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. It will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry.

President Obama inherited a one trillion dollar deficit courtesy of George Bush and turned it into a three trillion dollar deficit courtesy of Karl Marx!

It is your tax which pays for public spending. The government have no money of their own. There is only taxpayers' money.

Let there be no doubt: Democrats are the party with two ideas: borrow and spend. The only vigorous internal debate on the left revolves around two questions: How much and how much more?

When you get the economy growing, that's when you can deal with the national debt.

I worry that we're seeing a situation- Obama's administration not only committing us the huge deficits for the future, but is also redefining the relationship between government, on the one hand, and the private sector on the other.

The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

Look, I don't dispute that the deficit has increased.

We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.