John Delaney Quotes

Let us act with our eyes open. We are going to have a deficit next fiscal year and the year after that.

The Treasury has enough trouble with forecasts even when they are trying to get them right.

On the way from Chicago, I spent the summer of 1947 in Ottawa, helping to build the first of a series of econometric models for the Canadian government.

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.

When the private does well, there's revenue for the public sector.

To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.

During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers.

The fundamental problem is that President Obama has grown government. He has grown the private sector jobs.

People working in the private sector should try to save money. There remains the possibility that it may someday be valuable again.

The funds from the sale were put into research and general teaching budgets at the university. Wharton Econometric Forecasting Associates, Inc., is now a growing enterprise with many model and other econometric facilities.

Whether it was his ability to turn around the Massachusetts economy or turn around businesses in the private sector, Mitt Romney has demonstrated the leadership that we need in the White House to get the country on the right track.

A budget is a moral document of a nation’s priorities.

The primary role of the economist is to find out the truth about the real world.

If they saw the enormity of it up front, they might decide they have a choice. They might say that the cost to the taxpayer is too high. The deficit has to look big enough to be important but not too big that it spoils everything.

We have professional economists who can defend any viewpoint with statistics and they do that everywhere in the world.

The next president is going to be faced with the prospect of realigning our national security interests with our resources—–and for God's sake, getting some certainty into the budget process so we can actually plan.... Instead, we tend to look at things one year at a time.

The CBO is the only group that makes the weatherman's ten-day forecast look like exact science. They seem to miss their projections with extreme regularity.

In the private sector, you have a budget and you stick to it.

I'm old enough to remember when Republicans loved the CBO because it tells the conservatives the thing that matters most to them which is how much is it going to cost taxpayers.

I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.

Paying for disasters and being fiscally responsible are not mutually exclusive.

If taxes and government spending are both slashed, then the salutary result will be to lower the parasitic burden of government taxes and spending upon the productive activities of the private sector.

In the Senate, I will work to shrink the size of our federal government to its core Constitutional role so the private sector can thrive.

In the private sector we budget for rainy days or offset unexpected expenditures with spending cuts and the same principles should apply to Congress.

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.