Luis de Guindos Quotes

But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

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

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

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

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

To be clear, aiming to reduce the national debt in the long term and running small surpluses when the economy is operating close to full capacity is what I mean when I talk about seeking to 'balance the books' - a sensible approach.

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

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

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

We have to reduce the burden placed on our economy by years of deficits and debt.

It's insane to try to balance the budget.

If you don't get spending under control, eventually you're going to have a big tax increase.

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.

Monetary discipline forces fiscal discipline on the politicians as well.

You know, we've got to be responsible about our debt. We don't want the United States to ever be a dead beat, and not be able to pay its bills, either to our soldiers who are fighting or to Social Security recipients.

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

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

We cannot cut our way to prosperity.

No pecuniary consideration is more urgent than the regular redemption and discharge of the public debt. On none can delay be more injurious or an economy of time more valuable

Let us have the courage to stop borrowing to meet continuing deficits. Revenues must cover expenditures by one means or another. Any government, like any family, can, for a year, spend a little more than it earns. But you know and I know that a continuation of the habit means the poor house.

You cannot borrow and spend your way into prosperity. It does not work.

Fiscal discipline can turn the economy around.

As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.

Not raising the debt ceiling does not trigger a default, because we've got enough money to service our debts. Default is when you can't service your debt.