Mark Kirk Quotes

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.

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

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.

We should, as a country, be very concerned about our borrowing cost.

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.

A national debt, if it is not excessive, will be to us a national blessing.

A nation is not in danger of financial disaster merely because it owes itself money.

No country can violate the laws of economic gravity too long.

The biggest enemy of the United States is not some terrorist hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility

American economic history does not support the idea that a strong economy depends on chronic federal borrowing.

We borrowed money to fight the Revolutionary War, and so there was a debt owed. We paid it. If we have done that for 235 years, if we have done it ever since this country has existed, we can do it again.

I firmly believe that the U.S. has to honor its debt.

Our growing national debt is a threat to our national defense and to our domestic priorities, including research and development, education, health care, and investments in our economic growth.

There are some things that are under our control, and that is to ensure that we ourselves follow sound macroeconomic stability rules.

The biggest reason we know Justin Trudeau will raise taxes is because his never-ending deficits will force him to.

It took the first 204 years of our Nation's history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.

I am not worried about the deficit. It is big enough to take care of itself.

The job of the Central Bank is to worry.

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

There's no debt limit in the Constitution.

I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

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

Deficits. Most people of knowledge say it's the biggest single problem facing the economic free world.

The Government has to stop borrowing as much money; if we don't, quite frankly New Zealand will be downgraded and interest rates will go up for all New Zealanders.

I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.