George Washington Quotes

The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.

The best way for the Government to maintain its credit is to pay as it goes—not by resorting to loans, but by keeping out of debt.

There are no uncontrollable outlays except for debt interest. Outlays are what they are due to legislation.

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

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.

There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'

In the medium and long term. Spain is solvent and able to pay its high debts. In the short-term, we have the capacity to meet our obligations.

Tonight I come before you to announce that the Federal Deficit will be simply zero.

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.

The era of deficit denial is over

Honest people can disagree on policy. But where there can be no honest disagreement is the need to change our nation's debt course.

I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road.

In addition to reining in spending, taxes, tolls and fees, let's rein in how much the state borrows.

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.

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.

What matters to me is that I do what I think is right and I see, I'm a numbers guy, that's my attitude. I know we have a debt tsunami coming, we are bankrupting this country and I'm in a position where I can actually advance ideas to prevent that from happening. That's exactly what I should be doing.

The Tea Party knows that continuing to delay charting a course to spending reform hurts everybody.

I think that, you know, this is a different year than most years. We've got to tell the American people that we have to live with less. We have a $13.5 trillion debt. And the only way to do that is an honest campaign with honest people.

Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.

My hope is that we're going to be more strategic and focused as we look for a way to address the long-term deficit and debt issues that are affecting this nation.

Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world.

If it took multiple debt ceiling hikes, I'd rather achieve the savings.

People question me all the time about my experience. They question my experience in politics, and the first thing I always tell them is yes, I have no experience raising taxes over and over. I have no experience increasing the debt in a state.

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

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