Francois Hollande Quotes


Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.


Citations

Hollande, François. "SPIEGEL Interview with French Presidential Candidate François Hollande: 'Austerity Need Not Be Europe's Fate'." Der Spiegel, Spiegel-Verlag, 27 Feb. 2012.

Related Quotes

After many years of deficit financing, Clinton finally produced a balanced budget and together with his Secretary, of the Treasury, Robert Rubin, actually developed an economy which was producing a huge annual surplus that would soon eliminate the national debt. However, when George W. Bush replaced Clinton after two terms, Bush was unable to manage the budget any better than the other aspects of the Presidency. He cut taxes dramatically and even after it was clear that the Clinton surplus was squandered, he continued tax reductions and even increased them while increasing government spending creating the biggest government in history and went from our largest surplus to our largest deficit in his 8 years.


The Clinton budget was a very unusual one. He and Treasury Sectary Robert Rubin determined that the large deficit built up in the previous administrations and the high interest rate were competing with the private sector for investment capital. Therefore the budget raised taxes and took other steps to reduce the largest deficit then in American History. Virtually all of the Republicans saw disaster for the economy with this budget and even some of the fiscal conservatives from Clinton’s own party were opposed. The budget passed by a single vote in the House, and that started the largest economic growth period in American History. The economy became so strong that Clinton was able to produce a balanced budget, eliminate the Reagan deficit and produce more new jobs than any administration in American history. The prediction that the budget would cause the country to fail was, not only wrong, but the budget caused the nation to succeed, beyond what any thought possible. See {626772} for one of the warnings from his own party.


Francois Hollande
Francois Hollande
  • Born: August 12, 1954
  • Nationality: French
  • Profession: Statesman

François Gérard Georges Nicolas Hollande is a French politician who served as President of France and ex officio Co-Prince of Andorra from 2012 to 2017. He previously was First Secretary of the Socialist Party from 1997 to 2008, Mayor of Tulle from 2001 to 2008 and President of the General Council of Corrèze from 2008 to 2012. Hollande also served in the National Assembly twice for the first constituency of Corrèze from 1988 to 1993 and again from 1997 until 2012.