Joseph R. Biden Jr. Quotes

What would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together - stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government.

Economy does not lie in sparing money, but in spending it wisely.

And with the money from your corn, from your rents, and from the issues of pleas in your courts, and from your stock, arrange the expenses of your kitchen and your wines and your wardrobe and the wages of servants, and subtract your stock.

You cannot establish sound security on borrowed money.

You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

There is no question that we are in a period in which we are going to have to use those sources to fund about 35 million dollars a year that used to be paid for by the federal government.

It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.

We've got to start worrying about America. And if we don't start dealing with the debt we have and the deficit spending we have in Washington, politics doesn't matter, because the American people do realize that they have to balance their budgets.

Most of the major increases in the debt ceiling have been accompanied by structural changes in the way we raise and spend money.

There are but two ways of paying debt—increase of industry in raising income. increase of thrift in laying out.

You spend a billion here and a billion there. Sooner of later it adds up to real money.

Back home in Maine people tend to think that there should be a balance between money coming in and money going out in their own lives, in their businesses and the Federal government.

Let’s make this the year where we are either going to get rid of the deficit or get rid of the idea that we are going to get rid of the deficit..

I've made a payroll. I know what it's like to execute a business plan. I know what it's like to expect the proper return on investment... and I know you can't spend your way out of debt.

You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.

If you only take money in the bank and never put money in the bank, you'll go broke.

This deficit that we have threatens our very way of life, and everything needs to be on the table.

More generally, I strongly believe in the importance of fiscal responsibility.

I think if we give Glenn Beck the numbers, he can solve this [the national debt].

There's not a lot you can do about the national economy but there is a lot you can do about your personal economy.

Any Government, like any family, can for a year spend a little more than it earns. But you and I know that a continuation of that habit means the poorhouse.

When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it.

Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.

The money I saved during baseball was probably all gone. I'm tapped out.

Everyone is always in favour of general economy and particular expenditure.