Wolfgang Schauble Quotes

We all have to resist the temptation to finance growth with increased debt yet again.

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.

We all have to sacrifice to reduce the debt, but we can’t sacrifice our future.

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.

Ultimately, we can't just keep doubling our national debt every eight years. We have got to get that under control and not spend more than we bring in.

I will always vote what I have promised, and always vote the Constitution, as well as I will not vote for one single penny that isn't paid for, because debt is the monster, debt is what's going to eat us up and that is why our economy is on the brink.

I think everyday people on the street who have never been affiliated with the tea party movement are alarmed with the spending and the debt that we have.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

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

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.

When you're the president of the United States and you know that the biggest issue facing you is this cliff that we're about ready to head over if we don't get this spending and debt situation under control, it's very irresponsible not to take the action that is necessary to fix the problem.

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

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.

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.

I've been pretty clear about saying that I think that the No. 1 threat to our national security is our debt. And we've got to get our arms around that and head it in another - head it in the right direction - that we have to pay our fair share of this.

Any government, like individuals and families, cannot spend more than they take in without courting disaster.

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.

To preserve our independence, we must not let our rulers load us with perpetual debt.

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

I believe, as a matter of principle, that the debt is a problem that must be addressed sooner rather than later. I also know that fundamental changes are needed in the way Washington spends and taxes if we truly want a healthy economy. This must include changing our government's long-term fiscal path, which is unsustainable.

The people of Illinois sent me to Springfield to end the era of unbalanced budgets and runaway debt.

Only one thing can save this country, and that's to get a handle on this deficit and debt issue.

I believe that if we are able to, obviously we need to ensure that we have a robust budget that's balanced, but there's no way I would ever accept austerity.

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.

We don't know what's around the corner - and we must do everything to ensure we get our country's debts down, building our resilience so we don't repeat the mistakes of the past.