Michael Crapo 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.

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.

It's insane to try to balance the budget.

But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction.

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

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..

How does one leave Social Security and Medicare untouched, grow defense by more than $50 billion, slash taxes, launch a $1 trillion infrastructure program - and not explode the deficit and national debt?

We can't continue to tax, borrow, and spend at the rates that we are, and it's just got to be stopped.

I think to balance the budget, probably every federal department has to take cuts in my opinion.

As the President reviewed the state of the union and unveiled his second-term agenda, he fell short of adequately explaining how he intends to set America back on the course of fiscal responsibility and secure the fiscal health of the nation.

What we do want to see is reforms that are going to have a permanent effect on the budget deficit.

Of course we have to address the deficit if we win.

Cutting budget deficits can never be just an exercise in economics.

Look, I am not worried about Washington cutting too much spending too fast. I mean, the kinds of spending cuts we're talking about just right now are $100 billion out of a $3.7 trillion budget.

Under President Obama, we have spent more money - he has spent more money than any other president in this history, actually, the combined total from Washington up to George W. Bush. President Obama has racked up more spending, $1 trillion deficits. And it's time that he join us in this effort to get our fiscal house in order.

Even with not having a balanced budget at this time, I support tax cuts. That will help limit spending.

I am a deficit hawk.

It is admitted on all sides that we must equalize the revenue and expenditures. The scheme of borrowing to make up an increasing deficit must, in the end, if continued, prove ruinous.

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

Monetary discipline forces fiscal discipline on the politicians as well.

The deficit only became a big problem in the Reagan-Bush years. For 12 years, Republican presidents talked about balancing the budget, but failed to propose one.

We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.

There is a difficult leap between talking about balancing the budget and actually doing it.

The Gillard government must give up its addiction to wasteful spending borrowing and taxing.

Without deficit reduction, we cannot have sustained economic growth.