Barack Obama Quotes

My friend Paul Ryan talks about fiscal responsibility, but voted to put two wars on a credit card.

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.

We have been maintaining a standard of living by putting things on the debt of the next generation.

We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

If President Obama is re-elected, he will continue to spend more money than we take in and to expand a debt that's already on the verge of being unsalvageable. That's a future that should frighten every American, no matter what their generation.

I refuse to leave our children with a debt that they cannot repay.

I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It's a form of taxation without representation. I don't think we can do that.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

You know, Hoosiers recognize pork when we see it. And they recognize what bailing out every failing business in America means - We're burying generations under a mountain range of debt.

I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.

To date, every American citizen has nearly $27,000 in public debt riding on our backs.

For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of $423 billion is projected to be the largest of all.

Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want—and their kids pay for it.

A public debt is a public curse and in a representative government greater than any other.

The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

The easiest thing that is done, unfortunately, in Washington is to spend money today and send the bill to our children and grandchildren.

Our nation's debt has to be a concern for us all. It is not sustainable long-term.

One of the cruellest things of all is to have a huge deficit in this country, meaning that everyone's children will be expected to pay back for our debt today. That is unfair as well.

Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.

The American people care about the fact that we have $17 trillion in debt and 10 percent of every tax dollar that's coming in is going to pay for past overspending.

Basically, if you're a young Canadian now and Trudeau puts this country into $1.5 trillion in debt, you will never have the opportunity that I had as a young Canadian.

The immense and ever increasing sums which the state wrings from the people are never enough for it; it mortgages the income of future generations, and steers resolutely toward bankruptcy.

America has tremendous problems. We're a debtor nation. We're a serious debtor nation. And we have a country that needs new roads, new tunnels, new bridges, new airports, new schools, new hospitals.

Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.