Urjit Patel Quotes

If we don't get a grip on government spending, there will be no growth.

I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.

There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries.

Fiscal policy is not just, or even not even principally, the purview of the president.

When the economy is growing, there's a lot that can be done to deal with the deficit.

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.

I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment: 'steady as she goes'.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

It is better to implement reforms in times of economic strength.

I always think a debt ceiling is a good tool to carry something.

Fiscal discipline can turn the economy around.

We are going to serve our full term; there will be no snap election, and we are going to do our best to ensure that 2016 is going to be a good economic year.

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.

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.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would've pointed to the debt clock and said, we built 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.

Fiscal discipline is a priority in Romania, and we have already proven we are committed and able to make real progress in this area.

It was my privilege to serve with Paul Ryan in the House and on the Ways and Means Committee. Ryan's vast experience and bold, reform-minded ideas were always evident. His knowledge of the federal budget is widely recognized.

If we have a common currency, the main regulator for policy in the country is the fiscal policy.

I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.

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.

I mean, I'm a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That's the case in Britain. We're not a reserve currency, so we need to get on and deal with this issue.

You cannot spend your way out of recession or borrow your way out of debt.

Spending and tax cut decisions must be both fiscally responsible and fair to our working families. I believe that fiscal responsibility is the way to create prosperity for America and secure the retirement of America's seniors.