David Malpass Quotes

Spending when the math's not there and the numbers aren't there and if they look in the social security trust fund, it's filled with IOUs because the government's been pilfering it for years on end. We have to do something. We have to start having this discussion.

The state is out of control, the state is on a spending binge, the state has to stop putting itself in a hole that's getting deeper and deeper and deeper.

The fact is, almost every year since the founding of these United States, our government has lived beyond its means.

We have revenue coming in. We can pay our interest payments. And then we can prioritize what government programs that have been given to the American people that are unsustainable promises that have been made by reckless politicians that can't possibly be sustained. We can determine which one of those if any we need to keep.

We need to resist the temptation to create more entitlements and more entitlements, which is one of the reasons we are heading recklessly toward fiscal crisis.

Both parties recognize the fundamental danger the country's debt poses to our nation's future, but President Obama's policies have not reflected that reality. By the end of his first term, his administration will have nearly doubled our public debt.

American voters should understand that Congress will always find a way to spend every last dollar sent to Washington. Remember, politicians get votes by promising everything to everyone, always at the expense of some other invisible taxpayers. ...The federal government cannot maintain a budget surplus any more than an alcoholic can leave a fresh bottle of whiskey untouched in the cupboard.

The Appropriations Committee in the Senate is out of control, out of control on spending.

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.

Every American knows there are government expenses that are absolutely not necessary. I disagree with the very idea that our government is spending $2.4 trillion in the most efficient manner.

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.

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

Memo to Congress: America's problem is not that government is too small. It's the spending, stupid!

People try to live within their income so they can afford to pay taxes to a government that can't live within its income.

Government does not have a revenue problem; government has a spending problem. Government does not have a revenue problem; government has a priority problem. It is time that we begin to fine tune our focus and decide what the priority of government ought to be.

It is time we passed a balanced budget amendment and return this government to limited spending.

The unjustified swelling of the budgetary deficit and the accumulation of public debts are just as destructive as adventurous stock-jobbing.

Bush has never sent over a balanced budget.

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

We've not had one Republican president in 34 years balance the budget. You can't trust right-wing Republicans with your money. You ought to hire somebody who has balanced a budget. I'm much more conservative with money than George Bush is.

It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.

I've criticized Republicans for their lack of fiscal discipline when they controlled Congress before 2007. However, that is no excuse to just continue with more of the same or, as the case is now, to make it worse. Under House Speaker Nancy Pelosi's budget, we will double the national debt in five years and triple it in 10.

The President must stop gambling with taxpayers' money and get the country back on the path of fiscal sanity.

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.

There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.