Joe Miller Quotes

If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'

But if our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'

This accumulated debt at all levels of our society poses an immediate existential threat to America. Now unlike the manufactured crises of global warming and healthcare, this is a true crisis. This crisis threatens the very sovereignty of our country.

The interest on our debt is going to collapse this country.

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

For people worried about the Great Recession and the uncertainty of what is coming next, the characters of 'Mad Men' are good company.

The path we're on has taken the USA to the brink of bankruptcy.

The economic crisis has weakened the EU for years.

Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.

This nation is on a course where if we don't do something about it, get federal situation, the fiscal policy [under control], we're Greece. We're a banana republic. Our status as a nation is threatened by what we’ve got coming at us in the area of deficit and debt. And it’s only a few more years, at the most, that we have to work with here before the market says, ‘Sorry, your currency is something we can not continue to defend.’

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.

I think when the bottom started to drop out, we didn't recognize it.

Greece is an extreme case: a country where both the level of spending and the level of taxation were unsustainable!

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.

You know, every family and every business in California knows what it means to go through tough times.

Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.

I was born in 1928 and by 1931 the Depression was beginning to mount.

What we know about the global financial crisis is that we don't know very much.

In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

A disordered currency is one of the greatest political evils.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.