Narendra Modi Quotes

Let us act with our eyes open. We are going to have a deficit next fiscal year and the year after that.

Fiscal prudence is very important.

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.

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

It's insane to try to balance the budget.

If you don't get spending under control, eventually you're going to have a big tax increase.

What's really important to me is that we have fiscally responsible balanced budgets.

But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

We'll set our approach to borrowing, to spending, to taxation, in a sensible way on a sensible timescale.

We are worried about the size of the deficit, which is why the president is pleased that the House and Senate have followed his lead in cutting the deficit in half over the next five years.

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.

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

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.

First of all, I don't like to speak about austerity. I'd prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies.

I'm not a detail guy. I depend on accountants and administrators to do my detail stuff for me, but I do know the overall picture and I know that if you put business people together in a room, not just politicians, they could shrink the deficit tremendously by good business tactics.

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

What is prudence in the conduct of every private family, can scarcely be folly in that of a great kingdom.

The first order of business is the elimination of the annual deficit.

As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.

Fiscal policy is a very important part of the tool kit for policy makers.

I believe that if we are able to, obviously we need to ensure that we have a robust budget that's balanced, but there's no way I would ever accept austerity.

More generally, I strongly believe in the importance of fiscal responsibility.

Today we care about budgets more than anything. Our American future hangs on the ability of government to cut budget.

You cannot have a society where you spend more than you earn. I mean, it's just fundamentally not viable in the long run.

Every family in America knows they have to do a budget. Every small business in America knows they have to do a budget. Every local government, every state, knows they have to do a budget.