Joan Blades Quotes

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

Whether they run a record company or a grocery store, every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now, not next year.

People who wouldn’t think of raising taxes think there’s nothing wrong with mortgaging the future of their state

Credit is of pernicious consequence to that Nation, that uses or encourages it beyond Nature.

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

If you have 'too big to fail' for cities or for states, and they believe they'll be bailed out, they'll continue to make unwise decisions.

Borrowing 40 cents out of every dollar we spend for missiles or food stamps is unsustainable. And being indebted for generations to China and OPEC does not make American a stronger nation.

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

The top threat that gets very little focus from Washington these days is what Adm. Mike Mullen identified as the biggest threat to the U.S.: the American debt.

Amnesty will not help balance our budget ... In fact, a large-scale amnesty is likely to add trillions of dollars to the debt over time, accelerate Medicare's and Social Security's slide into insolvency and put enormous strain on our public-assistance programs.

Investors need to get rewarded for their investment, especially in unstable countries.

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.

He is blind indeed who does not see, in the signs of the times, a strong tendency to plunge the Union as deep in debt as are many of the States, and to subjugate the whole to the paper system.

By failing seriously to confront the most predicable economic crisis in our nation's history, the President's policies are committing us and our children to a diminished future.

What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.

We don't want to give a business that is not going to come through the troubled waters a loan that they can't pay back.

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

For years governments have been promising more than they can deliver, and delivering more than they can afford.

Finance, like time, devours its own children.

Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.

Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.

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

The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.

The privatization plan weakens Social Security and threatens our economic security by creating trillions of dollars in new debt.

Solving a problem created by debt... by creating more debt is a fool's errand.