Herbert Hoover Quotes

When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.

The greatest threat to our national security is our debt. We borrow a million dollars a minute.

We have, during his regime, during President Obama's regime, we've doubled our national debt. We're up to $20 trillion.

Imagine bringing Canada into a trillion-and-a-half of deficit. That's insane.

Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.

I want to share with the American people that President Bush and the Republican majority in just 4 years have borrowed $1.05 trillion from foreign nations. That is selling our country to other nations because of the spending that is going on.

Federal spending is atrocious.

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.

For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of $423 billion is projected to be the largest of all.

We've got to start worrying about America. And if we don't start dealing with the debt we have and the deficit spending we have in Washington, politics doesn't matter, because the American people do realize that they have to balance their budgets.

As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.

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

Gerald Ford's economics is the worst thing that's happened to this country since pantyhose ruined finger-fucking.

This matter of prices was frequently made a subject for jesting in private, but for the most part it was carefully avoided in the newspapers. It was too ominous of evil to be a fit topic of editorial discussion on ordinary occasions. As with the accounts of battles in which our arms were not successful, necessary references to the condition of the finances were crowded into a corner, as far out of sight as possible.

When the economy gets wobbly, people pay attention to the leadership failures.

Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt.

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.

The president has borrowed more money to spend to less effect than anybody on the planet.

When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it.

It took the first 204 years of our Nation's history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.

A government decision that slashes spending at the wrong time and sends a weak economy into a tailspin can be just as undisciplined as one that unleashes a wasteful spending spree in an overheated environment.

The debt they ran up in the first year of the Obama administration is bigger than the last four years of the Bush combined.

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

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.