Ander Crenshaw Quotes

We used to think that we could spend our way out of a recession…. I tell you in all candor that that opinion no longer exists.

A government can't cut its way out of a recession any more than you can dig yourself out of a hole.

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.

The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls' office. They think if only you spend and borrow more money you can create growth everywhere.

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.

Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.

Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

As austerity measures were foisted upon Greece, Ireland, Portugal, and other highly indebted countries, growth was rendered even more elusive, aggravating unemployment

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.

The emphasis so far on fiscal austerity, while to a degree necessary for the countries facing market funding difficulties, is excessive when carried out across the board.

Let's be clear: raising taxes during a very slow recovery is likely to lead to another recession, and it will do absolutely nothing to balance the budget.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.

Surely, the best and most effective measure is to get the economy moving and shorten the period of recession or slowdown. That's the rationale for Gordon Brown's 'fiscal stimulus' and it sounds like a good one to me.

The only way to eliminate the deficit in the long run is through growth.

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

I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to raise the rate of growth. We've had a recovery from the financial crisis that would be well below what one might normally expect for a recovery from such a deep recession. And to counteract that we need better tax policy.

In all modesty, we must admit that governments are not always the best doctors when it comes to diagnosing economic ailments and prescribing the right treatment.

Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.

The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.