Nan Hayworth Quotes

Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government's failure to prevent this disaster.

Having said that, I believe we must not compound the natural disaster of Katrina by creating a fiscal disaster in Congress - it is our duty to ensure that we reign in other government spending in any event, and especially in this time of national emergency.

How much would you pay to avoid a second Depression?

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

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

If we continue to allow the federal government to live beyond its means, we will all soon have to live beneath ours.

Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn't understand that is fooling themselves.

Some doomsayers think the collapse will be triggered by runaway government spending, excessive taxation, oppressive regulation, food shortages, fuel shortages or natural disasters such as deadly pandemics or lethal changes in the world's climate.

I don't want the federal government to rush in and bail the out right away.

Just as the financial crisis has created toxic assets and 'zombie' financial institutions, so has it transformed conservatism into a movement of the living dead.

Few things trigger fear and misconception more than economic tribulation, and nothing prompts elected officials to react with more simplistic populism.

When you look what is happening in this country with the debt, the deficit, the CBO coming out and saying once again we're going to have a trillion dollar plus deficit in 2012, the fourth straight year, and unemployment may be going back up to 8.9 or maybe nine percent by the end of the year, these are serious situations that are going.

Our national finances are in a ruinous state.

Can there be a more lamentable picture than that of a Chancellor of the Exchequer seated on an empty chest by a pool of bottomless deficiency fishing for a budget?

It is impossible, financially and politically, to lower expenditure to the level of our revenues in the calamitous times in which we live, and so, however painful and afflicting the idea may be, we must exist from day to day and simply await the outcome of events yet in the making …

When you're dealing with a bankrupt sovereign - like the U.S. government - you're dealing with a very powerful wounded bear. You have to be very careful because you can't know what the beast is going to do.

Aggressive government spending during the Great Recession was absolutely necessary.

Fiscal crises often turn into financial crises, dealing a blow to the real economy.

A nickel ain't worth a dime anymore.

I think the recovery hasn't been stronger because the hole that was dug for President Obama by the Bush administration was far worse than anybody could imagine, first of all.

We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.