Barack Obama Quotes

We can't continue to kick the can when it comes to the fiscal state of this country.

The single biggest threat to our national security is our debt.

Our national debt poses a threat to all Americans and is particularly troublesome both for well-established businesses and for those seeking to enter into the marketplace.

Deficits and debt threaten the growing American economy and our national security over the long term.

The US Debt is the single biggest threat I see to innovation in American business.

America is the brokest country in history. We owe more money than anyone has ever owed anyone. And Obama and Reid say relax, that's no reason not to spend more - because the world hasn't yet concluded we have no intention of paying it back. When they do, the dollar will collapse.

The biggest problem confronting the country is our excessive spending. If we're not going to deal with it now, when are we going to deal with it? And we've watched the government explode over the last four years. We've dealt with the revenue issue.

We have a debt the size of our economy, which makes us look a lot like Greece.

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

The American people know that our economy is struggling right now, partly because of the debt that is impacting American families, hardworking taxpayers all across this country.

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.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

I know that my Republican colleagues are as ashamed as I am that the United States is forced to borrow over $1 trillion from foreign nations to pay for our national priorities like reconstruction of the gulf coast and the war in Iraq.

The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely.

I really truly worry that the debt is one of the single biggest threat to the United States of America, that we're talking about a problem that is multi-trillion in its depth and I think we ought to be cutting more.

Obviously, there has to be a profound change in direction. Otherwise, interest on the national debt will start eating up virtually every penny that we have.

When you're the president of the United States and you know that the biggest issue facing you is this cliff that we're about ready to head over if we don't get this spending and debt situation under control, it's very irresponsible not to take the action that is necessary to fix the problem.

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.

I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.

If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'

The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.

When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren't going to keep on giving us cheap rates.

I do not want America to default on its debt.

I certainly don't want our nation to go into default, but at the same time, I'm very concerned about our ongoing debt problem.

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.