Kevin McCarthy Quotes

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

Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.

The government is determined to continue the process of fiscal consolidation and structural reform in order to secure sound public finances and improve the country's international competitiveness.

I will work to restore fiscal responsibility to our country's budget and to provide for a more robust economy.

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.

Well, I think the president has clearly submitted us a tight budget, but it's what's called for if we're going to get spending under control and keep the economy moving in the right direction, with economic growth and job creation activity.

Fiscal discipline can turn the economy around.

Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.

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

Gradual fiscal consolidation may also be stimulative in the short run.

Well, I think what we need to remember is that budget deficits can impede economic activity.

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.

In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

In the medium and long term. Spain is solvent and able to pay its high debts. In the short-term, we have the capacity to meet our obligations.

I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth.

We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy.

People do not understand what a great revenue economy is.

We cannot cut our way to prosperity.

There is only so much pain voters will tolerate. And there is insufficient reason to believe that today’s austerity will bring tomorrow’s prosperity.

It certainly would be helpful going forward for deficit reduction efforts to focus on the medium term while not subtracting from the impetus we need to keep a fragile economy moving forward.

Look at what happened in the 1990s: when they balanced the federal budget, it was through growth in the economy and controlling spending.

I think the government lost control over fiscal policy in UPA-2. But it is possible to suggest that the momentum of the populism of UPA-1 did the damage when the economy slowed down, but government spending could not.