Porter Stansberry Quotes

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.

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

The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.

Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.

I don't see why anybody's playing chicken with the debt ceiling.

The debt ceiling is not something to toy with.

The interest on our debt is going to collapse this country.

Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.

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

On any measure, Spain's bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country's credit rating has been downgraded three notches.

Our nation suffers when Congress fails to pay America's bills on time.

From my point of view it's impossible to cut debt in a country with new debt from another country.

The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.

We're facing a natural disaster in the middle of an economic disaster. The federal government has to balance its budget the way our families do.

The reality for us in America is that we will never get out of debt with more than 15 million people out of work.

There was no avoiding the fact that we were going to hit our debt ceiling.

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.

I do not want America to default on its debt.

Our national finances are in a ruinous state.

The Greeks do not have the option of borrowing because nobody will lend to them.

If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.

Not raising the debt ceiling is not an automatic trigger for a default.

We have to deal with the nation's debt.

It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.