Helle Thorning-Schmidt Quotes
Without growth we can't pay down our debt, and without growth there's no money for welfare.
Thorning-Schmidt, Helle. Debate Remarks. Quoted in Olsen, Jan M. "Denmark's left-wing opposition wins election." The Associated Press, 15 Sept. 2011.
The Clinton budget was a very unusual one. He and Treasury Sectary Robert Rubin determined that the large deficit built up in the previous administrations and the high interest rate were competing with the private sector for investment capital. Therefore the budget raised taxes and took other steps to reduce the largest deficit then in American History. Virtually all of the Republicans saw disaster for the economy with this budget and even some of the fiscal conservatives from Clinton’s own party were opposed. The budget passed by a single vote in the House, and that started the largest economic growth period in American History. The economy became so strong that Clinton was able to produce a balanced budget, eliminate the Reagan deficit and produce more new jobs than any administration in American history. The prediction that the budget would cause the country to fail was, not only wrong, but the budget caused the nation to succeed, beyond what any thought possible. See {626772} for one of the warnings from his own party.
Helle Thorning-Schmidt is a Danish retired politician who served as the 26th Prime Minister of Denmark from 2011 to 2015, and Leader of the Social Democrats from 2005 to 2015. She is the first woman to hold each post. Following defeat in 2015, she announced that she would step down as both Danish Prime Minister and Social Democratic party leader. Ending her political career in April 2016, she was the chief executive of the NGO Save the Children until June 2019.