George Osborne Quotes

Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt.

We have to deal with the nation's debt.

There is a lot of fiscal conservatives in the United States senate that didn't vote for that because we understand that national security spending is not the reason why we have a debt. Our debt is being driven by the way Social Security, Medicare, and Medicaid and, by the way, the interest on the debt is structured in the years to come.

The mortal enemies of Social Security and Medicare are those who, in contempt of the plain arithmetic, continue to mislead Americans that we should change nothing.

We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

You remember had this gigantic clock in the arena showing the size of the national debt. And Paul told America, if you elect Republicans, we can fix that. But, if Paul Ryan was being honest, he would've pointed to the debt clock and said, we built that.

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.

Mitt Romney and I know the difference between protecting a program, and raiding it. Ladies and gentlemen, our nation needs this debate. We want this debate. We will win this debate.

A national debt, if it is not excessive, will be to us a national blessing.

Social Security has not contributed to the deficit problem.

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.

The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.

It's not easy cutting welfare bills. It's not easy cutting the deficit.

Government spending clearly needs some adjusting. But a budget is a statement of our priorities, and balancing our spending on the backs of our nation's seniors is not the right approach.

When you talk about entitlement programs, it's not just about - it's not about cutting those programs. It is about saving those programs. Those programs are on a path of fiscal unsustainability.

We should stop having a conversation about cutting Social Security a little bit or a lot.

There are no uncontrollable outlays except for debt interest. Outlays are what they are due to legislation.

To deal with entitlements we must either raise taxes, cut benefits, or borrow inordinate amounts of money.

I always think a debt ceiling is a good tool to carry something.

Barack Obama and Hillary Clinton have left us with $19 trillion in debt.

I believe, as a matter of principle, that the debt is a problem that must be addressed sooner rather than later. I also know that fundamental changes are needed in the way Washington spends and taxes if we truly want a healthy economy. This must include changing our government's long-term fiscal path, which is unsustainable.

Both parties recognize the fundamental danger the country's debt poses to our nation's future, but President Obama's policies have not reflected that reality. By the end of his first term, his administration will have nearly doubled our public debt.

The need to change our country's fiscal trajectory, including reforming entitlement programs, is an unassailable reality that will define our time.

A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. It will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry.