Economic Legacy Quotes

I refuse to leave our children with a debt that they cannot repay.

When Gordon Brown becomes prime minister, the balance sheet that reflects his economic stewardship could look very sickly indeed. He could become Labour's biggest liability, not its most marketable asset.

Nobody would deny that if someone was a billionaire in 1962, his billions are going to affect all of his descendants. The reverse is also true. The lack of education, material, and finances for a slave are going to affect the descendants of that individual as well.

The loony legacy of money was that the arithmetic by which things were measured had become more valuable than the things themselves.

I'm ashamed of what has happened to Canada. And I'm not leaving a $1.5 trillion deficit to my kids. No chance in hell is that happening.

You know, it was once said of the first George Bush that he was born on third base and thought he'd hit a triple. Well, with the 22 million new jobs and the budget surplus Bill Clinton left behind, George W. Bush came into office on third base, and then he stole second.

Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt.

What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion's share of it by simply adding it to the national debt.

A concerted effort to preserve our heritage is a vital link to our cultural, educational, aesthetic, inspirational, and economic legacies - all of the things that quite literally make us who we are.

I inherited a sick economy and passed on a sound one. But one abiding regret for me is that, in between, I did not have the resources to put in place the educational and social changes about which I cared to much; I made only a beginning, and it was not enough.

For one thing, one of the wonderful things that we now have is instead of the huge budget surpluses that President Clinton left us with, we now have these huge deficits that we're going to be facing into the future.

What's just about a generation of people who rack up government debt for their own health care and retirement - while leaving their children and grandchildren to foot the bill?

What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists.

And I have to tell you as a grandmother, I worry about the fact that my grandchildren are going to be paying for all the spending, including military spending, that has gone on and the tax cuts that have come through.

I fear that the rising personal bankruptcies and repossessions are the first signs of bigger problems to come and personal debt - Gordon Brown's legacy to millions of Britain's families - will hang like a millstone around the neck of the British people for years to come.

Though there are many differences between Barack Obama and Jimmy Carter, they are strikingly similar in their poor economic records and even more so in their shared pessimism and bearishness on America.

First and foremost, it's important to remember that, from my perspective at least, my most important legacy was making sure that the world didn't go into a Great Depression.

And those are the Rich, who transmit what they have to their Posterity; whereby particular Families become rich; and of such are compounded Cities, Countries, Nations, etc.

My father's generation gave to my generation a land of wealth and purpose and world economic dominance.

Stable liberal democracy requires more than just a shift in political forms; it also involves eliminating the antidemocratic social, cultural, and economic legacies of the old regime. Such a process takes lots of time and effort, over multiple tries. Historically, most initial transitions have been the beginning of a democratization process, not the end of it—something that the tortured histories of today’s mature liberal democracies make clear.

The question for every Olympics is whether the giant investment will pay off in the future.

The capital amassed in the eighteenth and nineteenth centuries through various forms of slave economy is still in circulation, said De Jong, still bearing interest, increasing many times over and continually burgeoning anew.