Fiscal Consequences Quotes

Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.

Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.

The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.

Governments can inflate their way out of debt, but that has consequences, doesn't it?

There's no federal government agency that ought to be immune from having to explain the potential financial impact of an action they've taken or intend to take. We deserve the specifics.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

The [monetary] values affected by [administrative] decisions [of government agencies] probably exceed every year many times the dollar value of all money judgments rendered by the federal courts.

I'm a true reactionary. Like all patricians, I'd like to restore the original republic, which we lost 40 years ago when Harry Truman imposed the national security state on us, which has kept us at war, hot or cold, for almost half a century, and it's got us $4 trillion into debt.

I thought food and drink were just part of the perks of living at the White House. The next day, I got a call from his secretary saying my dad wanted to see me in the Oval Office, and when I got there, dad was waving this little pink receipt. I didn't know it came out of his salary.

The promises of yesterday are the taxes of today.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

Lawmakers need to be held accountable and should feel the impact of a government shutdown just like many other Americans will.

Every time Washington regulators pass down another heavy-handed rule or levy another hefty fine, Colorado loses potential jobs, revenue, and economic security.