Fiscal Crisis, Financial Crises Quotes

The single biggest threat to our national security is our debt.

Veterans are driven by the same frustrations that the public has with what is happening in Washington... the fiscal irresponsibility and the financial crisis that our country is facing.

Honest people can disagree on policy. But where there can be no honest disagreement is the need to change our nation's debt course.

We are opposed to swarms of Americans and other foreigners raising prices throughout Germany while millions of Germans are starving because of the increased prices. We are equally opposed to German profiteers and we are demanding that all be imprisoned.

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

The path we're on has taken the USA to the brink of bankruptcy.

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

But when I look at the fact that today is 1,000 days that we have not had a budget for the United States of America, you know, the House, one of the things we did, we passed a budget last year. But that is still sitting over there at the Senate. And so we have got to get this country back on track.

The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.

Greece's history in the drachma was an up-and-down history, a roller coaster.

When you look what is happening in this country with the debt, the deficit, the CBO coming out and saying once again we're going to have a trillion dollar plus deficit in 2012, the fourth straight year, and unemployment may be going back up to 8.9 or maybe nine percent by the end of the year, these are serious situations that are going.

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

We cannot allow the heavy weight of the debt to bring us to our knees..

Our national finances are in a ruinous state.

For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.

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.

Arizona faces many challenges ahead. None is more important or more pressing than passing a new state budget.

The deficit is potentially Ronald Reagan’s Vietnam.

In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren't worried about going bankrupt. They figure the central government will help them out.

Instead of more talk about salmon and high-speed rails, more criticism of the Supreme Court or more praise for the Soviet's Sputnik mission - President Obama should use his State of the Union Address to tell the American people the truth about the fundamental financial challenges our country faces.

Governors of both political parties face a stark choice between unpopular tax increases and drastic cuts in Medicaid, education, public safety and other essential services.

I must say to you that the state of the Union is not good.

We're all concerned about the budget. We're all concerned about what's happening financially in our country. There's no question about it. Congress is working day and night. In fact, every time I go home the lights are on at the top of the Capitol.

Financial crises are like fireworks: they illuminate the sky even as they go pop.

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.