National Deficit Quotes

I have served in the Congress during two wars and I have seen the impacts on our military, on their families and on our national deficit.

A public debt is a public curse.

There are 100 Billion starts in the galaxy. That used to be an astronomical number. It's less than the national deficit. Now we should calm them economical numbers.

First, the year 2004, the year past, the Comptroller General of the United States, David A. Walker, said that arguably it was the worst year in American fiscal history, clearly setting our Nation on an unsustainable path.

Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.

Our nation's debt has to be a concern for us all. It is not sustainable long-term.

There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.

America has tremendous problems. We're a debtor nation. We're a serious debtor nation. And we have a country that needs new roads, new tunnels, new bridges, new airports, new schools, new hospitals.

If President Obama is re-elected, he will continue to spend more money than we take in and to expand a debt that's already on the verge of being unsalvageable. That's a future that should frighten every American, no matter what their generation.

At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams.

The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.

Meanwhile, the U.S. debt remains, as it has been since 1790, a war debt; the United States continues to spend more on its military than do all other nations on earth put together, and military expenditures are not only the basis of the government's industrial policy; they also take up such a huge proportion of the budget that by many estimations, were it not for them, the United States would not run a deficit at all.

There are respectable individuals, who from a just aversion to an accumulation of Public debt, are unwilling to concede to it any kind of utility, who can discern no good to alleviate the ill with which they suppose it pregnant; who cannot be persuaded that it ought in any sense to be viewed as an increase of capital lest it should be inferred, that the more debt the more capital, the greater the burthens the greater the blessings of the community.

I think if we give Glenn Beck the numbers, he can solve this [the national debt].

When President Bush left office, the deficit was approximately $500 billion. It is now approximately now $1.5 trillion. In other words, President Obama has essentially tripled the deficit.

Mike Pence did ask this question about debt and the debt explosion on the [Donald] Trump plan is much, much bigger than anything on the [Hillary] Clinton side.

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.

It seems to me that instead of cutting taxes, we ought to be increasing the taxes to pay off the deficit, rather than let that thing build up to the point where our grandchildren's grandchildren are going to be paying for our period of time and our years at the helm.

We must not let our rulers load us with perpetual debt.

I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It's a form of taxation without representation. I don't think we can do that.

The national deficit is not rising.