Wilbur Ross Quotes

There is a belief, at least on the part of the American people, that they can borrow money forever without consequence.

We need to resist the temptation to create more entitlements and more entitlements, which is one of the reasons we are heading recklessly toward fiscal crisis.

The state is out of control, the state is on a spending binge, the state has to stop putting itself in a hole that's getting deeper and deeper and deeper.

When your outgo exceeds your income, the upshot may be your downfall.

We are spending a little more than we are raising each year and you wonder how long it can go on. It is too easy for us to borrow.

People who wouldn’t think of raising taxes think there’s nothing wrong with mortgaging the future of their state

Credit is of pernicious consequence to that Nation, that uses or encourages it beyond Nature.

We can’t afford the promises we have already made much less pile more on top of them.

Massive Federal Budget Deficits are only the most conspicuous sign of a society that has promised itself more than it could afford.

If you lose control of your debt and deficit, you get massive cuts in things such as health and education. You get appalling insecurity, jobs lost, firms going overseas.

Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a government, is going to go broke and bankrupt. They are asking to be given the right to declare bankruptcy, which I think should be an option, as a last resort, if there is no other resource.

We are borrowing $40,000 per second.

Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as 'deficits as far as the eye can see.' But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?

Have you noticed the debt is exploding? And it's not all because of Medicare.

If we bankrupt America, we will all pay the price.

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.

We can't continue to kick the can when it comes to the fiscal state of this country.

Spending when the math's not there and the numbers aren't there and if they look in the social security trust fund, it's filled with IOUs because the government's been pilfering it for years on end. We have to do something. We have to start having this discussion.

We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions.

The deficit is the symptom, but spending is the disease.

There was no avoiding the fact that we were going to hit our debt ceiling.

I do not want America to default on its debt.

I certainly don't want our nation to go into default, but at the same time, I'm very concerned about our ongoing debt problem.

This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.