I think that France has not made it clear enough recently to our German friends how important it is to introduce euro bonds as a tool against speculation. And how the necessary budget discipline needs to be accompanied by growth.
Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.
Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.
Some states like Nebraska have thus far responsibly managed their budgets, even in tough times, and I could not ask Nebraskans to pay for poor governance elsewhere.
For too long, the Democratic majority in Washington has failed to see the value in the sound model of working hard and living within your means.
The best way for the Government to maintain its credit is to pay as it goes—not by resorting to loans, but by keeping out of debt.
The budget caps were busted, mightily so. And we are reviewing with people like Judd Gregg from New Hampshire and others some budgetary reform measures that will reinstate - you know, possibly reinstate budgetary discipline. But the caps no longer - the caps, I guess they're there. But they didn't mean much.
Making your bed every morning is correlated with better productivity, a greater sense of well-being, and stronger skills at sticking with a budget.
Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline.
It is inexcusable for the White House and Congress to not even make the effort to find at least some offsets to this new spending, ... No one in America believes the federal government is operating at peak efficiency and can't tighten its belt.
The Germans argue - and I can fully understand them - that the euro countries must surrender their sovereignty, because that is the only way to implement budget discipline in a fiscal union.
More generally, I strongly believe in the importance of fiscal responsibility.
