The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.
Russia is really a sort of a nonentity when it comes to - the economy is the size of the state of New York. Their military budget is 5 percent of the U.S. military budget. We shouldn't even be thinking about Russia other than the fact that they're sort of putting their nose into every bit of terrible activity all over the world.
The total economy of Latin America is bigger than China.
We have no choice but to make our local government fit the size of our local economy. We must all bear our share of the pain.
Announcing a 5% pay cut for himself and other top city administrators:
America is the most powerful economy in the world. We're an $18-trillion-dollar economy.
Even a China growing at 7% or indeed less is still adding to the world economy an economy equivalent to the UK or more.
Subsidising inefficient businesses does not encourage them to become more competitive and means that extra money has to be taken from tax payers for the same result. Inevitably, this reduces the total size of the economy and lowers living standards.
Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.
If you put all the European countries together, we are the biggest economy in the world.
If you look at the creative economy in this country, it's per capita way bigger than any other in the world.
The Nigerian economy is a huge one.
The Russian economy is about the size of the Italian economy; it's very small, and Russia's military force is larger than it was, because Putin's been investing in it, but it still doesn't compare to that of the United States, and his reach and aim still don't compare.
America is stronger than Russia. Our economy is 16 times larger than the Russian economy.