Fiscal Balance Quotes

I do not pretend to step out of my own sphere and to control the internal management of other departments, but it seems to me that as Secretary of the Treasury, I may ask, that, while peace continues, the aggregate of the expenditure of those departments be kept within bounds such as will preserve the equilibrium between the national revenue and expenditure without recurrence to loans.

In order to reduce the deficit, there has to be revenue in addition to cuts.

The debt limit does not affect the deficits or surpluses. The critical revenue and spending decisions are made through the congressional budget process.

If we had 3 percent growth, which is what we're trying to get to, what we're at, by the way, right now, we're trying to maintain that 3 percent growth. If we had been at 3 percent growth over the last ten years, the budget very nearly would be balanced in 2017. That's how big a difference it makes when you grow the American economy that additional 1 percent over ten years.

Government must continue to live within its means.

What I wanted to do was see if we couldn't balance the budget.

I look forward to working across the aisle in pursuit of our common goal to get Kansas' fiscal house in order.

Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.

Sound public finances are not the enemy of sustained growth - they are its precondition.

You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.

Japan's future prospects depend on ensuring fiscal sustainability over the long term.

The biggest source of getting the country to a balanced budget is not by raising taxes or by cutting spending. It's by encouraging the growth of the economy.

It is admitted on all sides that we must equalize the revenue and expenditures. The scheme of borrowing to make up an increasing deficit must, in the end, if continued, prove ruinous.

The truth is that as we move forward, if one side says we can't raise any taxes on anybody or any interest, and the other side says we can't cut anything, we're obviously not going to make progress on this. And our interest is in making progress on this.

The dual effect of high growth creating higher income that's taxed by government at all levels, combined with lessening demands placed on government that occurs during economic prosperity, is a worthy objective.

Of course we have to address the deficit if we win.

Tony Blair and Gordon Brown committed to John Major's spending envelopes in 1997. No-one said that Tony Blair and John Major were identical. This happens quite often that parties actually, despite all the sound and fury, agree on the overall need to make sure that we live within our means as a country.

You could make a case for job creation or education, police on the street, but none of those things can happen unless we got our financial house in order.

Governments that try to shoot for a surplus hardly ever reach it.

The nominal budget is a poor indicator of the impact of government outlays and revenues.

Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.

The question is not really about a shift to the economic cone where officers are writing about the balance of payments and the need for economic stabilization.

Everyone must be in the same competitive situation, including on the fiscal level.

How does one leave Social Security and Medicare untouched, grow defense by more than $50 billion, slash taxes, launch a $1 trillion infrastructure program - and not explode the deficit and national debt?

Fiscal policy should balance growth, equity, and sustainability concerns, including protecting society's most vulnerable.