Fiscal Instability Quotes

The single biggest threat to our national security is our debt.

The interest on our debt is going to collapse this country.

At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

Fiscal crises often turn into financial crises, dealing a blow to the real economy.

Greece is in the grip of politicians who are amazing unwilling to serve anyone but themselves … Greece is importantly strategically, so the United States is supplying funds to the Greek government, in order to prevent its collapse tomorrow.

Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.

There is simply no way to sustain an economy based on consumer credit.

We are at crisis point. I think anybody that sees this nation as being on stable economic or fiscal ground is fooling themselves.

Pointing out that overspending on public-employee benefits leads to fiscal instability does not mean that public employees are bad people or that they deserve to fall on hard times; it's just observing a simple truth.

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.

There are economic risks if we leave, economic risks if we remain.

Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.

As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.

The vicious cycle that is bringing down European states is not going to hit us [the USA], at least not for a while, at the level of the federal government. The same cannot be said of state and local governments.

So you get kind of addicted to a revenue stream, and then all of a sudden it goes away, now the problem is worse than it was before.