A Quote by Barack Obama
As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.
Related Quotes
We have to have an aggressive, long-term plan to tackle our nation’s debt, but attempting to balance the budget on the backs of veterans who have risked life and limb in service of our country is unacceptable. I believe we can and should work together to find reasonable and common-sense cuts that will reduce our debt, but as a generation of warriors returns from two wars, our most solemn responsibility is to make sure they have the care and benefits they have earned.
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
My hope is that we can get a Republican-Democratic agreement on how we strengthen Social Security as well as looking at some of these other major expenditures that we have that we've got to deal with to make sure that we're not just leaving you guys with a mountain of debt.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it.
My hope is that we're going to be more strategic and focused as we look for a way to address the long-term deficit and debt issues that are affecting this nation.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it. We apply these skills in business, yet when it comes to ourselves, we rarely apply them.
No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure.
In the same way we have a long-term plan for building roads, we have to have a long term plan to build transit.
All the central banks are doing is substituting one form of debt with another form of debt. They're issuing short term debt and using it to buy long term debt. In finance, we tend to think that's a neutral activity, even though those stimulus programs are huge.
The thing we need to work on as a country is our educational system. To me, that is something that our generation needs to be focused on. To make sure that for our next generation, every child - no matter what background, no matter what ethnicity, no matter whether they're whatever gender - that they are all educated to have real equal opportunity. That's number one for me. But I have no question that if it's not our generation that will make sure that that happens that it will be our children's generation.
We've come a long way, but we've still got a long way to go, so we need to give our time to promote the game and be role models - to make the next generation see us and want to become us.
The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
Angela Merkel has been focused on the right things. She has focused on the interests of her citizens - and not just in a narrow, short-term way, but in a very thoughtful - Let's make the world a better place for future generations as well - kind of way. Whether it's about climate or migration, she's not afraid to look at the longer-term trendlines and say, OK, we need position ourselves here, even if it doesn't seem obvious - this is the direction we need to go in. People respect that in Merkel, that a politician has a vision for the long term.
I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.
In point of fact, 'Simpson-Bowles' has become a symbol, or SimBowl, rather than an actual plan, political shorthand for the process of long-term deficit reduction.
Related Authors
Abraham Lincoln Quotes
American
President
Donald Trump Quotes
American
President
Dwight D. Eisenhower Quotes
American
President
Franklin D. Roosevelt Quotes
American
President
George W. Bush Quotes
American
President
George Washington Quotes
American
President
James Madison Quotes
American
President
Joe Biden Quotes
American
President
John F. Kennedy Quotes
American
President
Mike Pence Quotes
American
President
Ronald Reagan Quotes
American
President
Theodore Roosevelt Quotes
American
President
Thomas Jefferson Quotes
American
President
Vladimir Putin Quotes
Russian
President
William J. Clinton Quotes
American
President
Woodrow Wilson Quotes
American
President