A Quote by Barack Obama

Sometimes if your only approach is cutting spending at a time when the economy's contracting, then the economy will contract further. — © Barack Obama
Sometimes if your only approach is cutting spending at a time when the economy's contracting, then the economy will contract further.
When you take away the subsistence economy, then your farm population is seriously exposed to the vagaries of the larger economy. As it used to be, the subsistence economy carried people through the hard times, and what you might call the housewife's economy of cream and eggs often held these farms and their families together.
Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.
By restraining spending and by cutting the deficit, Republican policies are helping to keep our economy strong.
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
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.
We should reduce total government spending as a percentage of the economy. The left wants to focus on the deficit so they can take us away from the focus on spending as a percentage of the economy.
In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
Without God the economy is only economy, nature is nothing more than a deposit of material, the family only a contract, life nothing more than a laboratory product, love only chemistry, and development nothing more than a form of growth.
The value of small business contracting is indisputable. These firms bring healthy competition to the federal market to drive down prices. They are our nation's innovators and job creators, and securing a federal contract helps them grow and offers more benefit to the economy.
Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
As long as we're focused on spending, there are only two ways to do that: One is spend less, and Democrats have no solutions for that. Or we have pro-growth policies that make the economy grow so the dead-weight cost of government becomes a smaller percentage of the economy and therefore less expensive.
Forget the economy. Just rewire your mentality. Then you'll create your own economy.
If Japanese companies don't reform drastically and implement English as their daily business language, the economy will only continue to contract.
I personally don't believe we ought to be raising taxes or cutting spending, either one, until we get this economy off the ground. I'll pay more, but it won't solve the problem.
Fear causes individuals to restrain their spending and firms to withhold investments; as a result, the economy weakens, confirming their fear and leading them to restrain spending further. The downturn deepens, and a vicious circle of despair takes hold.
If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then the change in debt each year should contribute a minor amount to demand. Therefore, if you tried to correlate debt to the level of unemployment you would not find much of a correlation. Unfortunately that is not the economy we live in.
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