A Quote by Elaine Chao
America needs a new approach to boost the economy - one that does not doom future generations to being saddled with paying off today's federal deficits.
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Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president's budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years - a down payment toward tackling our challenges in the long term.
President Obama has been a disaster for America. He's wrecked our economy, saddled our children with more debt than America managed to rack up in 225 years, and gone around the world apologizing for our country - as if the greatest nation in the world needs to apologize for being a land of opportunity and freedom, which we were before Obama became president.
Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
We must convince each generation that they are but transient passengers on this planet earth. It does not belong to them. They are not free to doom generations yet unborn. They are not at liberty to erase humanity's past nor dim its future.
Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.
Considering that future generations will be far better off than current generations even after accounting for climate change, it would be more equitable for today's industrialized world to help solve the real problems facing today's poorer developing world than to mitigate climate change now to help reduce the burden on future populations that would not only be wealthier but also technologically superior.
We have reached a moment in our history where we think that every problem in America has to have a federal government solution. Every problem in America does not have a federal government solution. In fact, most problems in America do not have a federal government solution and many of them are created by the federal government to begin with.
Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge.
America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of the viable America, the America that is connected to its own economy, where there is a plausible future for the people born into it.
While governments are not off the hook, the charity world needs to innovate and find new ways to attract outside investment to boost our social productivity.
We cannot interfere in one area of the ecosystem without paying due attention to both the consequences of such interference in other areas and to the well-being of future generations.
America is now a socialist economy. The definition of a socialist economy is when 50% or more of your economy is dependent on the federal government.
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
Zion and communities like it have been unfairly saddled with storing our nation's stranded nuclear waste... with no compensation in return. The federal government needs to make right by these communities.
What does our generation owe to generations yet unborn? ...there is an order in the universe which must be respected, and... the human person, endowed with the capability of choosing freely, has a grave responsibility to preserve this order for the well-being of future generations.
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