We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.
The budget for nuclear forces in the United States is on the order of $25 billion or so. That includes warheads, delivery systems, command and control; does not include environmental clean-up, which is another maybe $10 billion or so. So that's about 5% of the U.S. military budget.
When we look at the budget, the budget is bad to a large extent because we have people that have no idea as to what to do and how to buy.
This is the first time a newly inaugurated president has had any impact on a current budget." What that means is that normally when a president's inaugurated in January, the budget for the first calendar year of his term or the first nine months is already done. So from January 21st all the way 'til October when the new budget's done, the president has to deal with the previous Congress' budget and has nothing to say about it. What they're saying is that Donald Trump has had a record-breaking, never-before-seen thing by having an impact on the budget in his first year.
I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.
In the budget, the president will call for a five-year freeze on discretionary spending other than for national security. This will reduce the deficit by more than $400 billion over the next decade and bring this category of spending to the lowest share of our economy since Dwight Eisenhower was president.
It looks like President Donald Trump is caving on his demand for a measly $1 billion in the budget for his wall on the border with Mexico. The Democrats are threatening a government shutdown. It's the same old same old, and I was hoping that Trump would throw this shutdown thing right back in their face. If they get away with it once, they're just going to keep using it.
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.
How is it possible that a process can be democratic when it comes by way of money? If there is money then it can be elected a senator, it can be elected a representative. Do you know how much it cost to be elected president of the United States? The amount has reached, billions of dollars, 2 billion, 3 billion, 4 billion dollars, that's how much a presidential campaign costs. How much does a senatorial campaign cost? It costs 80 to 90 million dollars; or the campaign of a representative, 40 to 50 million. Is that really a democracy?
What's funny about that office is it's entirely dependent on how close you are to the president, because the president decides what your role will be. If you get on with the president, that's great; if you fall out with the president, power can go away.
A Congressional Budget Office study estimated that gulf energy infrastructure repair costs will be between $18 billion and $31 billion, just from the damages the hurricane created.
What is a quote? A quote (cognate with quota) is a cut, a section, a slice of someone's orange. You suck the slice, toss the rind, skate away.
I never said it. Honest. Oh, I said there are maybe 100 billion galaxies and 10 billion trillion stars. It's hard to talk about the Cosmos without using big numbers. I said "billion" many times on the Cosmos television series, which was seen by a great many people. But I never said "billions and billions." For one thing, it's too imprecise. How many billions are "billions and billions"? A few billion? Twenty billion? A hundred billion? "Billions and billions" is pretty vague. When we reconfigured and updated the series, I checked-and sure enough, I never said it.
When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds.
The collective shortfall of the 3.08 billion people (47 percent of world population) who, in 2005, lived below $2.50 per day was $507 billion per annum, which indeed comes to about two-thirds of the present US military budget. This gives us a rough sense of how much the eradication of poverty would cost.
President Clinton will, I think, lift everyone's spirit. He was a good president, an economic, balanced budget president. And President Obama, I believe, has been a very good president, too, and we will get reelected. You watch.