A Quote by Jose Manuel Barroso

Growth based on debt is unsustainable, artificial. — © Jose Manuel Barroso
Growth based on debt is unsustainable, artificial.
We have to remember, lefts are the people who created unsustainable national debt, unsustainable health insurance, health care, unsustainable college tuition and debt, unsustainable social welfare programs. Everything the left creates is unsustainable, it can't go on. Everything they create will eventually implode because it can't work as they designed it. Nothing they do is sustainable. That's the great irony. But they claim to know how to sustain life as we know it.
Economic growth tends to require the taking of resources from the Earth. So something has to change on a debt-based economy.
The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow - now.
Artificial manures lead inevitably to artificial nutrition, artificial food, artificial animals and finally to artificial men and women.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Economic growth without investment in human development is unsustainable - and unethical.
Simply put, unsustainable debt is helping to keep too many poor countries and poor people in poverty.
A world in which government is burdened by historic debt, philanthropy has limited resources, and the private sector is only interested in its own personal gain is simply unsustainable.
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
The gains made by better management and technology are still being outpaced by the environmental impacts of population and economic growth. We are on an unsustainable course.
Without growth we can't pay down our debt, and without growth there's no money for welfare.
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
The world that you and I live in is increasingly challenged. Population growth, pollution, over-consumption, unsustainable patterns, social conflict, climate change, loss of nature... these are not good stories.
The US economy today is in really bad shape. Our economic growth is minimal, our regulatory burden is horrific, taxes are high, businessmen are not investing in growth, and consumers and government are loaded up with debt.
When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.
We have a government that borrows $4 billion a day. We have a government that owes trillions of dollars in debt, half of that to foreigners, most of that to Chinese investors. I don't - that is extreme. Not only is it extreme. It's insane and it's unsustainable.
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