A Quote by Michael Hudson

So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.

Michael Hudson

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Above Administration Afghanistan America And Off Around Around The World Bases Burden Bush Business Competitive Cost Cost Of Living Debt Doing Enterprise Escalating Financial Fiscal Foreign Free Free Enterprise Larger Living Maintaining Military Military Bases Monopolies National National Debt Obama Obama Administration Off Opposed Over Patron Policy Power Property Raised Rent Run Running Saint Sector Seeking Shifting Smith Stance Taken Tax Tax Burden Thereby Up War While World

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Michael Hudson
American - Professor
Born: 1939

I don't understand how the Republican party is the party with the reputation for fiscal conservatism and fiscal sanity, when they're the ones who run up the debt. It was Reagan who ran up the debt and now Bush is doing it again, and in between, Clinton and Bush's father, I must say, worked so hard to get that deficit and that debt down.

Bill Maher

I think there’s no question but what the tail end of the Bush administration, Bush-Cheney administration, that we took steps specifically geared to try and free up the financial sector.

Dick Cheney

I think there's no question but what the tail end of the Bush administration, Bush-Cheney administration, that we took steps specifically geared to try and free up the financial sector.

Dick Cheney

Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise.

Frank Chodorov

Who was it in Afghanistan who screwed up in Tora Bora and let bin Laden escape? It was the Bush Administration. Who leached all the resources, military and civil, from Afghanistan, creating the instability that we see there today in order to prepare for the misbegotten invasion of Iraq? It was the Bush administration. If there's a terrorist problem today, who is responsible now? Bush has not done the job.

Sidney Blumenthal

If you are able to settle, you'll be getting off rather easy. Debt settlement companies can sometimes get you off the hook for a large percentage of your debt - in many cases, up to 50% will be written off.

Jean Chatzky

Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible.

Dee Dee Myers

First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.

Sallie Krawcheck

In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

John Kenneth Galbraith

The debt they ran up in the first year of the Obama administration is bigger than the last four years of the Bush combined.

Mitch McConnell

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

Glenn Hubbard

Bob Gates has unusual standing in the debate about the Obama administration's foreign policy: He was defense secretary for both a hawkish President George W. Bush and a wary President Obama. He understood Bush's desire to project power and Obama's skepticism.

David Ignatius

I use a "Debt Dash" approach to paying off debt. I recommend people focus on paying off the debt with the lowest balance first. So if the primary has less debt you would focus on that.

Michelle Singletary

The Obama administration is fighting to block access to names of visitors to the White House, taking up the Bush administration argument that a president doesn't have to reveal who comes calling to influence policy decisions.

Bill Dedman

There were between 46 and 52 drone strikes under the [George W.] Bush administration. And now there are over 400 - that's not counting Afghanistan. So this has been tremendously increased under the [Barack] Obama administration.

Medea Benjamin

Meanwhile, the U.S. debt remains, as it has been since 1790, a war debt; the United States continues to spend more on its military than do all other nations on earth put together, and military expenditures are not only the basis of the government's industrial policy; they also take up such a huge proportion of the budget that by many estimations, were it not for them, the United States would not run a deficit at all.

David Graeber

A Quote by Michael Hudson

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