A Quote by Mitch McConnell

We have a debt the size of our economy, which makes us look a lot like Greece. — © Mitch McConnell
We have a debt the size of our economy, which makes us look a lot like Greece.
Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.
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.
It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to Greece because they don't pursue the debt reduction route. They're actually extending more debt, more loans to Greece.
We want an economy that grows health and wellbeing, not debt and carbon emissions. An economy that prepares and protects us from shocks to come, rather than making them worse. An economy that shares resources to meet all our needs, regardless of background. An economy that lets us live.
Our economy has become completely different, on the whole. The size has changed. The economy has almost doubled in size. And the quality is changing, not as fast as we would like it to, but the structure is changing. Our Armed Forces are completely different today from what they were, say 15 years ago or so. All of this, including our great history, great culture, all of this, not just what we see today, is what makes the vast majority of Russia's citizens feel proud for their country.
I think the body image thing, everybody can identify with that. In our culture there's just so much pressure and so much attention placed on the way we look. You just turn on the TV or flip open a magazine and there's people who don't look like any of us. I think this movie is like, finally, a celebration of reality and of our imperfections. We're not all a size 2 and we're not all a size 0, and you know what? That's OK, because some of us like to eat!
Death is not the enemy of life, but its friend, for it is the knowledge that our years are limited which makes them so precious. It is the truth that time is but lent to us which makes us, at our best, look upon our years as a trust handed into our temporary keeping.
You can't entirely compare between the United States and Greece for a range of reasons, not just because of the size of the economy.
I place economy among the first and most important virtues and public debt as the greatest dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
We saw in Greece how dangerous it is if a country has a bigger and bigger debt, and I hope that we will not have a second Greece in our neighbouring country, Italy.
When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to be a time at which point debt has to be taken care of.
The PUP came into office in 1998 when the public debt of Belize was over $600 million and the economy was at a standstill. When we left office in 2008, ten years later, the debt was higher, but a lot was accomplished: the economy was transformed and the social and physical infrastructure of the country significantly upgraded.
We feel led to caution . . . against forming the bad habit of incurring debt and taking upon themselves obligations which frequently burden them heavier than they can bear, and lead to the loss of their homes and other possessions. We know it is the fashion of the age to use credit to the utmost limit. . . . We, therefore, repeat our counsel . . . to shun debt. Be content with moderate gains, and be not misled by illusory hopes of acquiring wealth. . . . Let our children also be taught habits of economy, and not to indulge in tastes which they cannot gratify without running into debt.
There is not a lot known about the informal economy, and yet it makes over 60% of the global economy. And these black markets are all around us. It's important for us to know that and to understand how they operate if we really want to stop them.
A look at the past reminds us of how great is the distance, and how short, over which we have come. The past makes us ask what we have done with us. It makes us ask whether our very achievements are not ironical counterpoint and contrast to our fundamental failures.
We've got a lot of work to do: not only on education, but on the economy, on our tax code, and on reducing our crushing debt.
This site uses cookies to ensure you get the best experience. More info...
Got it!