A Quote by Nancy Pelosi

The fact is that a lot of the spending increases came during the Bush administration. Two unpaid for wars we got ourselves engaged in. A prescription drug plan that added enormous amounts to our spending, and the tax cuts at the high end that did not create jobs and create revenue coming.

Nancy Pelosi

Quote Topics

Added Administration Bush Bush Administration Came Coming Create Cuts Did Drug End Engaged Enormous Fact Got High Increases Jobs Lot Our Ourselves Plan Prescription Revenue Spending Tax Tax Cuts Two Unpaid Wars

Quote Author

Nancy Pelosi
American - Politician
Born: March 26, 1940

To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.

Sarah Palin

Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

Arthur Laffer

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

Alan Greenspan

You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'

Harold Ford, Jr.

President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.

William J. Clinton

Business people do two things with their time fundamentally. The first is that they try to create sales, right? Revenue, key to business. But the other thing they devote their time to equally is cost containment. That is to say, how to not create jobs. Because the fewer jobs you can create for the revenue you create, the more profit you make.

Nick Hanauer

Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.

Grover Norquist

And I have to tell you as a grandmother, I worry about the fact that my grandchildren are going to be paying for all the spending, including military spending, that has gone on and the tax cuts that have come through.

Geraldine Ferraro

Whenever people in Washington complain about spending cuts, they mean spending cuts that would affect defense contractors. They want to massively increase spending cuts everywhere else in the budget.

Cenk Uygur

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.

Ron Paul

The American people elected us here to cut spending so we can create an environment for jobs in America. The House has acted. We have demonstrated that we want to see spending, discretionary spending, brought down to levels of 2008. We've seen no counteraction. We have seen no position that has been expressed by the other side at all.

Eric Cantor

If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment.

Theresa May

In Congress, while the House's proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can't equate spending on veterans with spending on defense.

Jennifer Granholm

In Congress, while the House’s proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can’t equate spending on veterans with spending on defense.

Jennifer Granholm

I support tax revenue increases, including the top 2 percent, but only if accompanied by responsible spending limits. The key is balance.