A Quote by Peter Orszag

It is a foregone opportunity that we could have a trillion dollars more of income for the United States if we were producing at capacity rather than falling so far short of it.

Peter Orszag

Quote Topics

Capacity Could Dollars Falling Far Income More Opportunity Producing Rather Short States Than Trillion United United States Were

Quote Author

Peter Orszag
American - Economist
Born: December 16, 1968

The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.

Mark Shields

I wish we had the $4 trillion or $5 trillion. I wish it were spent right here in the United States, on our schools, hospitals, roads, airports, and everything else that are all falling apart.

Donald Trump

The world spends two trillion dollars a year on military, and of that two trillion the United States spends one trillion. We have a bigger military than the rest of the world put together. We have 150 foreign military bases.

Bill Ayers

The potential of Mexico, Canada and the United States is enormous. We have a combined population of half a billion people; peaceful trade-friendly borders that are the envy of the world; the prospect of energy independence is within reach and will change the geopolitical situation of United States; we do a trillion dollars in trade among the three countries; more than 18,000 American companies are involved in foreign direct investment in Mexico and Canada; an increasing number of Mexican companies are creating jobs in the United States.

Alan Bersin

It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.

Milton Friedman

70% of children born into poverty will never make it to the middle class. The uncomfortable truth is that there are now a number of other countries with as much or more opportunity than ours. In fact, more people in Canada go on to surpass the income of their parents than in the United States.

Marco Rubio

Year 2008 wiped out $19.2 trillion in US income... What if the money was spent on the Midwest of the United States?

Jack Ma

We've incentivized people in the past to maybe turn their vehicles over, you know sooner rather than later. And in the United States with the squeeze on discretionary income and credit that even as the economy comes back there's probably more of a chance than not that it'll be a slower recovery on auto sales.

Alan Mulally

Incapable of enjoying the moment, the male needs something to look forward to, and money provides him with an eternal, never-ending goal: Just think of what you could do with 80 trillion dollars -- invest it! And in three years time you'd have 300 trillion dollars!!!

Valerie Solanas

President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.

Rick Perry

In my opinion, we've spent $4 trillion trying to topple various people [on the Middle East] that frankly, if they were there and if we could've spent that $4 trillion in the United States to fix our roads, our bridges, and all of the other problems; our airports and all of the other problems we've had, we would've been a lot better off.

Donald Trump

Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela.

T. Boone Pickens

By using general consumption PPPs, the World Bank is, in effect, saying to the poor: "Sure, you cannot buy as much food as the dollar value we attribute to your income would buy in the United States. But then you can buy much more by way of services than you could buy with this PPP equivalent in the United States." But what consolation is this? The poor do not buy services - they are services, on their luckier days.

Thomas Pogge

The Savior desires to save us from our inadequacies as well as our sins. Inadequacy is not the same as being sinful - we have far more control over the choice to sin than we may have over our innate capacity. . . . A sense of falling short or falling down is not only natural but essential to the mortal experience. Still, after all we can do, the Atonement can fill that which is empty, straighten our bent parts, and make strong that which is weak.

Bruce C. Hafen

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.