A Quote by Robert Reich
The federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal.
Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both.
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Some people worry about our federal deficit, but I, I worry about our bravery deficit. Our economy, our society - we're just losing out because we're not raising our girls to be brave. The bravery deficit is why women are underrepresented in STEM, in C-suites, in boardrooms, in Congress, and pretty much everywhere you look.
The problem with our deficit is not because Americans are taxed too little. The problem with the deficit is because Washington spends too much money. We have got to stop spending money we don't have.
For decades, we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?
The Farm Bill is one of the only bills that provides substantial deficit reduction that passed the Senate this year. It only makes sense that this deficit reduction bill would be included in a larger deficit reduction agreement.
Like our finances, humankind is living with a growing ecological deficit but the solution is different. The deficit will worsen with dangerous consequences unless we address population growth sooner rather than later. Efficiency improvements, increased use of renewable resources and less waste in themselves are no longer sufficient to put us back into credit
As a first generation American myself, I know that comprehensive immigration reform is good for our country. I know it will reduce our deficit, grow our economy, reaffirm our values, advance our ideals, and honor our history as a nation of immigrants.
When Republicans say, 'The first thing you do when you do deficit reduction is reduce rates,' it would be like Democrats saying, 'The first thing you do when you do deficit reduction is provide free Medicare at age 55.' We'd like to do that! But it won't bring the deficit down. That's for sure.
Trying to cut the deficit too far, too fast isn't working. The government must adopt a steadier, more balanced plan to get our deficit down and take immediate action now to support the economy and create jobs here in Britain.
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
Here then is the real problem of our negligence. We fail in our duty to study God's Word not so much because it is difficult to understand, not so much because it is dull and boring, but because it is work. Our problem is not a lack of intelligence or a lack of passion. Our problem is that we are lazy.
There is a major problem of unsustainability of our environment, and we're seeing it in our natural resources, peak oil is probably upon us, and it can't be sustained. We're on an unsustainable path, and at this point in history we are responsible for that. We're going to have to change our ways. We're going to have to think through this problem.
The poor have been sent to the front lines of a federal budget deficit reduction war that few other groups were drafted to fight.
The goal is to reduce the size and scope of government spending, not to focus on the deficit. The deficit is the symptom of the disease.
Obama and the Democrats' preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
If you ask an economist what’s driven economic growth, it’s been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.
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