A Quote by Sonia Sotomayor
A surplus of effort could overcome a deficit of confidence.
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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.
The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.
In New Mexico, I inherited the largest structural deficit in state history, and our legislature is controlled by Democrats. We don't always agree, but we came together in a bipartisan manner and turned that deficit into a surplus. And we did it without raising taxes.
We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.
When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds.
Lack of self-confidence is, more often than not, simple laziness. We feel confused and uncertain because we do not know. But instead of making the effort to investigate, we procrastinate and worry. We tell ourselves we can't instead of learning how we can. If we used the mental energy we expend in worry and fear to get out and find out about what we do not know, we would see our self-confidence grow. Lack of self-confidence is not overcome by faith, but by action. It is a lack, not of certainty, but of effort. Too often we are certain that we can't before we give ourselves a fair chance.
U.S. capital formation, which has been pretty high in the '90s and very high in the late 1990s, is what is being financed by the savings of the rest of the world, generally poorer than ourselves, because our deficit on current account, chronic deficit, is their surplus, and they have been willingly bringing that to the American market.
Proper effort is not the effort to make something particular happen. It is the effort to be aware and awake each moment, the effort to overcome laziness and merit, the effort to make each activity of our day meditation.
We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.
Community is as endangered by surplus as it is by deficit. If there is too much money floating around it enables people to have no need of each other.
My being a black woman is not a deficit. It is a strength. Because I could not be where I am had I not overcome so many other barriers. Which means you know I'm relentless, you know I'm persistent, and you know I'm smart.
As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.
I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
If nations could overcome the mutual fear and distrust whose sombre shadow is now thrown over the world, and could meet with confidence and good will to settle their possible differences, they would easily be able to establish a lasting peace.
Deficit, deficit, deficit. The political and media elites are obsessed with the D-word.
We overcome the accuser of our brothers and sisters, we overcome our consciences, we overcome our bad tempers, we overcome our defeats, we overcome our lusts, we overcome our fears, we overcome our pettiness on the basis of the blood of the Lamb.
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