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Federal Debt Quotes

The Federal Reserve will not monetize the debt Picture Quote #1
I think it’s important that people know what raising the debt ceiling is. It’s Congress giving permission to the federal government to borrow more money that we don’t have, and we borrow it for the purpose of spending it Picture Quote #1
...100% of what is collected is absorbed solely by interest on the Federal Debt...all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government Picture Quote #1
The federal government is far larger than the Founding Fathers ever intended it to be. We have racked up over $16 trillion of debt through wasteful spending, and it is time that we cut that waste and start reducing the size of our government Picture Quote #1
From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn’t matter because we owe most of it to ourselves Picture Quote #1
President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own bipartisan National Commission on Fiscal Responsibility and Reform - and submitted no plan for entitlement reform Picture Quote #1
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The bailout of Fannie Mae is completely off the books. It’s going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt Picture Quote #1
State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don’t know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale Picture Quote #1
Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come Picture Quote #1
Fannie Mae is owned by shareholders but operates under a federal charter that exempts it from paying state or local taxes. As a result, many professional investors think the government would repay the debt that Fannie Mae had issued if the company could not, although Fannie Mae explicitly says that its bonds do not carry a federal guarantee Picture Quote #1
Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you’ll always be able to buy more food with your gold Picture Quote #1
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget Picture Quote #1
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Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest Picture Quote #1
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives Picture Quote #1
Well, the problem of the federal government is that they print money and go in debt. That’s their national policy, democrats and Republicans it doesn’t matter. and this is where I differ Picture Quote #1
The federal debt in this country is principally of Republican design Picture Quote #1
Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there Picture Quote #1
The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours Picture Quote #1
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I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year Picture Quote #1
The bailout of Fannie Mae is completely off the books. It’s going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt Picture Quote #1
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The Federal Reserve will not monetize the debt  (Federal Debt Quotes) I think it’s important that people know what raising the debt ceiling is. It’s Congress giving permission to the federal government to borrow more money that we don’t have, and we borrow it for the purpose of spending it  (Federal Debt Quotes) ...100% of what is collected is absorbed solely by interest on the Federal Debt...all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.  (Federal Debt Quotes) The federal government is far larger than the Founding Fathers ever intended it to be. We have racked up over $16 trillion of debt through wasteful spending, and it is time that we cut that waste and start reducing the size of our government.  (Federal Debt Quotes) From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn’t matter because we owe most of it to ourselves.  (Federal Debt Quotes) President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own bipartisan National Commission on Fiscal Responsibility and Reform - and submitted no plan for entitlement reform.  (Federal Debt Quotes) The bailout of Fannie Mae is completely off the books. It’s going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt.  (Federal Debt Quotes) State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don’t know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale.  (Federal Debt Quotes) Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.  (Federal Debt Quotes) Fannie Mae is owned by shareholders but operates under a federal charter that exempts it from paying state or local taxes. As a result, many professional investors think the government would repay the debt that Fannie Mae had issued if the company could not, although Fannie Mae explicitly says that its bonds do not carry a federal guarantee  (Federal Debt Quotes) Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you’ll always be able to buy more food with your gold  (Federal Debt Quotes) Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget  (Federal Debt Quotes) Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest  (Federal Debt Quotes) Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives  (Federal Debt Quotes) Well, the problem of the federal government is that they print money and go in debt. That’s their national policy, democrats and Republicans it doesn’t matter. and this is where I differ  (Federal Debt Quotes) The federal debt in this country is principally of Republican design  (Federal Debt Quotes) Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there  (Federal Debt Quotes) The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours  (Federal Debt Quotes) I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year  (Federal Debt Quotes) The bailout of Fannie Mae is completely off the books. It’s going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt  (Federal Debt Quotes)