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My approach to cutting spending as president, is to do a ten percent across the board cut of all federal agencies, and then ask each of my new agency heads to find another ten percent by drilling down. That's what you do in business to come up with approximately 20 percent cuts for the first fiscal year budget.
Political leaders in Illinois kicked the can down the road, raised taxes, and ignored fiscal realities. Now, they're realizing the consequences of their actions: credit downgrades and negative outlooks.
This election presents a stark choice - we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation - free markets, fiscal responsibility and individual liberty.
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
Andrew Ross Sorkin
Caution, not exuberance, should be our fiscal motto.
With age, life becomes complex and difficult, often fraught with risk on several levels, from the practical to the fiscal.
I am conservative with a small 'c.' It's possible to be conservative in fiscal policy, and tolerant on moral issues or questions of freedom of expression.
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.
Restoring responsibility and accountability is essential to the economic and fiscal health of our nation.
I would like to see Greece as a case study, an opportunity for Europe to strengthen its coordination of fiscal policy.
Even in a time of fiscal austerity, education is more than just an expense.
The big winners under the American fiscal system are the rich, who pay some of the lowest taxes anywhere in the world; the old, who are the main beneficiaries of the American social service state; farmers, rural people. These are Republican constituencies.
Having said that, I believe we must not compound the natural disaster of Katrina by creating a fiscal disaster in Congress - it is our duty to ensure that we reign in other government spending in any event, and especially in this time of national emergency.
My hope is that people begin to understand what the fiscal realities are - how economic virtue differs from political virtue - and develop a realization of their individual economic philosophy in comparison to their perceived political ideology.
I'm not really conservative. I'm conservative on certain things. I believe in less government. I believe in fiscal responsibility and all those things that maybe Republicans used to believe in but don't any more.
Even people on the liberal side are starting to worry about going off a fiscal cliff.
Fiscal conservatism is just an easy way to express something that is a bit more difficult, which is that the size and scope of government, and really the size and scope of politics in our lives, has grown uncomfortable, unwieldy, intrusive and inefficient.
P. J. O'Rourke
The 'fiscal cliff' is a ruse, an invention by the right and the rich, to try and keep their huge tax breaks.
I have said, with respect to authorization bills, that I do not want the Congress or the country to commit fiscal suicide on the installment plan.
While President Obama shirks his responsibility to advance solutions to our fiscal challenges, he can no longer hide from the merciless math of the balance sheet. Conservatives have made certain of that.
We have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism.
Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.
Spending $1 for a brand new house would feel very, very good. Spending $1,000 for a ham sandwich would feel very, very bad. Spending $19,000 for a small family car would feel, well, more or less right. But as with physical pain, fiscal pain can depend on the individual, and everyone has a different threshold.
I see around 100 shows a month, going from Niketown-size palaces where you feel like yelling, to storefronts in Bushwick. Each has to pay the bills; keep artists happy; and cope with collectors (oy!), curators (ay-yi-yi), critics (woo-hoo!), and occasionally plumbers. That their fiscal life often hangs in the balance only adds to the energy.
I developed the concept of the Happy Warrior as a rallying cry for those of us who want to restore America to its great foundational principles: individual freedom, personal responsibility, fiscal restraint, and economic liberty.
John F. Kennedy
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