--- title: "Meaning & Key Takeaway of: It's going to be difficult to stimulate…" description: "\"It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff..." image: "https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg" --- # It's going to be difficult to stimulate the real economy… ![“It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.” quote by Bill Gross](https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg) [Download](https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg) [Open image](https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg) > “It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.” [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Stimulating the U.S. economy faster than 2% is challenging, especially with looming fiscal constraints. **In simple terms:** Boosting growth above 2% is hard under fiscal limits. Key Takeaway Recognize fiscal limits. Themes economics policy growth Mood analytical cautious Type economic financial When to use this quote - budget planning - investment decisions - public discourse Key Concepts inflation government spending monetary policy Questions to Reflect On - What alternative measures could support growth? - How do fiscal cliffs affect confidence? A Different Perspective Policy effectiveness may be limited by external shocks. ★ ★ ★ ★ ★ No ratings yet [Cliff](https://sms4smile.com/quotes/about/cliff/) [December](https://sms4smile.com/quotes/about/december/) [Difficult](https://sms4smile.com/quotes/about/difficult/) [Economy](https://sms4smile.com/quotes/about/economy/) [Economy Faster](https://sms4smile.com/quotes/about/economy-faster-837680/) [Even](https://sms4smile.com/quotes/about/even/) [Faster](https://sms4smile.com/quotes/about/faster/) [Faster Rate](https://sms4smile.com/quotes/about/faster-rate-3404913/) [Fiscal](https://sms4smile.com/quotes/about/fiscal/) [Fiscal cliff](https://sms4smile.com/quotes/about/fiscal-cliff/) [Going](https://sms4smile.com/quotes/about/going/) [January](https://sms4smile.com/quotes/about/january/) [Less](https://sms4smile.com/quotes/about/less/) [Percent](https://sms4smile.com/quotes/about/percent/) [Percent Fiscal](https://sms4smile.com/quotes/about/percent-fiscal-5575301/) [Perhaps](https://sms4smile.com/quotes/about/perhaps/) [Rate](https://sms4smile.com/quotes/about/rate/) [Real](https://sms4smile.com/quotes/about/real/) [Real Economy](https://sms4smile.com/quotes/about/real-economy-417278/) [Stimulate](https://sms4smile.com/quotes/about/stimulate/) [Than](https://sms4smile.com/quotes/about/than/) ## Related quotes > [This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.](https://sms4smile.com/quotes/jim-nussle/this-unchecked-spending-is-growing-faster-than-our-economy-faster/) [Jim Nussle](https://sms4smile.com/quotes/author/jim-nussle/) > [The fact is, we'll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before.](https://sms4smile.com/quotes/ronald-reagan/the-fact-is-we-ll-never-build-a-lasting-economic-recovery-by-going/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [We must not let the panicky Wall Street wheeler-dealers and the Trump-hating establishment state media talk us into a recession. We must keep the…](https://sms4smile.com/quotes/steve-hilton/we-must-not-let-the-panicky-wall-street-wheeler-dealers-and-the-trump/) [Steve Hilton](https://sms4smile.com/quotes/author/steve-hilton/) > [“Simply put, we need plenty of risk capital flowing into the real economy and real startups solving real problems. You see, if we’re living…](https://sms4smile.com/quotes/victoria-silchenko/simply-put-we-need-plenty-of-risk-capital-flowing-into-the-real/) [Victoria Silchenko](https://sms4smile.com/quotes/author/victoria-silchenko/) > [“While the changes that are necessary are actually simple, they're painful, and require courage and sacrifice. Living standards will decline in real terms. Citizens…](https://sms4smile.com/quotes/satyajit-das/while-the-changes-that-are-necessary-are-actually-simple-they-re/) [Satyajit Das](https://sms4smile.com/quotes/author/satyajit-das/) > [We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production,…](https://sms4smile.com/quotes/alan-greenspan/we-as-central-bankers-need-not-be-concerned-if-a-collapsing-financial/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to…](https://sms4smile.com/quotes/michael-hudson/the-most-serious-problems-lie-in-the-financial-sphere-where-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy…](https://sms4smile.com/quotes/paul-krugman/consumer-spending-is-now-plunging-at-serious-recession-rate-even-if/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [A striking feature of financial service activities during the past few decades is that the financial transactions essential to the operation of the 'real'…](https://sms4smile.com/quotes/peter-dicken/a-striking-feature-of-financial-service-activities-during-the-past/) [Peter Dicken](https://sms4smile.com/quotes/author/peter-dicken/) > [The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a…](https://sms4smile.com/quotes/paul-krugman/the-world-economy-is-in-a-nosedive-and-understanding-what-i-call/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Fiscal crises often turn into financial crises, dealing a blow to the real economy.](https://sms4smile.com/quotes/lee-myung-bak/fiscal-crises-often-turn-into-financial-crises-dealing-a-blow-to-the/) [Lee Myung-bak](https://sms4smile.com/quotes/author/lee-myung-bak/) > [To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.](https://sms4smile.com/quotes/ben-bernanke/to-the-extent-that-bank-panics-interfere-with-normal-flows-of-credit/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Banks should contribute to the real economy, make a positive contribution to economic growth.](https://sms4smile.com/quotes/jeroen-dijsselbloem/banks-should-contribute-to-the-real-economy-make-a-positive/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses.](https://sms4smile.com/quotes/stanley-druckenmiller/good-debt-growth-is-when-you-borrow-money-and-it-goes-into-the-real/) [Stanley Druckenmiller](https://sms4smile.com/quotes/author/stanley-druckenmiller/) > [What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were…](https://sms4smile.com/quotes/thomas-peterffy/what-i-am-objecting-to-is-linking-bitcoin-and-other-cryptocurrencies/) [Thomas Peterffy](https://sms4smile.com/quotes/author/thomas-peterffy/) ## More by Bill Gross > [Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.](https://sms4smile.com/quotes/bill-gross/damn-inflation-full-speed-ahead-greenspan-has-said-in-both-action-and/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998…](https://sms4smile.com/quotes/bill-gross/why-is-it-possible-to-rescue-s-l-buccaneers-in-the-early-90s-and/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make.](https://sms4smile.com/quotes/bill-gross/finding-the-best-person-or-the-best-organization-to-invest-your-money/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [I am tough but I have a soft side.](https://sms4smile.com/quotes/bill-gross/i-am-tough-but-i-have-a-soft-side/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the…](https://sms4smile.com/quotes/bill-gross/with-all-this-consumer-debt-business-debt-government-debt-smaller/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [I would admit I'm an introvert. I don't know why introverts have to apologize.](https://sms4smile.com/quotes/bill-gross/i-would-admit-i-m-an-introvert-i-don-t-know-why-introverts-have-to/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [I am obsessed with delivering value to investors and winning the game from a personal standpoint.](https://sms4smile.com/quotes/bill-gross/i-am-obsessed-with-delivering-value-to-investors-and-winning-the-game/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time](https://sms4smile.com/quotes/bill-gross/when-the-tide-goes-out-you-get-to-see-who-s-swimming-naked-pimco-has/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [Well, I, you know, I think at PIMCO we always try and be open with the press and the public. I mean, isn't that…](https://sms4smile.com/quotes/bill-gross/well-i-you-know-i-think-at-pimco-we-always-try-and-be-open-with-the/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [What the Obama administration's policies have really been oriented towards have always been towards providing benefits continuing consumption. What this country needs really is…](https://sms4smile.com/quotes/bill-gross/what-the-obama-administration-s-policies-have-really-been-oriented/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way…](https://sms4smile.com/quotes/bill-gross/the-u-k-and-almost-all-of-europe-have-erred-in-terms-of-believing/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads…](https://sms4smile.com/quotes/bill-gross/bond-investors-want-growth-much-like-equity-investors-and-to-the/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.](https://sms4smile.com/quotes/bill-gross/we-are-witnessing-the-death-of-abundance-and-the-borning-of-austerity/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the…](https://sms4smile.com/quotes/bill-gross/favouring-employment-versus-the-financial-markets-is-a-decent-policy/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) > [Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.](https://sms4smile.com/quotes/bill-gross/companies-typically-borrow-money-at-less-than-their-return-on-equity/) [Bill Gross](https://sms4smile.com/quotes/author/bill-gross/) [Explore all 49 Bill Gross quotes ](https://sms4smile.com/quotes/author/bill-gross/) ## More Cliff quotes > [The unemployed in Greece can get a voucher and choose a training program somewhere in Europe to be retrained during this crisis and when…](https://sms4smile.com/quotes/george-papandreou/the-unemployed-in-greece-can-get-a-voucher-and-choose-a-training/) [George Papandreou](https://sms4smile.com/quotes/author/george-papandreou/) > [“Cliff took his arm from my shoulder and raised both hands high. "Go. Be gone!" All of the birds stopped shrieking”](https://sms4smile.com/quotes/stacy-claflin/cliff-took-his-arm-from-my-shoulder-and-raised-both-hands-high-go-be/) [Stacy Claflin](https://sms4smile.com/quotes/author/stacy-claflin/) > [Sometimes I think my past life was unrealized. I met a tragic end - it might have been a car over a cliff. But…](https://sms4smile.com/quotes/christine-ebersole/sometimes-i-think-my-past-life-was-unrealized-i-met-a-tragic-end-it/) [Christine Ebersole](https://sms4smile.com/quotes/author/christine-ebersole/) > [Let's push the Pentagon off the fiscal cliff.](https://sms4smile.com/quotes/cindy-sheehan/let-s-push-the-pentagon-off-the-fiscal-cliff/) [Cindy Sheehan](https://sms4smile.com/quotes/author/cindy-sheehan/) > [“She had what I'd call a lemming ass - that is, an ass that you would follow right over the edge of the cliff.”](https://sms4smile.com/quotes/andrew-davidson/she-had-what-i-d-call-a-lemming-ass-that-is-an-ass-that-you-would/) [Andrew Davidson](https://sms4smile.com/quotes/author/andrew-davidson/) > [I'm not a lemming about to run off the end of a cliff.](https://sms4smile.com/quotes/glenn-roeder/i-m-not-a-lemming-about-to-run-off-the-end-of-a-cliff/) [Glenn Roeder](https://sms4smile.com/quotes/author/glenn-roeder/) > [Wow! We beat him! I mean, yeah technically he fell off a cliff but, we still won.](https://sms4smile.com/quotes/po-the-dragon-warrior/wow-we-beat-him-i-mean-yeah-technically-he-fell-off-a-cliff-but-we/) [Po - The Dragon Warrior](https://sms4smile.com/quotes/author/po-the-dragon-warrior/) > [I've now met, I would say, almost every single one of my rock idols. I feel like I should just drive off a cliff…](https://sms4smile.com/quotes/tim-schafer/i-ve-now-met-i-would-say-almost-every-single-one-of-my-rock-idols-i/) [Tim Schafer](https://sms4smile.com/quotes/author/tim-schafer/) > [People with high levels of wellbeing have been careful to work out early in the morning and not to have heavy meals throughout the…](https://sms4smile.com/quotes/tom-rath/people-with-high-levels-of-wellbeing-have-been-careful-to-work-out/) [Tom Rath](https://sms4smile.com/quotes/author/tom-rath/) > [Don't make me hang on to long I have the grip but this cliff is really steep but for you ill be like spiderman…](https://sms4smile.com/quotes/greg-mcglory/don-t-make-me-hang-on-to-long-i-have-the-grip-but-this-cliff-is/) [Greg Mcglory](https://sms4smile.com/quotes/author/greg-mcglory/) > [“Feeling the Wind in Your Hair The peak of the cliff sits tantalizingly close. Your hands rest on your knees as you gasp, willing…](https://sms4smile.com/quotes/dan-kieran/feeling-the-wind-in-your-hair-the-peak-of-the-cliff-sits/) [Dan Kieran](https://sms4smile.com/quotes/author/dan-kieran/) > [I always likened retirement to falling off a cliff, and then you have to kind of brush yourself off.](https://sms4smile.com/quotes/steve-young/i-always-likened-retirement-to-falling-off-a-cliff-and-then-you-have/) [Steve Young](https://sms4smile.com/quotes/author/steve-young/) > [There is something about writing poetry that brings a man close to the cliff's edge.](https://sms4smile.com/quotes/charles-bukowski/there-is-something-about-writing-poetry-that-brings-a-man-close-to/) [Charles Bukowski](https://sms4smile.com/quotes/author/charles-bukowski/) > [Acting like it's a big deal because, hey, I don't who Cliff Bowyer is. -Si](https://sms4smile.com/quotes/duck-dynasty/acting-like-it-s-a-big-deal-because-hey-i-don-t-who-cliff-bowyer-is-si/) [Duck Dynasty](https://sms4smile.com/quotes/author/duck-dynasty/) > [“Go to the edge of the cliff and jump off. Build your wings on the way down.--Ray Bradbury”](https://sms4smile.com/quotes/t-k-thorne/go-to-the-edge-of-the-cliff-and-jump-off-build-your-wings-on-the-way/) [T.K. Thorne](https://sms4smile.com/quotes/author/t-k-thorne/) [Browse all 159 Cliff quotes ](https://sms4smile.com/quotes/about/cliff/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.", "creator": { "@type": "Person", "name": "Bill Gross" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/bill-gross/it-s-going-to-be-difficult-to-stimulate-the-real-economy-in-the-u-s/", "about": { "@type": "Thing", "name": "Cliff" }, "@id": "https://sms4smile.com/quotes/bill-gross/it-s-going-to-be-difficult-to-stimulate-the-real-economy-in-the-u-s/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg", "contentUrl": "https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg", "url": "https://sms4smile.com/quotes/i/2ac/bill-gross-13827_cliff_it-s-going-to-be-difficult-to-stimulate_1513214.jpg", "width": 1080, "height": 1080, "caption": "“It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and…” — Bill Gross", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Bill Gross", "item": "https://sms4smile.com/quotes/author/bill-gross/" }, { "@type": "ListItem", "position": 4, "name": "It's going to be difficult to...", "item": "https://sms4smile.com/quotes/bill-gross/it-s-going-to-be-difficult-to-stimulate-the-real-economy-in-the-u-s/" } ], "@id": "https://sms4smile.com/quotes/bill-gross/it-s-going-to-be-difficult-to-stimulate-the-real-economy-in-the-u-s/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```