Administration Quote by Glenn Hubbard
“The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.”
About This Quote
Warns that large, sustained debt increases risk another crisis, higher taxes, and reduced investment.
In simple terms: Debt growth threatens economy and jobs.
Monitor fiscal policy closely.
Themes
Mood
Type
When to use this quote
- government budgeting
- business planning
- tax policy
Key Concepts
Questions to Reflect On
- What measures can curb debt growth?
- How might higher taxes impact businesses?
Policy responses may be politically constrained.