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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.” quote by Glenn Hubbard
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“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.”

Glenn Hubbard

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.

Key Takeaway

Monitor fiscal policy closely.

Themes

economics debt investment

Mood

cautious concerned

Type

economic policy

When to use this quote

  • government budgeting
  • business planning
  • tax policy

Key Concepts

fiscal sustainability risk management

Questions to Reflect On

  • What measures can curb debt growth?
  • How might higher taxes impact businesses?
A Different Perspective

Policy responses may be politically constrained.

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