Budgets Quote by Ha-Joon Chang

Ironically, for the mega-rich, recession brings with it the ability to live well at a lower cost and with less of a hassle.

— Jamie Johnson

When the average person is being financially squeezed, they cut back on spending, demand goes down and businesses have to lay people off. That's…

— Touker Suleyman

The government has to spend money during a recession, because their spending is our earning.

— Linda Ronstadt

In an economic recession, I'd rather that in order to get out of this recession, that the people be spending their money, not the…

— George W Bush

Sometimes if your only approach is cutting spending at a time when the economy's contracting, then the economy will contract further.

— Barack Obama

Anytime there's a disruption in the supply chain, any time people cut back on spending, there will be a recession.

— Trish Regan

Well, I think what we need to remember is that budget deficits can impede economic activity.

— Anonymous

To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.

— Edgar Fiedler

At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…

— George Soros

When the economy is growing, there's a lot that can be done to deal with the deficit.

— Henry Paulson

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in…

— David Talbot

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth…

— Ben Bernanke