--- title: "Meaning & Key Takeaway of: Moreover, because we chose to finance the…" description: "\"Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for maneuver, less money..." image: "https://sms4smile.com/quotes/i/0ff/joseph-stiglitz-1351_borrowing_moreover-because-we-chose-to-finance-the_159661.jpg" --- # Moreover, because we chose to finance the way by… ![“Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for maneuver, less money available to stimulate the eocnomy in the way needed.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/0ff/joseph-stiglitz-1351_borrowing_moreover-because-we-chose-to-finance-the_159661.jpg) [Download](https://sms4smile.com/quotes/i/0ff/joseph-stiglitz-1351_borrowing_moreover-because-we-chose-to-finance-the_159661.jpg) [Open image](https://sms4smile.com/quotes/i/0ff/joseph-stiglitz-1351_borrowing_moreover-because-we-chose-to-finance-the_159661.jpg) > “Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for maneuver, less money available to stimulate the eocnomy in the way needed.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Relying on borrowed financing raises deficits and debt, limiting fiscal flexibility and the ability to stimulate the economy when needed. **In simple terms:** Borrowing increases debt, reducing room for economic stimulus. Key Takeaway Limit borrowing and seek sustainable fiscal policies. Themes fiscal policy debt management economic stimulus budget constraints public finance Mood concerned analytical cautious Type policy economic analytical When to use this quote - government budgeting - economic downturns - policy planning - public investment - inflation control Key Concepts keynesian economics budget deficits monetary-fiscal interaction Questions to Reflect On - How can governments balance stimulus with debt sustainability? - What alternatives exist to borrowing for economic support? A Different Perspective High debt can crowd out private investment and raise interest rates, weakening stimulus impact. ★ ★ ★ ★ ★ No ratings yet [Borrowing](https://sms4smile.com/quotes/about/borrowing/) [Finance](https://sms4smile.com/quotes/about/finance/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [I always thought I'd buy my mother a house if I ever became successful - a big, beautiful house on the nicest street in…](https://sms4smile.com/quotes/tom-shales/i-always-thought-i-d-buy-my-mother-a-house-if-i-ever-became/) [Tom Shales](https://sms4smile.com/quotes/author/tom-shales/) > [We have to reduce the burden placed on our economy by years of deficits and debt.](https://sms4smile.com/quotes/anonymous/we-have-to-reduce-the-burden-placed-on-our-economy-by-years-of/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Of course, there's been a real debate about where to invest and where to cut, and I'm committed to working with members of both…](https://sms4smile.com/quotes/barack-obama/of-course-there-s-been-a-real-debate-about-where-to-invest-and-where/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Deficits and debt threaten the growing American economy and our national security over the long term.](https://sms4smile.com/quotes/cindy-hyde-smith/deficits-and-debt-threaten-the-growing-american-economy-and-our/) [Cindy Hyde-Smith](https://sms4smile.com/quotes/author/cindy-hyde-smith/) > [The roots of the crisis in East Asia were in private sector decisions. 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So the war did help the US economy to get…](https://sms4smile.com/quotes/joseph-stiglitz/world-war-ii-was-really-unusual-because-america-was-in-the-great/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person…](https://sms4smile.com/quotes/joseph-stiglitz/i-ve-always-been-sceptical-about-the-notion-that-the-market-is-a/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The striking thing about America is - it's historically, extraordinary unusual,I don't of any other instance - is that productivity of workers and wages…](https://sms4smile.com/quotes/joseph-stiglitz/the-striking-thing-about-america-is-it-s-historically-extraordinary/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Obama had to save the banks, sure, but he didn't have to save the bankers and the shareholders and the bondholders. We broke the…](https://sms4smile.com/quotes/joseph-stiglitz/obama-had-to-save-the-banks-sure-but-he-didn-t-have-to-save-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Explore all 251 Joseph Stiglitz quotes ](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## More Borrowing quotes > [I would borrow money all day long, if the cost of borrowing is less than the expected return.](https://sms4smile.com/quotes/brad-schneider/i-would-borrow-money-all-day-long-if-the-cost-of-borrowing-is-less/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) > [ When the fountains of government \[borrowing\] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the… ](https://sms4smile.com/quotes/john-t-flynn/when-the-fountains-of-government-borrowing-abundance-began-to-dry-up/) [John T. 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Likewise, many Bollywood actors are appearing down South or borrowing ideas from southern films.](https://sms4smile.com/quotes/ram-charan/several-southern-actors-are-coming-to-mumbai-likewise-many-bollywood/) [Ram Charan](https://sms4smile.com/quotes/author/ram-charan/) > [As for borrowing Mr. Whistler's ideas about art, the only thoroughly original ideas I have heard him express have had reference to his own…](https://sms4smile.com/quotes/oscar-wilde/as-for-borrowing-mr-whistler-s-ideas-about-art-the-only-thoroughly/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [Saints and ordinary folks are the same from the start. Inquiring about a difference is like asking to borrow string when you've got a…](https://sms4smile.com/quotes/hsu-yun/saints-and-ordinary-folks-are-the-same-from-the-start-inquiring-about/) Hsu Yun > [Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. 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