Economy Quote by Judd Gregg
“If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.”
About This Quote
Source Speech: Congressional hearing, 2023
The speaker warns that stimulus numbers are small compared to the larger revenue loss, implying the package is insufficient to revive the economy.
In simple terms: Stimulus is too small to offset losses.
Key Takeaway
Advocate for larger economic relief.
Themes
economics
policy
budget
revenue
stimulus
Mood
analytical
concerned
pragmatic
Type
political
economic
When to use this quote
- government budgeting
- business planning
- tax policy
- public welfare
- economic forecasting
Key Concepts
macroeconomics
fiscal policy
public finance
Questions to Reflect On
- What is the optimal balance between stimulus and debt?
- How can targeted aid be more effective?
A Different Perspective
Larger packages may increase debt.
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![“According to, for example, one academic by the name of Philip Harvey, whose expertise is basically how do we create a New Deal, today. According to his estimate, these jobs could be created for far less than the [Barack] Obama stimulus package, which cost, you know, $700 or $800 billion, something…” quote by Jill Stein](https://sms4smile.com/quotes/img-quotes/4bb/jill-stein-660_academic_according-to-for-example-one-academic-by_1278852.jpg)
![“This nation is on a course where if we don't do something about it, get federal situation, the fiscal policy [under control], we're Greece. We're a banana republic. Our status as a nation is threatened by what we've got coming at us in the area of deficit and debt. And it's only a few more years…” quote by Judd Gregg](https://sms4smile.com/quotes/img-quotes/1a8/judd-gregg-19676_areas_this-nation-is-on-a-course-where-if-we-d_1043447.jpg)
