Austerity Quote by L. Randall Wray Yeva Nersisyan

Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.

— Alistair Darling

“The collapse of Inter-Ally debts and German reparations in the 1920s showed that “debts that can’t be paid, won’t be.” What blocks this awareness…

— Michael Hudson

“Since the debt limit simply accommodates debt that has already been incurred, raising it should, in theory, be perfunctory. But politicians have found it…

— Thomas E. Mann

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

— Anonymous

Governments harangue about deficits to get more revenue so they can spend more.

— Allan H. Meltzer

If we weren't running deficits, if we weren't spending more than we were taking in, there would be no reason whatsoever to increase the…

— Ron Johnson

There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the…

— Robert C. Solomon

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

— Anonymous

...deficit consumption is, in effect, drawing down on the capital entitlements of future generations

— Jonathon Porritt

“I don’t think we’ll solve the problem of the deficit until three things happen: We need more discipline on spending in Congress. We need…

— Ronald Reagan

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social…

— Ben Bernanke

But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief…

— David Plouffe