--- title: "Meaning & Key Takeaway of: It's almost 10 years since the 2008…" description: "\"It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.\" — Liz Truss" image: "https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg" --- # It's almost 10 years since the 2008 crisis, but we all… ![“It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.” quote by Liz Truss](https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg) [Download](https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg) [Open image](https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg) > “It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.” [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Neglecting fiscal threats leads to lasting economic damage and public hardship. **In simple terms:** Ignoring fiscal risks harms economies. Key Takeaway Prioritize fiscal vigilance. Themes economics public policy risk management Mood cautious serious Type political analytical When to use this quote - budget planning - policy making - public budgeting Key Concepts fiscal responsibility government debt crisis prevention Questions to Reflect On - How can governments balance short‑term politics with long‑term fiscal health? - What early signs indicate fiscal threats? A Different Perspective Political constraints may limit proactive fiscal reforms. ★ ★ ★ ★ ★ No ratings yet [10 Years](https://sms4smile.com/quotes/about/10-years/) [2008 Crisis](https://sms4smile.com/quotes/about/2008-crisis-1071425/) [Consequences](https://sms4smile.com/quotes/about/consequences/) [Consequences Ignoring](https://sms4smile.com/quotes/about/consequences-ignoring-1391125/) [Crisis](https://sms4smile.com/quotes/about/crisis/) [Crisis Remember](https://sms4smile.com/quotes/about/crisis-remember-5659228/) [Customer](https://sms4smile.com/quotes/about/customer/) [Ignoring Threats](https://sms4smile.com/quotes/about/ignoring-threats-5659229/) [Money](https://sms4smile.com/quotes/about/money/) [Remember](https://sms4smile.com/quotes/about/remember/) [Threats](https://sms4smile.com/quotes/about/threats/) ## Related quotes > [“We can ignore reality, but we cannot ignore the consequences of ignoring reality.”](https://sms4smile.com/quotes/ayn-rand/we-can-ignore-reality-but-we-cannot-ignore-the-consequences-of/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [You can ignore reality, but you can't ignore the consequences of ignoring reality.](https://sms4smile.com/quotes/ayn-rand/you-can-ignore-reality-but-you-can-t-ignore-the-consequences-of/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of…](https://sms4smile.com/quotes/james-c-collins/not-every-financial-company-toppled-during-the-2008-crisis-and-some/) [James C. Collins](https://sms4smile.com/quotes/author/james-c-collins/) > [Not one criminal charge has ever been brought to any bank executive associated with the 2008 crisis. And in fact, it gets worse. No…](https://sms4smile.com/quotes/steve-bannon/not-one-criminal-charge-has-ever-been-brought-to-any-bank-executive/) [Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/) > [What the Shin Bet did in the Bus 300 affair is no less than declaring a revolt. They took the methods of manipulation, disinformation,…](https://sms4smile.com/quotes/ronen-bergman/what-the-shin-bet-did-in-the-bus-300-affair-is-no-less-than-declaring/) [Ronen Bergman](https://sms4smile.com/quotes/author/ronen-bergman/) > [No more wars, no more bloodshed, and no more threats.](https://sms4smile.com/quotes/menachem-begin/no-more-wars-no-more-bloodshed-and-no-more-threats/) [Menachem Begin](https://sms4smile.com/quotes/author/menachem-begin/) > [I receive more threats than I could count; it's almost every week.](https://sms4smile.com/quotes/jim-acosta/i-receive-more-threats-than-i-could-count-it-s-almost-every-week/) [Jim Acosta](https://sms4smile.com/quotes/author/jim-acosta/) > [Given the genocidal belligerence of Iranian threats against Israel, it is hard to take issue with Israel's right to preemptive self-defense.](https://sms4smile.com/quotes/conrad-black/given-the-genocidal-belligerence-of-iranian-threats-against-israel-it/) [Conrad Black](https://sms4smile.com/quotes/author/conrad-black/) > [Like all Americans, I am skeptical when any government agency pries into our personal and private lives under the guise of rooting out 'threats.'](https://sms4smile.com/quotes/nancy-mace/like-all-americans-i-am-skeptical-when-any-government-agency-pries/) [Nancy Mace](https://sms4smile.com/quotes/author/nancy-mace/) > [That's what civilization sometimes did to threats, real or perceived. They walled them off. Us against them. Survival of the fittest. You die so…](https://sms4smile.com/quotes/david-baldacci/that-s-what-civilization-sometimes-did-to-threats-real-or-perceived/) [David Baldacci](https://sms4smile.com/quotes/author/david-baldacci/) > [Until we address the pervasive structural and interpersonal threats facing communities of color, we will remain unequipped to make equity a reality.](https://sms4smile.com/quotes/wayne-messam/until-we-address-the-pervasive-structural-and-interpersonal-threats/) [Wayne Messam](https://sms4smile.com/quotes/author/wayne-messam/) > [Many of our threats are imaginary. The habits and even obsessions that we develop to keep them away are destructive and undermine our moods…](https://sms4smile.com/quotes/liz-miller/many-of-our-threats-are-imaginary-the-habits-and-even-obsessions-that/) [Liz Miller](https://sms4smile.com/quotes/author/liz-miller/) > [The stance I took was there is no room for racial bias anywhere in sports. I believe that was basically all I said about…](https://sms4smile.com/quotes/barry-larkin/the-stance-i-took-was-there-is-no-room-for-racial-bias-anywhere-in/) [Barry Larkin](https://sms4smile.com/quotes/author/barry-larkin/) > [Asked at the hearing why she hadn't pressed the FBI more closely about what it knew, or didn't know, about domestic terrorist threats, Rice…](https://sms4smile.com/quotes/howard-fineman/asked-at-the-hearing-why-she-hadn-t-pressed-the-fbi-more-closely/) [Howard Fineman](https://sms4smile.com/quotes/author/howard-fineman/) > [Climate change poses clear, catastrophic threats. We may not agree on the extent, but we certainly can't afford the risk of inaction.](https://sms4smile.com/quotes/rupert-murdoch/climate-change-poses-clear-catastrophic-threats-we-may-not-agree-on/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) ## More by Liz Truss > [And after Brexit, we will be free to determine our economic future, with control over our money, laws and borders.](https://sms4smile.com/quotes/liz-truss/and-after-brexit-we-will-be-free-to-determine-our-economic-future/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [In other countries you can do high-level maths or general maths, whereas we've just got all-or-nothing. We need to give people another option from…](https://sms4smile.com/quotes/liz-truss/in-other-countries-you-can-do-high-level-maths-or-general-maths/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [I have been the only female minister in every government department I've worked in.](https://sms4smile.com/quotes/liz-truss/i-have-been-the-only-female-minister-in-every-government-department-i/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [I've been anxious but not depressed. I'm an incorrigible optimist.](https://sms4smile.com/quotes/liz-truss/i-ve-been-anxious-but-not-depressed-i-m-an-incorrigible-optimist/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [I want people to buy British because it's the tastiest food and the most exciting food.](https://sms4smile.com/quotes/liz-truss/i-want-people-to-buy-british-because-it-s-the-tastiest-food-and-the/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [Britain is the ideas factory of the world and has huge potential to benefit from the next technological revolution. Our future lies in being…](https://sms4smile.com/quotes/liz-truss/britain-is-the-ideas-factory-of-the-world-and-has-huge-potential-to/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [I am delighted to be at the heart of this team of radical reformers in Boris Johnson, Michael Gove, Nick Boles and many others.…](https://sms4smile.com/quotes/liz-truss/i-am-delighted-to-be-at-the-heart-of-this-team-of-radical-reformers/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [If I do feel scared I deliberately challenge myself not to feel scared.](https://sms4smile.com/quotes/liz-truss/if-i-do-feel-scared-i-deliberately-challenge-myself-not-to-feel-scared/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [I admire Peter Mandleson's chutzpah and the way he transformed the Labour party but not his dubious ideas about Europe and industrial policy.](https://sms4smile.com/quotes/liz-truss/i-admire-peter-mandleson-s-chutzpah-and-the-way-he-transformed-the/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [All of us in Parliament now have a responsibility to get on with the process of leaving the EU and securing a more prosperous…](https://sms4smile.com/quotes/liz-truss/all-of-us-in-parliament-now-have-a-responsibility-to-get-on-with-the/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [In order to retain our position as the dynamic duo of the world, it's vital that in the UK and US we keep opportunities…](https://sms4smile.com/quotes/liz-truss/in-order-to-retain-our-position-as-the-dynamic-duo-of-the-world-it-s/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [The British brand is so popular particularly in the US that they put the union jack flag on top of beer bottles because it…](https://sms4smile.com/quotes/liz-truss/the-british-brand-is-so-popular-particularly-in-the-us-that-they-put/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [We want a fully comprehensive trade deal that reflects our deep, ongoing relationship, the friendship between our two countries, the fact that Australians want…](https://sms4smile.com/quotes/liz-truss/we-want-a-fully-comprehensive-trade-deal-that-reflects-our-deep/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [I try to be as clear and straight as I can in what I am putting forward. I think people are fed up with…](https://sms4smile.com/quotes/liz-truss/i-try-to-be-as-clear-and-straight-as-i-can-in-what-i-am-putting/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) > [From Brompton bikes in Australia to Bentleys in the US - the world wants what Britain has to sell.](https://sms4smile.com/quotes/liz-truss/from-brompton-bikes-in-australia-to-bentleys-in-the-us-the-world/) [Liz Truss](https://sms4smile.com/quotes/author/liz-truss/) [Explore all 99 Liz Truss quotes ](https://sms4smile.com/quotes/author/liz-truss/) ## More Consequences quotes > [It's easy to make mistakes. It's living with the consequences of them that's the hardest.](https://sms4smile.com/quotes/sherrilyn-kenyon/it-s-easy-to-make-mistakes-it-s-living-with-the-consequences-of-them/) [Sherrilyn Kenyon](https://sms4smile.com/quotes/author/sherrilyn-kenyon/) > [Actions have consequences... first rule of life. And the second rule is this - you are the only one responsible for your own actions.](https://sms4smile.com/quotes/anonymous/actions-have-consequences-first-rule-of-life-and-the-second-rule-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There is no silver bullet. There are always options and the options have consequences.](https://sms4smile.com/quotes/ben-horowitz/there-is-no-silver-bullet-there-are-always-options-and-the-options/) [Ben Horowitz](https://sms4smile.com/quotes/author/ben-horowitz/) > [Always being on the move has strange consequences. I meet so many amazing people, for a night, or sometimes just a few days. And…](https://sms4smile.com/quotes/gaspar-claus/always-being-on-the-move-has-strange-consequences-i-meet-so-many/) [Gaspar Claus](https://sms4smile.com/quotes/author/gaspar-claus/) > [As a teenager, my dad taught me about the idea of unintended consequences, and I've had the experience, and how to deal with it,…](https://sms4smile.com/quotes/brad-feld/as-a-teenager-my-dad-taught-me-about-the-idea-of-unintended/) [Brad Feld](https://sms4smile.com/quotes/author/brad-feld/) > [“You do not need commandments to tell you what is right and wrong, you need reason. YOU NEED TO THINK. What are the consequences…](https://sms4smile.com/quotes/kassandra-dick/you-do-not-need-commandments-to-tell-you-what-is-right-and-wrong-you/) [Kassandra Dick](https://sms4smile.com/quotes/author/kassandra-dick/) > [There is a down side to everything if you don't understand what the consequences of what you are saying in your music you could…](https://sms4smile.com/quotes/assata-shakur/there-is-a-down-side-to-everything-if-you-don-t-understand-what-the/) [Assata Shakur](https://sms4smile.com/quotes/author/assata-shakur/) > [Start to not give a fuck and stop feraing the consequences.](https://sms4smile.com/quotes/tamika-leeigh/start-to-not-give-a-fuck-and-stop-feraing-the-consequences/) [Tamika-leeigh](https://sms4smile.com/quotes/author/tamika-leeigh/) > [“There are always consequences for our actions, and sometimes we pay dearly if we fail to make good choices with our lives.”](https://sms4smile.com/quotes/h-h-fowler/there-are-always-consequences-for-our-actions-and-sometimes-we-pay/) [H.H. Fowler](https://sms4smile.com/quotes/author/h-h-fowler/) > [I spend a lot of time bathing in a glow of consensus but you also have to be willing to say something to people…](https://sms4smile.com/quotes/nish-kumar/i-spend-a-lot-of-time-bathing-in-a-glow-of-consensus-but-you-also/) [Nish Kumar](https://sms4smile.com/quotes/author/nish-kumar/) > [Without being forgiven, released from the consequences of what we have done, our capacity to act would, as it were, be confined to one…](https://sms4smile.com/quotes/hannah-arendt/without-being-forgiven-released-from-the-consequences-of-what-we-have/) [Hannah Arendt](https://sms4smile.com/quotes/author/hannah-arendt/) > [In fine, a life of good or evil, the hope of Heaven or the despair of Hell, Faustus stands as a reminder that the…](https://sms4smile.com/quotes/anonymous/in-fine-a-life-of-good-or-evil-the-hope-of-heaven-or-the-despair-of/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Imperialist enterprise draws political consequences.](https://sms4smile.com/quotes/c-l-r-james/imperialist-enterprise-draws-political-consequences/) [C. L. R. James](https://sms4smile.com/quotes/author/c-l-r-james/) > [We, as individuals, are defined by the choices we make. Some of our decisions can have very significant consequences and totally change the courses…](https://sms4smile.com/quotes/david-cage/we-as-individuals-are-defined-by-the-choices-we-make-some-of-our/) [David Cage](https://sms4smile.com/quotes/author/david-cage/) > [So obviously, any religion embodies some form of rules and expectations for behavior, and even sometimes consequences, and they don't want to hear any…](https://sms4smile.com/quotes/pat-boone/so-obviously-any-religion-embodies-some-form-of-rules-and/) [Pat Boone](https://sms4smile.com/quotes/author/pat-boone/) [Browse all 1,532 Consequences quotes ](https://sms4smile.com/quotes/about/consequences/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.", "creator": { "@type": "Person", "name": "Liz Truss" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/liz-truss/it-s-almost-10-years-since-the-2008-crisis-but-we-all-still-remember/", "about": { "@type": "Thing", "name": "Consequences" }, "@id": "https://sms4smile.com/quotes/liz-truss/it-s-almost-10-years-since-the-2008-crisis-but-we-all-still-remember/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg", "contentUrl": "https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg", "url": "https://sms4smile.com/quotes/i/89e/liz-truss-6248_consequences_it-s-almost-10-years-since-the-2008-cris_1527279.jpg", "width": 1080, "height": 1080, "caption": "“It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats…” — Liz Truss", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Liz Truss", "item": "https://sms4smile.com/quotes/author/liz-truss/" }, { "@type": "ListItem", "position": 4, "name": "It's almost 10 years since the...", "item": "https://sms4smile.com/quotes/liz-truss/it-s-almost-10-years-since-the-2008-crisis-but-we-all-still-remember/" } ], "@id": "https://sms4smile.com/quotes/liz-truss/it-s-almost-10-years-since-the-2008-crisis-but-we-all-still-remember/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```