--- title: "Meaning & Key Takeaway of: President Obama's call for nearly a…" description: "\"President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his ..." image: "https://sms4smile.com/quotes/i/66b/rick-perry-1638_america_president-obama-s-call-for-nearly-a-half_2598069.png" --- # President Obama's call for nearly a half-trillion dollars… ![“President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.” quote by Rick Perry](https://sms4smile.com/quotes/i/66b/rick-perry-1638_america_president-obama-s-call-for-nearly-a-half_2598069.png) [Download](https://sms4smile.com/quotes/i/66b/rick-perry-1638_america_president-obama-s-call-for-nearly-a-half_2598069.png) [Open image](https://sms4smile.com/quotes/i/66b/rick-perry-1638_america_president-obama-s-call-for-nearly-a-half_2598069.png) > “President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.” [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Spending billions despite massive debt reflects belief that stimulus drives prosperity, which is flawed. **In simple terms:** Spending to fix debt is misguided. Key Takeaway Seek sustainable economic policies. Themes economics fiscal policy government spending Mood critical analytical Type political economic When to use this quote - budget planning - investment strategy - tax reform Key Concepts debt dynamics stimulus effectiveness Questions to Reflect On - Is debt reduction realistic? - What alternatives exist? A Different Perspective Political motives can distort policy. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [Belief](https://sms4smile.com/quotes/about/belief/) [Dollars](https://sms4smile.com/quotes/about/dollars/) [Faith](https://sms4smile.com/quotes/about/faith/) [Government](https://sms4smile.com/quotes/about/government/) [President](https://sms4smile.com/quotes/about/president/) [Prosperity](https://sms4smile.com/quotes/about/prosperity/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [The Great Depression, they come out with the New Deal, black people didn't have access to those government stimulus packages. The New Deal set…](https://sms4smile.com/quotes/eric-reid/the-great-depression-they-come-out-with-the-new-deal-black-people/) [Eric Reid](https://sms4smile.com/quotes/author/eric-reid/) > [Time and again, it has been proven that SNAP benefits are the most valuable government stimulus we can have for local economies.](https://sms4smile.com/quotes/deb-haaland/time-and-again-it-has-been-proven-that-snap-benefits-are-the-most/) [Deb Haaland](https://sms4smile.com/quotes/author/deb-haaland/) > [“Cisco systems forecasts that by 2022, the Internet of Everything will generate $14.4 trillion in cost savings and revenue.”](https://sms4smile.com/quotes/jeremy-rifkin/cisco-systems-forecasts-that-by-2022-the-internet-of-everything-will/) [Jeremy Rifkin](https://sms4smile.com/quotes/author/jeremy-rifkin/) > [I think that when we look out with our underfunded liabilities and our national debt over $14 trillion, I think if we are part…](https://sms4smile.com/quotes/ben-quayle/i-think-that-when-we-look-out-with-our-underfunded-liabilities-and/) [Ben Quayle](https://sms4smile.com/quotes/author/ben-quayle/) > [And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south,…](https://sms4smile.com/quotes/jon-huntsman-jr/and-the-trajectory-that-our-debt-is-taking-now-beyond-14-trillion-is/) [Jon Huntsman, Jr](https://sms4smile.com/quotes/author/jon-huntsman-jr/) > [There's a need to reform Medicare, but not a need to cut a half trillion dollars out of Medicare.](https://sms4smile.com/quotes/charlie-dent/there-s-a-need-to-reform-medicare-but-not-a-need-to-cut-a-half/) [Charlie Dent](https://sms4smile.com/quotes/author/charlie-dent/) > [Saudia Arabia takes in half a trillion dollars every year in oil revenue, and the country has a population smaller than New York state,…](https://sms4smile.com/quotes/craig-ferguson/saudia-arabia-takes-in-half-a-trillion-dollars-every-year-in-oil/) [Craig Ferguson](https://sms4smile.com/quotes/author/craig-ferguson/) > [We have a balance of $ .32 in the bank . . . Which makes us four-and-a-half trillion dollars richer than the federal government.](https://sms4smile.com/quotes/jim-borgman/we-have-a-balance-of-32-in-the-bank-which-makes-us-four-and-a-half/) Jim Borgman > [There isn't a single government agency that can't function. There's more money in this federal government, there's more money allocated than these people can…](https://sms4smile.com/quotes/rush-limbaugh/there-isn-t-a-single-government-agency-that-can-t-function-there-s/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) > [When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national…](https://sms4smile.com/quotes/barack-obama/when-george-bush-came-into-office-we-had-surpluses-and-now-we-have/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The federal government spends nearly half a trillion dollars on contracted goods and services; therefore, we must ensure that the money is being spent…](https://sms4smile.com/quotes/sam-graves/the-federal-government-spends-nearly-half-a-trillion-dollars-on/) [Sam Graves](https://sms4smile.com/quotes/author/sam-graves/) > [Today we're faced with over 500 casualties, a cost of over $200 billion. And it could rise - the casualties could go into thousands…](https://sms4smile.com/quotes/dennis-kucinich/today-we-re-faced-with-over-500-casualties-a-cost-of-over-200-billion/) [Dennis Kucinich](https://sms4smile.com/quotes/author/dennis-kucinich/) > [When you cut a half-a-trillion dollars from the defense budget, it affects almost every area in the defense budget.](https://sms4smile.com/quotes/leon-panetta/when-you-cut-a-half-a-trillion-dollars-from-the-defense-budget-it/) [Leon Panetta](https://sms4smile.com/quotes/author/leon-panetta/) > [We are now spending half a trillion dollars on foreign oil, importing 62 percent of the oil we use, and we haven't had the…](https://sms4smile.com/quotes/t-boone-pickens/we-are-now-spending-half-a-trillion-dollars-on-foreign-oil-importing/) [T. Boone Pickens](https://sms4smile.com/quotes/author/t-boone-pickens/) > [The fossil reserves that have already been discovered exceed what can ever be safely used. Yet companies spend half a trillion dollars each year…](https://sms4smile.com/quotes/desmond-tutu/the-fossil-reserves-that-have-already-been-discovered-exceed-what-can/) [Desmond Tutu](https://sms4smile.com/quotes/author/desmond-tutu/) ## More by Rick Perry > [I've never struggled with that at all. In the state of Texas, if you come into our state and you kill one of our…](https://sms4smile.com/quotes/rick-perry/i-ve-never-struggled-with-that-at-all-in-the-state-of-texas-if-you/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [We understand that you have to create an environment where that those men and women who are entrepreneurs can risk their capital and have…](https://sms4smile.com/quotes/rick-perry/we-understand-that-you-have-to-create-an-environment-where-that-those/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [George W. Bush did an incredible job in the presidency, defending us from freedom.](https://sms4smile.com/quotes/rick-perry/george-w-bush-did-an-incredible-job-in-the-presidency-defending-us/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [I think there are a substantial number of scientists who have manipulated data so that they will have dollars rolling into their projects. And…](https://sms4smile.com/quotes/rick-perry/i-think-there-are-a-substantial-number-of-scientists-who-have/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [What I learned growing up on the farm was a way of life that was centered on hard work, and on faith and on…](https://sms4smile.com/quotes/rick-perry/what-i-learned-growing-up-on-the-farm-was-a-way-of-life-that-was/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [The people who illegally cross into the country are from countries that have very close ties to al Qaeda, whether it's Yemen or Afghanistan,…](https://sms4smile.com/quotes/rick-perry/the-people-who-illegally-cross-into-the-country-are-from-countries/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [It is up to us, to this present generation of Americans, to take a stand for freedom, to send a message to Washington that…](https://sms4smile.com/quotes/rick-perry/it-is-up-to-us-to-this-present-generation-of-americans-to-take-a/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [I know for a fact that Ted Cruz every day uses two checklists - to guide him through his personal and professional life -…](https://sms4smile.com/quotes/rick-perry/i-know-for-a-fact-that-ted-cruz-every-day-uses-two-checklists-to/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [There is evil prowling in the world - it shows up in our movies, video games and online fascinations, and finds its way into…](https://sms4smile.com/quotes/rick-perry/there-is-evil-prowling-in-the-world-it-shows-up-in-our-movies-video/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [Religious freedom does not mean freedom from religion.](https://sms4smile.com/quotes/rick-perry/religious-freedom-does-not-mean-freedom-from-religion/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [We need to stop apologizing for celebrating life. We need to stop apologizing for wanting to protect an individual's right to build a business.](https://sms4smile.com/quotes/rick-perry/we-need-to-stop-apologizing-for-celebrating-life-we-need-to-stop/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [America does not need to be worried with bailing out a European country that has made irresponsible expenditures, and then all of a sudden,…](https://sms4smile.com/quotes/rick-perry/america-does-not-need-to-be-worried-with-bailing-out-a-european/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [It (Social Security) is a Ponzi scheme for these young people. The idea that they're working and paying into Social Security today, that the…](https://sms4smile.com/quotes/rick-perry/it-social-security-is-a-ponzi-scheme-for-these-young-people-the-idea/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [I don't believe man-made global warming is settled in science enough.](https://sms4smile.com/quotes/rick-perry/i-don-t-believe-man-made-global-warming-is-settled-in-science-enough/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [Reforming public education, cutting property taxes, fixing adult and child protective services and funding our budget can all occur when Democrats and Republicans engage…](https://sms4smile.com/quotes/rick-perry/reforming-public-education-cutting-property-taxes-fixing-adult-and/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) [Explore all 219 Rick Perry quotes ](https://sms4smile.com/quotes/author/rick-perry/) ## More America quotes > [The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory…](https://sms4smile.com/quotes/noam-chomsky/the-costs-of-the-bush-obama-wars-in-iraq-and-afghanistan-are-now/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Young men, especially in America, write to me and ask me to recommend “a course of reading.” Distrust a course of reading! People who…](https://sms4smile.com/quotes/andrew-lang/young-men-especially-in-america-write-to-me-and-ask-me-to-recommend-a/) [Andrew Lang](https://sms4smile.com/quotes/author/andrew-lang/) > [Well, The Day the Earth Caught Fire was a story... I don't if anybody knows what it is but it was about... in the…](https://sms4smile.com/quotes/val-guest/well-the-day-the-earth-caught-fire-was-a-story-i-don-t-if-anybody/) [Val Guest](https://sms4smile.com/quotes/author/val-guest/) > [So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…](https://sms4smile.com/quotes/barack-obama/so-here-s-what-i-want-you-to-know-and-here-s-what-i-want-all-our-men/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Today, the world looks to America for leadership. And America looks to its Corps of Marines.](https://sms4smile.com/quotes/ronald-reagan/today-the-world-looks-to-america-for-leadership-and-america-looks-to/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The image of blacks usually is one of people who are suffering from hunger, unemployment, and poverty. The idea of them as agents and…](https://sms4smile.com/quotes/grace-lee-boggs/the-image-of-blacks-usually-is-one-of-people-who-are-suffering-from/) [Grace Lee Boggs](https://sms4smile.com/quotes/author/grace-lee-boggs/) > [ I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. \[salutes\] ](https://sms4smile.com/quotes/bill-hicks/i-ll-smoke-i-ll-cough-i-ll-get-the-tumors-i-ll-die-deal-thank-you/) [Bill Hicks](https://sms4smile.com/quotes/author/bill-hicks/) > [America is a democracy and has no Hitler, but I am afraid for her future; there are hard times ahead for the American people,…](https://sms4smile.com/quotes/albert-einstein/america-is-a-democracy-and-has-no-hitler-but-i-am-afraid-for-her/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [I'm gonna bring America together.](https://sms4smile.com/quotes/donald-trump/i-m-gonna-bring-america-together/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [In the nineteenth century some parts of the world were unexplored, but there was almost no restriction on travel.:; Up to 1914 you did…](https://sms4smile.com/quotes/george-orwell/in-the-nineteenth-century-some-parts-of-the-world-were-unexplored-but/) [George Orwell](https://sms4smile.com/quotes/author/george-orwell/) > [We need a system that serves our needs, not the needs of others. Remember, under a Trump administration it's called America first. Remember that.](https://sms4smile.com/quotes/donald-trump/we-need-a-system-that-serves-our-needs-not-the-needs-of-others/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [America, you're sending girls a mixed message. On one hand, you're saying to have positive body image and love who we are; on the…](https://sms4smile.com/quotes/adora-svitak/america-you-re-sending-girls-a-mixed-message-on-one-hand-you-re/) [Adora Svitak](https://sms4smile.com/quotes/author/adora-svitak/) > [You live overseas, you see these exotic places and you want to know about them. But, weirdly, it also made me homesick for all…](https://sms4smile.com/quotes/ken-jennings/you-live-overseas-you-see-these-exotic-places-and-you-want-to-know/) [Ken Jennings](https://sms4smile.com/quotes/author/ken-jennings/) > [Freedom in every sense but primarily political sense, a rise in repression that stems from a repression of sexuality. 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