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Crosses Quote by Stephen Harper

“I know economists will say well, we could run a small deficit but the problem is that once you cross that line as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control.” quote by Stephen Harper
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“I know economists will say well, we could run a small deficit but the problem is that once you cross that line as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control.”

Stephen Harper

About This Quote

Source Speech: Economic policy address, 2022

Warns that once a deficit surpasses a critical threshold, fiscal discipline erodes, leading to uncontrolled debt growth.

In simple terms: Deficits can spiral if not checked.

Key Takeaway

Implement fiscal rules to limit deficits.

Themes

fiscal policy deficits government spending economics budget

Mood

cautious analytical

Type

policy economic.

When to use this quote

  • budget planning
  • legislative budgeting
  • tax policy
  • public debt management

Key Concepts

public finance macroeconomic stability policy constraints

Questions to Reflect On

  • What mechanisms can enforce fiscal discipline?
  • How to balance social needs with debt limits?
A Different Perspective

Political pressures may prioritize short‑term spending over long‑term stability.

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