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Money (page 34)
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"We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage"
John W. Snow, Economist
"We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy"
John W. Snow, Economist
"We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid"
John W. Snow, Economist
"No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax"
Joe Biden, President
"No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security"
Joe Biden, President
"In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster"
Joe Biden, President
"I support immediate financial assistance to the newly elected Palestinian president. Now, I don't know what those numbers will be, and I don't know how it's going to be framed"
Joe Biden, President
"The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year"
John W. Snow, Economist
"Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole"
John W. Snow, Economist
"Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check"
John W. Snow, Economist
"I think we'll build a consensus for action on Social Security reform, which will reduce that long-term unfunded obligation and put the system on a sustainable basis"
John W. Snow, Economist
"But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation"
John W. Snow, Economist
"I want to give producers more financial security"
Estelle Morris, Politician
"The first thing you need to run for President is a budget of around $20 million dollars a day"
Rob Walton, Athlete
"Sudden money is going from zero to two hundred dollars a week. The rest doesn't count"
Neil Simon, Playwright
"Money brings some happiness. But after a certain point, it just brings more money"
Neil Simon, Playwright
"I mean, price is price. It's just where you want to spend your money"
Rob Walton, Athlete
"I cannot separate the finances of India from those of England. If the finances of the Indian Government receive any severe and irreparable check, will not the resources of England be called upon to meet the emergency, and to supply the deficiency?"
Richard Cobden, Businessman
"When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'"
Joe Biden, President
"On recovering my senses, I hastened to quit a place where I hoped there was nothing further to detain me. I first filled my pockets with gold, then fastened the strings of the purse round my neck, and concealed it in my bosom"
Adelbert von Chamisso, Poet
"I have often noticed that the need for cash and the production of a masterpiece just don't coincide with me. Money will hit me at a big off-period and genius will hit me in starvation, that is, I often get the money when I don't think I deserve it and have been lolling around for days and days thinking the most abysmal thoughts"
Bessie Head, Writer
"I am obligated and I will pay hundreds of millions of dollars in taxes to the American government. I already paid and I will keep paying whatever taxes I owe based on my time as a U.S. citizen"
Eduardo Saverin, Entrepreneur
"If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war"
Marc Faber, Businessman
"We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control"
Wu Yi, Politician
"We will pay any price that we are instructed to. But the money has to come from somewhere"
Jerry Kramer, Athlete
"My major task was to keep us solvent"
Cheryl Crawford, Actress
"Worm or beetle - drought or tempest - on a farmer's land may fall, Each is loaded full o' ruin, but a mortgage beats 'em all"
Will Carleton, Poet
"Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world"
Marcy Kaptur, Politician
"I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down"
Christina Romer, Economist
"One poll shows that by 61 percent to 29 percent, Americans under 40 say that Social Security needs to be fixed"
Virginia Foxx, Politician
"We know well enough that if we repeal this law and give nothing for it, the people of this country will regard it as a total demonetization of silver, which it will be, so far as this Congress is concerned, without any question"
Richard Parks Bland, Politician
"Clearly, we need to have the very best advice and counsel on what actions can be taken to help lower the cost of gasoline"
Jeff Bingaman, Politician
"An honest money system is the only alternative"
Frederick Soddy, Scientist
"If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession"
Franklin Raines, Businessman
"Because the truth is our wages are really competitive and they're good"
Lee Scott, Businessman
"We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus"
John Spratt, Politician
"We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid"
John Spratt, Politician
"What is the biggest public forum in the United States? We were told it's the Super Bowl. The ad shows kids working at blue-collar jobs, and the final statement is just written text: Who's going to pay for the trillion dollar deficit?"
Joan Blades, Businessman
"As a private lawyer, I could bill $750 an hour, but I don't"
Jay Alan Sekulow, Lawyer
"I didn't get paid. I didn't even care that I didn't get paid"
Ray Conniff, Musician
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