Quotes of: Debt-limit Keyword

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts o...

David Malpass

There's no debt limit in the Constitution.

James Surowiecki

Historically, the responsibility for voting on the debt limit has gone to the party in the majority.

Jacob Lew

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's ...

Barack Obama

Limited government, low taxes, controlled spending and debt, and a restrained regulatory environment make Texas work.

Mark McKinnon

I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in ord...

Marco Rubio

Since the debt limit simply accommodates debt that has already been incurred, raising it should, in theory, be perfunctory. But politicians have found it a useful shibboleth for showing their fealty fiscal discipline, even as they vote to ratify the ...

It's Even Worse Than It Looks: How the American Constitutional System Collided With the Politics of Extremism

The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going ...

Donald Trump

The American people reject the idea of giving Washington a blank check to increase the debt limit.

Martha Roby

A world in which government is burdened by historic debt, philanthropy has limited resources, and the private sector is only interested in its own personal gain is simply unsustainable.

Simon Mainwaring

Raising the debt limit on some levels is a ministerial act. It doesn't involve any new spending.

Jacob Lew

But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction.

David Plouffe

Promises make debts, and debts make promises.

Dutch

Promises make debt, and debt makes promises.

Dutch

An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.

Robert Kiyosaki

Historically, the minority party in Congress votes against raising the debt limit, forcing the majority party to whip its members into casting politically painful votes in favor.

Peter Welch

The United States is at a critical juncture in time. Our government is riddled with historic debt, and the limited resources of philanthropic and non-profit efforts cannot meet the scale of social challenges we face with necessary force.

Simon Mainwaring

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

Chaka Fattah

I can tell you if you look at the polls, Democrats, Republicans, Independents, they do not think we should increase the debt limit.

Jim DeMint

President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring...

Mark Zandi

I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.

Jon Huntsman, Jr.