Debt Reduction Quotes & Sayings

Let's adopt some short-term strategies to get growth going and then let's have a long-term debt reduction package. That's what I think we should do and I think it will work. — William J. Clinton

People from the world's richest countries should be prepared to accept the burden of debt reduction for heavily indebted poor countries, and should urge their leaders to fulfill the pledges made to reduce world poverty, especially in Africa, by the year 2015. — Pope Benedict XVI

President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission. — William J. Clinton

For the past three years, the CIVIX Student Budget Consultation has helped us to better understand the most pressing national issues for young Canadians. I am delighted to note that on key issues, such as balancing the budget, debt reduction, and lowering taxes, we stand in step with the thousands of students who participated in this initiative from coast to coast to coast. I want to thank the students and teachers for investing their time and energy in this worthwhile initiative. Their enthusiastic participation inspires great hope for Canada's future. — Kevin Sorenson

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

In general, the deployment of austerity as economic policy has been as effective in bringing us peace, prosperity, and crucially, a sustained reduction of debt, as the Mongol Golden Horde was in furthering the development of Olympic dressage. — Mark Blyth

Well, as I said, you know the issue of Greek debt, they've grasped the principle of debt reduction. I think most people would argue that probably more needs to be done on that front, and they've just begun to take the first steps to accepting that there's going to have to be much closer economic integration in Europe. — Vince Cable

Detroit had an accumulated debt of $20 billion, including a $9 billion debt with the public workers pension plans. The fact Puerto Rico and Detroit, showcased many similarities, led to speculation about the real possibility of the island's fiscal collapse. In Puerto Rico's case, at that point, the debt amounted to $71.3 billion and the local economy's structural problems were very similar to those in Detroit. The effects of the end of Section 936 in the island, the eventual economic stagnation, and the public debt, professional's emigration, and the continued reduction of the tax base have generated a sort of spiral fall. — Gustavo Velez

The merits of deeper debt cancellation, when accompanied by conditions of accountability and transparency on the part of recipient countries, have been shown to generate much needed resources for health, education and poverty reduction for some of the world's poorest people. — John Ricard

When did atheists become so evangelical? I mean, if you don't believe something to be true, wouldn't you just ignore it? That's certainly what I do. Whether it's leprechauns or a congressional debt reduction plan - if I'm convinced it's fiction, I simply put it out of my mind. Not the atheists. They are obsessed with faith and religious practice. Their identities and their works are one big reaction to that which they hate. No longer content to simply dismiss God and those who follow in Him, the New Atheists have created a cult of unbelief. — Laura Ingraham

My point is cutting spending shouldn't be reliant on the debt limit though. It's something we have to do. The good news for America is, leaders in both parties, the president, believe that we have to have significant deficit reduction. So the intent is there. And I think what America is going to demand is that our leaders come together. — David Plouffe

I think we ought to ban earmarks. I think we ought to give citizens the opportunity to designate up to 10 percent of their federal income tax toward debt reduction. If we did that, we would reduce our debt by $95 billion a year. — Carly Fiorina

The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs. — George Soros