Quotes & Sayings About Federal Budget

The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security. — Sherrod Brown

A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future. — Peter Schiff

To cut the federal budget without cutting entitlements is like giving up chocolate-chip cookies and then deciding it's OK to eat the ones that don't have any nuts. — Timothy Noah

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget. — Elizabeth Warren

Every bit of money that we can bring from our federal transportation budget in Washington back here to Stewart Airport will benefit our local economy and our local residents. — Sue Kelly

The American people say, 'Don't touch Social Security, don't touch Medicare, don't cut defense.' That's 84 percent of the federal budget. — Kent Conrad

But the real reasons why scientists promote accommodationism are more self-serving. To a large extent, American scientists depend for their support on the American public, which is largely religious, and on the U.S. Congress, which is equally religious. (It's a given that it's nearly impossible for an open atheist to be elected to Congress, and at election time candidates vie with one another to parade their religious belief.) Most researchers are supported by federal grants from agencies like the National Science Foundation and the National Institutes of Health, whose budgets are set annually by Congress. To a working scientist, such grants are a lifeline, for research is expensive, and if you don't do it you could lose tenure, promotions, or raises. Any claim that science is somehow in conflict with religion might lead to cuts in the science budget, or so scientists believe, thus endangering their professional welfare. — Jerry A. Coyne

The Concord Coalition in Virginia complained about pork projects and wasteful spending in the federal budget. Consider the Senate chaplain's salary. As occupations go, only mind readers in Los Angeles have fewer things to do all day. — Argus Hamilton

Innovations in science and technology are the engines of the 21st-century economy; if you care about the wealth and health of your nation tomorrow, then you'd better rethink how you allocate taxes to fund science. The federal budget needs to recognize this. — Neil DeGrasse Tyson

The entire federal budget for landslide research is $3.5 million a year - far less than the property value lost on a single day when 17 mansions slid down a hill in 2005 in Laguna Beach, Calif. — Bill Dedman

It was my privilege to serve with Paul Ryan in the House and on the Ways and Means Committee. Ryan's vast experience and bold, reform-minded ideas were always evident. His knowledge of the federal budget is widely recognized. — Bob Beauprez

Most of all, however, critics of black conservatives say we've forgotten where we came from. I may forget a federal budget number or, God forbid, to set the alarm clock for my weekly 6 a.m. flight to Washington, but I know exactly where I came from. — J. C. Watts

The size of the federal budget is not an appropriate barometer of social conscience or charitable concern. — Ronald Reagan

On Capitol Hill, the Republican-controlled House voted mostly along party lines tonight to pass President Bush's federal budget blueprint. This includes his big tax cut plan, partly bankrolled, critics say, through cuts in many federal aid programs for children and education. — Dan Rather

We're facing a natural disaster in the middle of an economic disaster. The federal government has to balance its budget the way our families do. — Nan Hayworth

Louisiana's fiscal troubles can be traced to the economic boom that followed Hurricane Katrina in 2005, when rebuilding efforts, insurance payouts and federal money pushed cash into the state budget. Many lawmakers expected the heady times and increased revenue to last, and they made the bold decision to cut income taxes by roughly $700 million annually for the highest brackets - a decision some are now second-guessing. — Anonymous

Since you (US "drug tsar" McCaffrey) control a federal budget that has just been increased from $17.8 billion last year to $19.2 billion this year, is asking people like you if we should continue with our nation's current drug policy like a person asking a barber if one needs a haircut? — James P. Gray

In 1962, President John F. Kennedy said, "Our true choice is not between tax reduction on the one hand and avoidance of large federal deficits on the other; it is increasingly clear that no matter what party is in power, as long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance the budget - just as it will never produce enough jobs or enough profits. In short, the paradoxical truth is that the tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now. — Ronald Reagan

People need to remember that to balance the federal budget off the backs of the poorest people in the country is simply unacceptable. You don't pull feeding tubes from people. You don't pull the wheelchair out from under the child with muscular dystrophy. — Mike Huckabee

We must go through every area of the federal budget to isolate waste and abandoned projects. — James Lankford

The Federal Government is the people and the budget is a reflection of their need. — John F. Kennedy

States were barred from financing their immigration systems with specific taxes on immigrants and transportation companies, leaving the continued existence of these state institutions to the general state fisc or the generosity of private charitable organizations interested in immigrant welfare and integration. The resource strain on states and charitable organizations placed enormous pressure on Congress to enact federal law. — Pratheepan Gulasekaram

I get a headache when I hear supporters of this endless warfare complaining about the federal budget deficits. They're like arsonists complaining about the smell of smoke in the neighborhood. — Bob Herbert

Romney has adopted almost every position conservatives want their candidate to espouse: He's pro-life, he wants to repeal ObamaCare, he wants to cut taxes and cut the federal budget, and he wants an unapologetic foreign policy dedicated to the proposition that this too will be the American century. — John Podhoretz

The term 'cost shifting,' as I use it, refers to those items in a university's budget that used to be reimbursed by the federal government but are no longer paid for by them. — Charles Vest

It [1991 Federal budget] contains almost 190,000 accounts. At a rate of one per minute, eight hours a day, it would take over a year to reflect upon these! — Richard Darman

Most people don't realize that two-thirds of the federal budget is Social Security, Medicare, Medicaid, and the Pentagon. The U.S. government is an insurance company with an Army. — Scott Pelley

A tax cut means higher family income and higher business profits and a balanced federal budget ... As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance. — John F. Kennedy

If we stuck to the Constitution as written, we would have: no federal meddling in our schools; no Federal Reserve; no U.S. membership in the UN; no gun control; and no foreign aid. We would have no welfare for big corporations, or the "poor"; no American troops in 100 foreign countries; no NAFTA, GAT, or "fast-track"; no arrogant federal judges usurping states rights; no attacks on private property; no income tax. We could get rid of most of the agencies, and most of the budget. The government would be small, frugal, and limited. — Ron Paul

Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It's fair. — Gary Johnson

We need to replace hyperbole with a reasonable, informed discussion about how to reinvent the federal budget with more transparency and better accountability. — Mike Quigley

If Congress is unable to do its job and pass a federal budget, then I do not believe we should receive a salary. — David Valadao

Polls show that Americans significantly overestimate the percentage of the federal budget allocated to foreign aid. In November 2013, a Kaiser Family Foundation survey found that, on average, Americans believe that 28 percent of the federal budget is spent on foreign assistance, and more than 60 percent of people say that's too much. But in reality we spend less than 1 percent of the budget on foreign aid. — Hillary Rodham Clinton

The federal government cannot maintain a budget surplus any more than an alcoholic can leave a fresh bottle of whiskey untouched in the cupboard. — Ron Paul

With respect to drugs, you know, there are a lot of organizations, including an enormous budget and an army at the federal government level that tries to deal with the drug problem. — Burke Marshall

The Bush Administration claims there is a Social Security crisis only to distract Americans from its serious mismanagement of the federal budget. — Mark Dayton

And every year the Pentagon bite of the federal dollar got bigger and bigger. In Reagan's eight years in office, military expenditure doubled from around $150 billion to $300 billion a year, until it represented nearly 30 percent of our overall annual budget and more than 6 percent of GDP. — Rachel Maddow

For DeHaven it was well worth the extra money to a federal budget that had always allocated more to war than it ever did to peaceful purposes. For a fraction of the cost of one missile he could purchase on the open market every work the library needed to round out its rare books collection. Yet politicians believed that missiles kept you safe, whereas actually books did, and for a simple reason. Ignorance caused wars, and people who read widely were seldom ignorant. — David Baldacci

American's greatest deficit is no longer found in the federal budget. It is a moral deficit, and it may be found in a polluted and poisoned culture that has become the great enemy within. — Pat Buchanan

Thanks to decades of accumulated federal budget deficits and, more significantly, imprudent Medicare and Social Security policies, we've stolen almost $60 trillion from our children. — Steven Rattner

the United States will need substantially more revenues to close the budget deficit, especially recognizing the need to increase federal spending in certain critical areas. I — Jeffrey D. Sachs

It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise. — Craig L. Thomas

The outlook for the Federal budget is bleak. — Doug Elmendorf

Unfortunately, the (budget) does not ... help Congress reform such programs as Medicaid and Medicare, which both grow at average rate of around 8 percent each year through 2015 and will continue to eat up more of the total federal budget. — John Cornyn

Additional federal studies are under way to see if any contamination reaches taps or ground water used for drinking, but the program under which they are conducted, the toxic substances hydrology program of the geological survey, is slated to be eliminated under budget cuts proposed by the Bush administration, government officials said ... estrogens and similar compounds are increasingly the focus of research by the Environmental Protection Agency and many scientists because of hints that they alter sexual characteristics in fish and other aquatic species. — Andrew Revkin

Marriage equality - I think that it's a constitutionally guaranteed right. Let's end the drug wars. Let's balance the federal budget, and that means reforming the entitlements - Medicaid, Medicare. — Gary Johnson

Think of renovating a house like operating the federal government. You start with a budget and the revenue to finance it. Then the special interests keep adding items to the list; you have to end the war between the interior decorator and the electrician, so you pump in more money to buy peace; and by the time you're done, you're $16 trillion in debt and having to borrow money from the Chinese. — Billy Crystal

Obama's Democrats have become the part of no. Real cuts to federal budget? No. Entitlement reform? No. Tax reform? No. Breaking the corrupt and fiscally unsustainable symbiosis between public-sector unions and state governments? Hell no. — Charles Krauthammer

What would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together - stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government. — John Stossel

Spending on programs such as national defense and funding the operating budgets of all federal agencies represent only 39 percent of our yearly budget, an all-time low. — Paul Gillmor

The latest Congressional Budget Office figures show that the top 1 percent of income earners in the United States paid 39 percent of federal income taxes while earning 18 percent of pretax income and the top 5 percent of income earners paid 61 percent of federal income taxes while earning 31 percent of pretax income. Indeed, the top 40 percent of income earners paid 99.4 percent of federal income taxes. The bottom 40 percent of income earners paid no federal income tax and received 3.8 percent from the tax system. And the middle 20 percent of income earners pay only 4.4 percent of federal income taxes.3 — Mark R. Levin

The poor have been sent to the front lines of a federal budget deficit reduction war that few other groups were drafted to fight ... — Marian Wright Edelman

I think to balance the budget, probably every federal department has to take cuts in my opinion. — David H. Koch

The [EU] Council of Ministers will have far more power over the budgets of member states than the federal government in the United States has over the budget of Texas. — Jean-Claude Trichet

My approach to cutting spending as president, is to do a ten percent across the board cut of all federal agencies, and then ask each of my new agency heads to find another ten percent by drilling down. That's what you do in business to come up with approximately 20 percent cuts for the first fiscal year budget. — Herman Cain

Practically overnight the budgets of federal law enforcement agencies soared. Between 1980 and 1984, FBI antidrug funding increased from $8 million to $95 million.73 Department of Defense antidrug allocations increased from $33 million in 1981 to $1,042 million in 1991. During that same period, DEA antidrug spending grew from $86 to $1,026 million, and FBI antidrug allocations grew from $38 to $181 million.74 By contrast, funding for agencies responsible for drug treatment, prevention, and education was dramatically reduced. The budget of the National Institute on Drug Abuse, for example, was reduced from $274 million to $57 million from 1981 to 1984, and antidrug funds allocated to the Department of Education were cut from $14 million to $3 million.75 — Michelle Alexander

The GAO just released a report that said 22 percent of federal programs fail to meet their objectives. The truth is we don't know how taxpayer money is spent in Washington, D.C., which is why I think we ought to put every agency budget up on the Internet for everyone to see. — Carly Fiorina

I learned everything I ever need to know about questioning artful dodgers by covering the most artful of them all, Ronald Reagan. For Reagan, performance was as much a part of governing as understanding the details of the federal budget. — Andrea Mitchell

Food safety oversight is largely, but not exclusively, divided between two agencies, the FDA and the USDA. The USDA mostly oversees meat and poultry; the FDA mostly handles everything else, including pet food and animal feed. Although this division of responsibility means that the FDA is responsible for 80% of the food supply, it only gets 20% of the federal budget for this purpose. In contrast, the USDA gets 80% of the budget for 20% of the foods. This uneven distribution is the result of a little history and a lot of politics. — Marion Nestle

Those who analogize the federal budget to a family's budget must know nothing about either. — Robert Reich

There's a phrase that critics of economic forecasting like to use: Give an economist a result you want, and he'll find the numbers to justify it. This entire city is filled with number crunchers who look at the exact same data and interpret it in widely disparate ways on everything from the federal budget deficit to the Social Security surplus." "Meaning that data can be manipulated." "Of course it can, depending on who's paying the meter and whose political agenda is being furthered, — David Baldacci

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget. — Matt Taibbi

If the US Government was a family - they would be making $58,000 a year, spending $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand. — Dave Ramsey

The Republican Party is terrific at determining how a program will impact the federal budget, but we're not nearly as good as the Democrats in explaining to people how our agenda will directly benefit them and their families. — J. C. Watts

I think we should balance the federal budget tomorrow. I'm optimistic. I think Americans are optimistic. We went to the moon; we can balance the federal budget. — Gary Johnson

We thank those Senators, both Republican and Democrat, who stood firm against tremendous pressure from the Bush administration, pro-drilling members of Congress and their allies in the oil industry. They recognize that the budget is an inappropriate place to decide controversial national policy matters like America's energy policy. We urge all members of Congress to remain steadfast in their belief that the vast, unspoiled wilderness of America?s Arctic National Wildlife Refuge is more than a line item in the Federal Budget. — Carl Pope

Now scarcely a week goes by without a news story about the cops swooping down on some adolescent prowler who is as skilled at breaking into computer systems as defense contractors are at breaking into the Federal budget. — Russell Baker

Three-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were a private person to do the same thing, we'd call it theft. When government does it, we euphemistically call it income redistribution, but that's exactly what thieves do - redistribute income. Income redistribution not only betrays the founders' vision, it's a sin in the eyes of God. — Walter E. Williams

The legions of reporters who cover politics don't want to quit the clash and thunder of electoral combat for the dry duty of analyzing the federal budget. As a consequence, we have created the perpetual presidential campaign. — Hugh Sidey

[The US] budget is dominated by the retirement programs, Social Security and Medicare - loosely speaking, the post-cold-war federal government is a big pension fund that also happens to have an army. — Paul Krugman

One of the issues that we professional newspaper columnists are required by union regulations to voice grave concern about is the federal budget deficit, which we refer to as the "mounting" deficit, because every extra word helps when you have to produce a certain number of gravely concerned newsprint inches. — Dave Barry

Until the 1930s, the Constitution served as a major constraint on federal economic interventionism. The government's powers were understood to be just as the framers intended: few and explicitly enumerated in our founding document and its amendments. Search the Constitution as long as you like, and you will find no specific authority conveyed for the government to spend money on global-warming research, urban mass transit, food stamps, unemployment insurance, Medicaid, or countless other items in the stimulus package and, even without it, in the regular federal budget. — Robert Higgs

The federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal.
Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both. — Robert Reich

The Islamists had control over territory that was about half the size of the Federal Republic of Germany. For years, we have been putting the lives of our troops on the line, we have taken huge losses and the Europeans cut the budget? If money is more important than the lives of our children, what else is this than the usual arrogance and superficiality? And where is all this terror coming from? It is a result of mistakes the West committed in Pakistan and Afghanistan in the 1980s, when they armed the Islamic rebels against the Soviet troops. — Yoweri Museveni

The Federal Budget can and should be made an instrument of prosperity and stability, not a deterrent to recovery. — John F. Kennedy

The federal budget deficit is the biggest single impediment to revitalizing the American economy. — Alice Rivlin

Let's abolish the IRS, let's eliminate income tax, let's eliminate corporate tax, let's balance the federal budget, and if we need a tax, it can be one federal consumption tax. — Gary Johnson

During the twentieth century, however, the size, scope, and power of government exploded. Total government spending increased from 6.73 percent of GDP in 1906 to 37.79 percent of GDP in 2014.[2] The dollar has lost more than 95 percent of its value due to the inflationary policies of the Federal Reserve. Top marginal income tax rates have been as high as 94 percent. Entitlement programs now constitute more than 60 percent of the federal budget. And businesses are hog-tied by more than 175,000 pages of red tape in the Code of Federal Regulations. What — Michael Dahlen

Cutting PBS support (0.012% of budget) to help balance the Federal budget is like deleting text files to make room on your 500Gig hard drive — Neil DeGrasse Tyson

The Congressional Budget Office tells us that Medicare spending has increased fivefold in the past 42 years, dramatically more than all other categories of federal spending. — David Limbaugh