GDP Quotes - page 2
I am very liberal on social issues, but I don't believe we can have personal liberty, which is what that means, without having economic liberty. We have economic tyranny when you add in Obamacare, we have about 50 percent of the U. S. GDP in the public sector. That means that you have a tyrannical and overregulating, and politicized economy, not a market economy, not the invisible hand.
Scott McNealy
In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government.
Paul Ryan
To be young and aware is to suspect that, in the end, the debate about climate action isn't about substance, but about rich old men trying to squeeze every last dollar, euro, and yen from their investments in outdated industries. It is to agree with the environmentalist Paul Hawken that we have an economy that steals the future, sells it in the present, and calls it GDP. It is to begin to see your elders as cannibals with golf clubs.
Alex Steffen
Reports show that the combined Gross Domestic Product of forty-eight countries is less than the wealth of the three richest people in the world. Fifteen billionaires have assets greater than the total national income of Africa, south of the Sahara. Thirty-two people own more than the annual income of everyone who lives in South Asia. Eighty-four rich people have holdings greater than the GDP of China, a nation with 1.2 billion citizens.
Ken Coates
This is where I would like to bring up the subject of equity. Economic statistics show that although there has been GDP growth over the past 23 years, the number of families living in poverty has increased - up to about 5 million families or 27.6 million people. This demonstrates that benefits of that growth have accrued to the wealthy. The rich have gotten richer and the poor have gotten poorer. This is clearly unacceptable to all of us.
Francis Escudero
The President's proposed budget for FY 2015 under the N.E.P. or the National Expenditure Program amounts to P2.606 trillion, reflecting an increase of P341.372 billion or 15.07% higher than the Fiscal Year 2014 budget. It is anchored on a real GDP projection of 7-8%, an inflation rate of 2-4%, 364-day T-Bill rate of 2-4%, and a foreign exchange rate of P42-45 to the dollar.
Francis Escudero
The question is: How do we reduce spending from 25% of GDP, which is where Obama put us? The focus is on total government spending. Can we bring it down, in a reasonable and politically acceptable way? That's what the Paul Ryan plan does. It puts us on a gradual reform path to reducing the size of government.
Grover Norquist
GDP! The right concept of economy-wide output, accurately measured. The U.S. and the world rely on it to tell where we are in the business cycle and to estimate long-run growth. It is the centerpiece of an elaborate and indispensable system of social accounting, the national income and product accounts. This is surely the signal innovative achievement of the Commerce Department in the 20th century. I was fortunate to become an economist in the 1930's when Kuznets, Nathan, Gilbert, and Jaszi were creating this most important set of economic time series. In economic theory, macroeconomics was just beginning at the same time. Complementary, these two innovations deserve much credit for the improved performance of the economy in the second half of the century.
Simon Kuznets
In the 1990's, we had the largest cut in government spending as a share of GDP in the history of the U.S. In the 1990's, we were doing free trade, we passed NAFTA, we went through there. We were for lowering interest rates and controlling money far better. And we weren't regulating nearly as much. We had welfare reform and all of those wonderful things. We had the biggest tax cut in our nation's history. Any comparison between today and the 1990's, it's totally inappropriate. Bill Clinton, as bad a person as he was, was a good president.
Arthur Laffer
The world's second-richest person called on Washington policymakers to adopt fundamental reforms on such costs to address what he called a "national emergency."
He said health care eats up 17 percent of U.S. gross domestic product, at a time when many other countries pay only nine or 10 percent of GDP but have more doctors, nurses and hospital beds per capita.
"It's like a tapeworm eating at our economic body," Buffett said on CNBC television.
"If it was a choice today between Plan A, which is what we've got, or Plan B, which is the Senate bill, I would vote for the Senate bill," he said. "But I would much rather see a Plan C that really attacks costs, and I think that's what the American public wants to see."
Rising costs, Buffett said, are holding back an economy that faced an "economic Pearl Harbor" in late 2008 when capital markets seized up.
Warren Buffett
