"Cutting the deficit by gutting our investments..." - Quote by Barack Obama
Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine. It may make you feel like you're flying high at first, but it won't take long before you feel the impact.
More by Barack Obama
“Weapons of war have no place on our streets.”
“I actually think, when you're young, ambitions are somewhat common - you want to prove yourself. It may grow out of different life experiences. You may want to prove that you are worthy of the admiration of the demanding father. You may want to prove that you are worthy of the love of an absent father.”
“Suppressing ideas never succeeds in making them go away.”
More on Fiscal Policy
“In order to make the tough decisions we have to know what our values are and who we're fighting for and our priorities and if we are spending $300 billion on tax cuts for people who don't need them and weren't even asking for them, and we are leaving out health care which is crushing on people all across the country, then I think we have made a bad decision and I want to make sure we're not shortchanging our long term priorities.”
“The size of the federal budget is not an appropriate barometer of social conscience or charitable concern.”
“No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.”
More on Investment
“Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.”
“The dumbest reason in the world to buy a stock is because it's going up.”
“I'm going to retain a lot of Microsoft's stock.”