"Nobody wants to put the creditworthiness of..." - Quote by Barack Obama
Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.
More by Barack Obama
“Any strategy to reduce intergenerational poverty has to be centered on work, not welfare--not only because work provides independence and income but also because work provides order, structure, dignity, and opportunities for growth in people's lives.”
“A change is brought about because ordinary people do extraordinary things.”
“It's time to put country ahead of party. It's time to put the next generation ahead of the next election.”
More on National Debt
“Alexander Hamilton started the U.S. Treasury with nothing, and that was the closest our country has ever been to being even.”
“Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.”
“Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.”
More on Economy
“America can't provide health care to people who need it. We can't invest in science and technology, which will determine whether or not we are going to be competitive in the long term. There has never been a country on Earth that saw its economy decline and yet maintained its military superiority.”
“The Federal Government is the people and the budget is a reflection of their need.”
“It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over government itself. They created a new despotism and wrapped it in the robes of legal sanction. ...And as a result the average man once more confronts the problem that faced the Minute Man.”