If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.
quote by Franklin Raines
Submitted by Lucian Velea
Vote! | Copy!
Related quotes
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
quote by Austan Goolsbee
Submitted by Lucian Velea
Vote! | Copy!
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
quote by Timothy Geithner
Submitted by Lucian Velea
Vote! | Copy!
Sadly, the President's budget proposal for the upcoming year once again puts cutting taxes for the wealthiest Americans over addressing our country's severe fiscal problems.
quote by Carl Levin
Submitted by Lucian Velea
Vote! | Copy!
In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.
quote by Giovanni Agnelli
Submitted by Lucian Velea
Vote! | Copy!
Long live the Recession
The steel factory has
stopped to gorge iron ore
Coz due to recession
demand is no more.
Peace of barren mine
Undisturbed by a human kind
Beckons new birds and kine
To stay, populate and dine.
Flowers and Plants flourish
Younglings and saplings are nourished
The beheaded trees bloom
And crazy cuckoos croon
A young bird is building
a nest in the deserted house,
To please and cheer his
expectant spouse.
Far away a flamboyant bird twits,
“Mr.Recession is dead”
Other birds chirp
“Long live the Recession”.
Dr Hitesh C Sheth
27/11/2009
poem by Hitesh Sheth
Submitted by Poetry Lover
Vote! | Copy!
What we do want to see is reforms that are going to have a permanent effect on the budget deficit.
We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.
quote by Rick Perry
Submitted by Lucian Velea
Vote! | Copy!
Audacity of Hope
When the recession of opportunities
Knock downs, towns and cities;
When the flood of tension
Hits alike, huts and mansions;
When anxiety tortures life’s moments
And men wallows in teary torments;
When life is anything but easy
And only head shrinkers seems busy
Then, oh! Men
It is time to stand still
As ancient hills
of indomitable will
Which braves
Fiery storms
And wintry chills:
And your audacious hope
Should strive to climb
steep recession’s slope,
tightly holding
divine grace’s rope
Till in boom
The flood of recession wanes
Clouds of opportunities rains
And mad lives again becomes sane.
Dr Hitesh C Sheth
28/02/2009
poem by Hitesh Sheth
Submitted by Poetry Lover
Vote! | Copy!
I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.
quote by Chris Christie
Submitted by Lucian Velea
Vote! | Copy!
The internal conditions in Iran are worsening in all aspects. Poverty and unemployment are becoming more severe, despite the fact that Iran has turned into a developed and industrialized country.
quote by Moshe Katsav
Submitted by Lucian Velea
Vote! | Copy!
The more severe the pain or illness, the more severe will be the necessary changes. These may involve breaking bad habits, or acquiring some new and better ones.
quote by Peter McWilliams
Submitted by Lucian Velea
Vote! | Copy!
The more severe the pain or illness, the more severe will be the necessary changes. These may involve breaking bad habits, or acquiring some new and better ones.
Peter McWilliams in Life 101
Submitted by Lucian Velea
Vote! | Copy!
Adverse Conditions
Recession.
Depression.
Suppression.
Oppr ession...
And,
Digression.
Which one of these,
Would those chronically hungry and homeless...
Under-employed and those countless unemployed,
Do you believe would accept as a direction...
That least affects their plight?
And...
Hold accountable,
For their adverse conditions with promises...
Over decades that have passed,
That they would prioritize the undoing of them.
'Uh...
Recession?
That seems easier to take when said.
Depression?
That sounds...
Well,
Depressing.
And some folks have been suppressed to digress,
With oppression most of their lives.
To take that away from them would be demoralizing.
I'm sure many of them would feel that way.
Since most of them are seen doing that to themselves,
On a daily basis.'
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
Vote! | Copy!
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
quote by Sarah Palin
Submitted by Lucian Velea
Vote! | Copy!
Body Hammer
I clench my teeth and realize
My world is so near its demise
A dying sun in a poisonous sky
Stinging my eyes
Burning with contempt and conflict
As of now
I am a tool
Of severe impact
I clench my fist and visualize
The blood that is spilled is our own
I open wide my bloodshot eyes
Count the dead
A result of disfunction
Chorus:
As of now
I am a tool
Of severe impact
Hammer down
Cause and effect
And create a new world
Pound
song performed by by Fear Factory from Demanufacture
Submitted by Lucian Velea
Vote! | Copy!
A Far Greater Threat
More of a threat to human existence than the economic recession is the ozone hole in the sky
That scientists claim is growing bigger as the years go by
Caused by carbon emissions that cause Global warming by experts we have been told
The climate is warming even in Lands known to be cold.
Compared to climate change economic recession as a problem seems small
To human existence on the Planet the greatest challenge of all
Is Global warming which we know is Worldwide
Due to our greed for material gain we've put Nature offside.
This World is for us to live in not for to destroy
For the future generation every young girl and boy
We are making life for them harder for our greed they must pay
I hope I am wrong in this though it does seem that way.
The economic recessions they come and they go
And after every recession the economy does grow
But Global warming to humanity is a far greater threat
As it does seem a matter of life and of death.
poem by Francis Duggan
Submitted by Poetry Lover
Vote! | Copy!
Regression Is the Term
Recession?
How about complete retreat,
From telling lies and deception?
Truth?
There is nothing like it!
However...
How is that introduced?
When none of that has ever been exposed!
Who will believe it?
When minds have been overdosed,
And eyes once shown...
Prefer to stay shut and closed!
Recession?
When something has been squeezed,
With nothing else from it to be released?
Regression is the term,
With a valued lesson from it to be learned.
And a life once lived to feed one's greed...
Shall never back to that kind of life
Will one return!
And that has been the diagnosis!
Accept it or not!
Delusions will still remain the choice,
If one should decide on getting a second opinion!
Or a third.
Or perhaps a fourth!
The truth comes without options.
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
Vote! | Copy!
All pain is either severe or slight, if slight, it is easily endured; if severe, it will without doubt be brief.
quote by Marcus Tullius Cicero
Submitted by Lucian Velea
Vote! | Copy!
Death is not only an unusually severe punishment, unusual in its pain, in its finality and in its enormity, but is serves no penal purpose more effectively than a less severe punishment.
quote by William J. Brennan
Submitted by Lucian Velea
Vote! | Copy!
The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.
quote by Martin Feldstein
Submitted by Lucian Velea
Vote! | Copy!