The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.
You know, we have a fiscal train wreck before us. And unless we act, and act deliberately, we're not going to enable our kids to have what we have. It's plain and simple as that.
The budget does not adequately fund important domestic programs, promotes tax cuts to the detriment of other priorities and does little to put our nation's fiscal house in order.
As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.
Nigeria, with the oil sector, had the reputation of being corrupt and not managing its own public finances well. So what did we try to do? We introduced a fiscal rule that de-linked our budget from the oil price.
I am a Republican. I'm loyal to the party of Abraham Lincoln and Theodore Roosevelt. And I believe that my party, in some ways, has strayed from those principles, particularly on the issue of fiscal discipline.
In the wake of Hurricanes Katrina and Rita, our nation has been put under considerable fiscal pressure.
Literally every department of state government has gone through, or is in a period of, chaos. Not just fiscal chaos, but certainly as we saw in the Department of Children and Family Services and State Fair Agency and many of Walker's departments, there is absolute chaos.
As a fiscal conservative, I think that our government should pay for itself.
It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.
Even in a time of fiscal austerity, education is more than just an expense.
The big winners under the American fiscal system are the rich, who pay some of the lowest taxes anywhere in the world; the old, who are the main beneficiaries of the American social service state; farmers, rural people. These are Republican constituencies.
The President must stop gambling with taxpayers' money and get the country back on the path of fiscal sanity.
It's time for the sensible center to rise up and push for a rational approach to our fiscal challenges.
While restoring a sense of fiscal discipline to Congress is a top priority, infrastructure spending is an important and necessary task of government. Our nation's long-term debt requires us to prioritize and economize with every tax dollar.
But in this Congress, accountability is just a catch phrase, usually directed elsewhere. Demands to personal responsibility or corporate accountability abound, but rarely congressional accountability or fiscal responsibility.
Let's push the Pentagon off the fiscal cliff.
The country is facing a fiscal crisis, and the United States Senate is at the center of the debate about how to bring federal spending under control.
I think growing an economy is a good way to help with a deficit, but ultimately, it's about fiscal discipline and responsible spending - and smart decisions.
I am personally convinced - and I think the Greek people share this belief in a fundamental way - that we can achieve fiscal consolidation more effectively and we can restore competitiveness in a more fundamental and permanent way within the euro area than outside.
Caution, not exuberance, should be our fiscal motto.
We in Scotland need fiscal responsibility. Quite simply, we need to be responsible for what we raise in tax and what we spend in tax.
I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth.
Now make no mistake, I think we need a strong dose of fiscal conservatism in Washington, D.C.
The idea seems to be to use the next treaty talks to strike a grand bargain: Britain will be helpful to those states wishing to establish a fiscal union among themselves if, in exchange, we can amicably derogate from the aspects of the EU which we dislike.
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
Restoring responsibility and accountability is essential to the economic and fiscal health of our nation.
If we're going to win this battle over fiscal responsibility, we need more of the people who vote right and fewer of those whose seniority is their only selling point.
In the end, the politics of the euro zone weren't strong enough to create a fully integrated fiscal union with a common banking system, etc.
I think there is a shared sense of urgency in Washington on fiscal issues.
My background in financial services and my experience as a state representative have given me the ability to identify our country's fiscal problems and find steps to remedy them.
The American people know what's necessary to get this economy moving again. It's fiscal discipline in Washington, D.C. and across-the-board tax relief for working families, small businesses and family farms.
We have major fiscal problems on our hand.
The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.
Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.
