#fiscal

I don’t know the answer, but I know that the fiscal cliff is real. It can’t be discounted like Y2K fears. In 2008, for the first time in my career, my clients were really scared. We are three years from the bottom of the market, and they’re still scared. “New home construction in our area is picking up, and my client in the business wants to hire more people to handle the demand. But what if the economy falters? He would have to let them go. At 70, he doesn’t have the heart to face that, so he makes do with less. “A New York client in the vending business wants to hire young adults to help him expand his business. If he pays them fifty thousand dollars, it will cost him close to ninety thousand after taxes and mandatory health benefits. It’s just not worth it. “My clients are suffocating under the blanket of excessive regulations, taxes, and the biggest impediment to growth and expansion, uncertainty.” Mac’s voice softened. “My biggest fear is that I don’t have the answer and I don’t know how to help them. ↗

— Marvin H. McIntyre

#fiscal-cliff #politics #thriller-thrillers #business

I think it's absolutely clear that the fiscal path we are on is not sustainable, and for me, the best analogy is these deficits are like a cancer, and over time they will destroy the country from within. ↗

— Erskine Bowles

#analogy #best #cancer #clear #country

My approach to cutting spending as president, is to do a ten percent across the board cut of all federal agencies, and then ask each of my new agency heads to find another ten percent by drilling down. That's what you do in business to come up with approximately 20 percent cuts for the first fiscal year budget. ↗

— Herman Cain

#agencies #agency #another #approach #approximately

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. ↗

— Eric Cantor

#before #deliberately #enable #fiscal #going

If anybody ran a business like that they would be out of business quickly, and Barack Obama's leadership is driving this business, the United States of America, toward a fiscal cliff. ↗

— Chris Christie

#anybody #barack #business #cliff #driving

Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt. ↗

— Ron Fournier

#answer #class #cliff #courage #crisis

It's clear that the medium and long-run fiscal challenges facing the country have to do with the rise of entitlement spending, they have to do with the longer run imbalances that we've created in the structure of the system. ↗

— Austan Goolsbee

#clear #country #created #entitlement #facing

Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world. ↗

— Marcy Kaptur

#budgets #cannot #clean #clean up #continue

Political leaders in Illinois kicked the can down the road, raised taxes, and ignored fiscal realities. Now, they're realizing the consequences of their actions: credit downgrades and negative outlooks. ↗

— Scott Walker

#consequences #credit #down #down the road #fiscal

I know there's a great deal that Arnold Schwarzenegger could teach me about making movies. There's a great deal I could teach him about the fiscal reforms that are needed - desperately needed - to set California back in good order. ↗

— Tom McClintock

#arnold #arnold schwarzenegger #back #california #could