Echo From An Empire

  

  

This is just fascinating:

 

“The U.S. must reduce its record budget deficit as soon as the economy returns to a sustainable growth rate without relying on government assistance.”

“Americans understand that we have to go back to living within our means as a country,” he said in an interview broadcast today on CNBC. “When we have an economy that’s growing again and we get unemployment down, we’re going to have to bring those deficits down.”

“That’s why deficits matter. That’s why deficits in the end can be very damaging to growth,” he said. “That’s why you cannot live with future deficits as large as ours are likely to be.”

 timothy-geithner

 

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury Secretary Timothy Geithner.

2009 AC.

 

 

 

 

 

 

“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and assistance to foreign lands should be curtailed lest we become bankrupt. People must again learn to work, instead of living on public assistance.”

cicero

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Roman philosopher, poet, lawyer and politician Marcus Tullius Cicero.

55 BC.

 

 

 

 

 

 

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