It is clear that the debt limit must be increased. Failure to approve an increase would have dire consequences for government finances and financial markets. Delaying action on an increase until the last possible moment, forcing Treasury to utilize extraordinary measures to avoid a default, is unnecessary and irresponsible. However, under the current fiscal circumstances approving a large-scale increase in the debt limit without a plan to restore fiscal discipline would also be irresponsible.
More Quotes from Robert Bixby:
The deficit is like an unhealthy habit. You can keep doing things you know aren't good for you. You know that somewhere down the road you're going to pay a price. But you keep doing those bad things, anyway.Robert Bixby
In a way, you've left yourself no choice, because the budget, as it turned out, wasn't any better prepared than New Orleans.
Robert Bixby
We're trying to get the message out to people outside of Washington that we have these big challenges in front of us. We definitely want to target the business community. They need to step up to the plate here.
Robert Bixby
This could be one of those fiscal crossroads moments.
Robert Bixby
That would undermine the whole concept of fiscal discipline.
Robert Bixby
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Based on Topics: Debts Quotes, Discipline Quotes, Failure Quotes, Planning QuotesBased on Keywords: approving, delaying, large-scale
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