Phrase by 'David Malpass'
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When Congress legislates in haste, it often causes more problems than it solves. But Congress rarely reconsiders its mistakes.
Author: David Malpass - American EconomistMore , Problems , Mistakes , Congress
To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.
Author: David Malpass - American EconomistWrong , Stop , Win , Government
While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and forcing many unprofitable business decisions without the risk that it will be fired.
Author: David Malpass - American EconomistBusiness , Challenges , Service , Partner
Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.
Author: David Malpass - American EconomistMoral , Legal , Pause , Politicians
Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.
Author: David Malpass - American EconomistChildren , Better , America , Faith
The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt.
Author: David Malpass - American EconomistName , Purpose , Failure , Law
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