97 ordspråk av Robert Rubin

Robert Rubin

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The president's budget carries forward the economic strategy that has been so central to the strong economic conditions of the past five years, ... This budget preserves the surpluses until we strengthen Social Security, invests in areas that are critical to future productivity and the future of our country, provides for programs that protect and promote our critical economic and national security interests in the global economy, and of absolutely critical importance, this budget keeps us on the path of fiscal discipline that is so central to our economic well being.

The overarching point of the president's economic strategy going forward in the 1999 budget is clear: under no circumstances should we take any steps that will undo the fiscal discipline that we have worked so hard to achieve and has been so central to our strong economy of the last five years.

The surpluses present an enormous opportunity and one that we must not squander, ... We believe that the surpluses should be reserved until Social Security is placed on sound financial footing for the next century. After 2010, the huge baby boom generation will begin retiring which will put increased pressure on Social Security and it was on that basis that we reached the conclusion that nothing should be done with these surpluses until that problem is addressed.

It is important to remember that the fundamentals of the United States economy are strong and have been for the past several years, and the prospects for continued growth, with low inflation and low unemployment, are strong,

This may be the most dramatic, most complicated and most significant economic transformation in modern history.

I would say again now that China could be the largest economy in the world within the next few decades -- though accomplishing that will be no easy task.

I think there is more work to do, and we simply have to all work together and do everything we can to get it done,

A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

is not an easy act to follow.

help restore economic stability where needed.

I believe that, on balance, the (institutions) have made sensible judgments, ... and have adjusted their judgments when appropriate.

considerable progress toward a return to stability.

Here at home, ... while the most likely scenario remains solid growth and low inflation -- subject to the usual ups and downs -- certain sectors have been impacted by the crisis, some because of increased imports and others because of decreased exports. Moreover, problems in the global economy do constitute a risk to all our overall economic well-being.

if it is done right.

These concerns are heightened as we reflect on the financial crisis that has affected so many countries around the world over the past two years,

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