Debt Limit quotes:

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There's no debt limit in the Constitution. -- James Surowiecki
Raising the debt limit on some levels is a ministerial act. It doesn't involve any new spending. -- Jacob Lew
The American people reject the idea of giving Washington a blank check to increase the debt limit. -- Martha Roby
Historically, the responsibility for voting on the debt limit has gone to the party in the majority. -- Jacob Lew
I can tell you if you look at the polls, Democrats, Republicans, Independents, they do not think we should increase the debt limit. -- Jim DeMint
Historically, the minority party in Congress votes against raising the debt limit, forcing the majority party to whip its members into casting politically painful votes in favor. -- Peter Welch
Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures. -- Chaka Fattah
But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction. -- David Plouffe
Households and businesses cut expenses every day. Passing a financial down payment alongside the debt limit sends the right message to the public, and gives members of Congress greater comfort, or cover, depending on your perspective. -- John Sununu
I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with. -- Jon Huntsman, Jr.
President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. -- Mark Zandi
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt. -- Barack Obama
I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter. -- Warren Buffett
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. -- David Malpass
At a time when the GOP is playing games with the debt limit, a member of the Supreme Court is refusing to recuse himself from matters he has a financial interest in, and middle class incomes are stagnant, many want to change the subject. I don't. This was a prank, and a silly one. I'm focused on my work. -- Anthony Weiner
My point is cutting spending shouldn't be reliant on the debt limit though. It's something we have to do. The good news for America is, leaders in both parties, the president, believe that we have to have significant deficit reduction. So the intent is there. And I think what America is going to demand is that our leaders come together. -- David Plouffe
I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road. -- Marco Rubio
Charity is an eternal debt and without limit. -- Pasquier Quesnel
The American people will not tolerate a clean increase in the debt limit. -- John Boehner
It will be a great day when taxpayers keep the money they earned and DC has to hold a bake sale to to raise the debt limit. -- David Burge
I would use the debt limit. I don't want to say - I want to be unpredictable, because, you know, we need unpredictability. Everything is so predictable with our country. -- Donald Trump

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