Quotes for All
Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013. … Read more
The success of our economy has always depended not just on the size of our gross domestic product, but on the reach of our prosperity; on the ability to extend opportunity to every willing heart – not out of charity, but because it is the surest route to our common good. Barack Obama
World military spending has now risen to over $1.2 trillion. This incredible sum represents 2.5 per cent of GDP (global gross domestic product). Even if 1 per cent of it were redirected towards development, the world would be much closer to achieving the Millennium Development Goals. Ban Ki-moon
In India, 100 of the richest people own assets worth 25% of the gross domestic product. There’s something terribly wrong. No individual and no corporation should be allowed to amass that kind of unlimited wealth, including bestselling writers like myself, who are showered with royalties. Arundhati Roy
Housing has led our nation’s economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005. Randy Neugebauer