Fiscal Quotes. QuotesGram

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.

Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world.

My hope is that people begin to understand what the fiscal realities are - how economic virtue differs from political virtue - and develop a realization of their individual economic philosophy in comparison to their perceived political ideology.

Even in a time of fiscal austerity, education is more than just an expense.

The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.

The big winners under the American fiscal system are the rich, who pay some of the lowest taxes anywhere in the world; the old, who are the main beneficiaries of the American social service state; farmers, rural people. These are Republican constituencies.

Restoring responsibility and accountability is essential to the economic and fiscal health of our nation.

This election presents a stark choice - we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation - free markets, fiscal responsibility and individual liberty.