America's military is second to none in the world. We're blessed with terrific soldiers, and extraordinary technology and intelligence. But the idea of a trillion dollars in cuts through sequestration and budget cuts to the military would change that.
We can't expect entrepreneurs and businesses large and small to take their life savings or their company's money and invest in America if they think we're headed to the road to Greece. And that's where we're going right now unless we finally get off this spending and borrowing binge. And I'll get us on track to a balanced budget.
When it comes to our military, what we have to think about is not, you know just budgets, we've got to think about capabilities.
I'm pleased that I've balanced budgets. I was on the world of business for 25 years. If you didn't balance your budget, you went out of business. I went into the Olympics that was out of balance, and we got it on balance, and made a success there. I had the chance to be governor of a state. Four years in a row, Democrats and Republicans came together to balance the budget. We cut taxes 19 times and balanced our budget.
I will not cut our military budget by a trillion dollars, which is a combination of the budget cuts Barack Obama has, as well as the sequestration cuts. That, in my view, is making our future less certain and less secure.
Cutting our education budget, that's not a smart choice. That will not help America compete with China.
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.
We're in a period of uncertainty about [Donald Trump] administration policies and the range of what might happen is particularly higher. I don't think that these R&D and innovation budgets will be substantially reduced.
I think there's even a chance that [R&D and innovation budgets] might be increased [during Donald Trump Administration] and we should go and make that case to the executive branch, to the Congress.
We got a malaria initiative, really a phenomenal time, even though in the early stages there was some uncertainty. Then of course [Barack] Obama, although he had budget constraints, he believed in these things; a lot of new initiatives, including in agriculture.
One thing we haven't mentioned is something everyone should understand very clearly. Look at the budget that was invested in 'Avatar': who in China has that kind of money to spend on making a movie? So we as Chinese filmmakers should work together to make Chinese movies that can compete as best we can for Chinese audiences, not make lousy movies, but make the best we can for that audience. Concentrate the money, the talent we have on making good movies [for China].
We just watched this budget debacle right? Seventy-three percent of Americans want to tax the rich. Why can't the politicians respond to that? Because they are the rich. And they are beholden to the rich. It's a captured system.
Franklin Roosevelt ran on a balanced budget in 1932, and the greatest president, certainly, of the 20th century. So the idea that you lay out a predicate right now, Donald Trump has recreated the Republican Party in his image.
Consumers are time constrained, budget restricted and less loved than they would like. Give them a wonderful experience and they will share it. Capture their soul and win big time.
If we have to continue to live under sequestration, it will have a maximum impact on our ability to fulfill the president's strategic guidance. We can't do it all. It's as simple as that, with the limitations of the budget as severe as they are. These deep, abrupt cuts have forced us to make decisions that are not in the interest of America.
I'm the first secretary of defense that's had to deal with sequestration. I've prepared two budgets that deal with sequestration. And you bring the chiefs together, the leadership of this enterprise together, to work through, how do we then take these cuts? Where do we apply those cuts? Readiness is the first thing that suffers.
First of all, for me the secret is in the ingredients. You don't need to start spending fortunes on organic foods and start becoming way over budget. The better the ingredient, the littler that needs doing to it.
Finance ministers must realize that the health budget can save them money if it's applied well.
Bill Clinton kept funding Star Wars. He took the biggest military budget to Congress in history. He routinely bombed Iraq, and he kept the barbaric sanctions in place. He's really played his part. The George W. Bush gang has taken it just a little further.
[Ecstasy] had its flaws, but again it was shot on a low budget, and they did well. It's not in the same league as Filth.
The shutdown itself is bad but not devastating. The real danger will come up in a couple of weeks. There's legislation which is in fact routine - it's passed every year - which allows the government to borrow money, otherwise it can't function. If Congress does not approve this budget request, the government may have to default.
[Rex] Tillerson himself has no deputy, for example. Latest plans from the [Donald Trump's] administration call for a 37 percent cut to the agency`s budget, 37 percent.
The collective shortfall of the 3.08 billion people (47 percent of world population) who, in 2005, lived below $2.50 per day was $507 billion per annum, which indeed comes to about two-thirds of the present US military budget. This gives us a rough sense of how much the eradication of poverty would cost.
Our infrastructure of bridges, roads and ports has been given a D-level rating by many civil engineer societies. The government should shift some money from the Defense budget and hire companies to fix our infrastructure. As for non-construction workers, we need to do job retraining in those growing areas where more skilled workers will be needed.
As soon as you start making a film that's expensive then the studio wants total control over all elements of it because they want to get all their money back. If you make a smaller film you can try a lot more things because you can have control over it and not just be a hired director. The lower the budget the more freedom you have.
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