Posts Tagged ‘billions’

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Abraham Flexner: Borrow Billions

Posted by admin on Monday, April 26, 2021

Abraham Flexner Money Quote saying some countries are borrowing for wars but few borrow for educational purposes. Abraham Flexner said:
 
 
Nations have recently been led to borrow billions for war; no nation has ever borrowed largely for education… no nation is rich enough to pay for both war and civilization. We must make our choice; we cannot have both Quote
 

“Nations have recently been led to borrow billions for war; no nation has ever borrowed largely for education… no nation is rich enough to pay for both war and civilization. We must make our choice; we cannot have both” — Abraham Flexner

 

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In this quote, Abraham Flexner is drawing a comparison between the massive spending on warfare versus investment in education. His interpretation is that while countries are willing to take on enormous debts to fund wars and military campaigns, they have never shown the same commitment to borrowing vast sums long-term to develop education systems and advance civilization.

Flexner seems to be arguing that nations must consciously choose to prioritize either war spending or education/civilization spending, since devoting large resources to both simultaneously is not financially sustainable or prudent. His view is that full support cannot be given to both war and education aims given budget constraints, so societies must decide which goal deserves greater long-term backing and commitment through public funds.

The overall message conveyed is that higher education requires more robust and consistent long-term financial support relative to short-term military spending priorities.

Abraham Flexner background:

Abraham Flexner was an American educator and educational reformer in the early 20th century. He is best known for his 1910 report that criticized the standards of medical education in the United States and Canada, leading to major reforms. Flexner advocated for establishing high-quality professional education and helped advance the modern research university model. In the quote, Flexner is drawing on his background in education reform to argue that countries prioritize funding wars over long-term investment in developing strong education systems, and that devoting massive resources to both goals simultaneously is unsustainable given budget constraints.

Martin Luther King Jr.: Cost Nation

Posted by admin on Thursday, September 3, 2020

Martin Luther King Jr. Money Quote saying you can pay now or pay later, but our past lack of action is going to cost future generations. Martin Luther King Jr. said:
 
It didn’t cost the nation a penny to guarantee the right to vote. Now we are in a period where it will cost the nation billions of dollars to get rid of poverty Quote
 

“It didn’t cost the nation anything to integrate hotels and motels. It didn’t cost the nation a penny to guarantee the right to vote. Now we are in a period where it will cost the nation billions of dollars to get rid of poverty, to get rid of slums, to make quality integrated education a reality” — Martin Luther King Jr.

 

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This quote from Martin Luther King Jr. suggests that integrating public accommodations like hotels and motels as well as guaranteeing voting rights for all did not require significant financial costs for the nation.

However, eliminating poverty, improving slum housing conditions, and creating quality integrated education opportunities would indeed require massive investments of billions of dollars.

The quote highlights how achieving full civil rights and racial equality and justice in areas like education, housing, and economic opportunity demands substantial long-term financial commitments from the government and society, unlike some initial legal reforms that did not carry large price tags.

Dr. King is emphasizing that truly addressing systemic racial inequities in areas like poverty, housing, and education will necessitate significant public funding and resources on a national scale.

Sarah Sanders: Wall Billions Funded

Posted by admin on Saturday, June 15, 2019

Sarah Huckabee Sanders Money Quote saying to President Trump and his supporters, that he’s achieved (anti-) immigration goals, as children are separated from their parents and caged at the border. Sarah Huckabee Sanders (@PressSEc) said:
 

 

“President @realDonaldTrump secured billions in funding to build the wall and an unprecedented commitment from Mexico to stem the tide of illegal immigration” — Sarah Huckabee Sanders

 

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In this quote, Sarah Huckabee Sanders is praising two accomplishments of President Trump regarding border security. First, she notes that Trump secured billions of dollars in funding to construct a border wall between the US and Mexico.

Second, she claims he obtained an unprecedented commitment from Mexico to help curb illegal immigration. Sanders is portraying Trump as having achieved major progress on these issues during his administration through obtaining wall funding and a pledge of cooperation from Mexico.

However, some of these claims are disputed, as Mexico denied it agreed to specific immigration commitments. Overall, the quote aims to highlight Trump’s leadership on border and immigration issues according to his former press secretary.

Donald Trump: Tariff Coffer Billions

Posted by admin on Friday, June 7, 2019

Steve Sack Tariff Bailouts Treasury

Steve Sack, The Minneapolis Star-Tribune, MN


 

Donald Trump Money Quote saying that tariffs charged on imports are earning the U.S. billions, while not comprehending that U.S. purchasers pay those tariffs, not China. Donald Trump said:

 
Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, lets just make our Country richer than ever before! — Donald J. Trump Quote
 

Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go. If companies don’t want to pay Tariffs, build in the U.S.A. Otherwise, lets just make our Country richer than ever before!” — Donald J. Trump

 

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This quote suggests Donald Trump views tariffs on Chinese imports as a way to generate substantial revenue for the US government in the form of customs duties paid by China. He implies this will make the country “richer than ever before”. However, a balanced interpretation would note:

  • Tariffs are largely paid by domestic consumers and businesses, so their impact is complex with both costs and benefits to consider.
  • “Long way to go” acknowledges tariffs are not a one-time windfall and their effects depend on ongoing trade policy decisions.
  • While aiming to pressure more domestic manufacturing, tariffs alone do not address various factors in companies’ siting decisions.

Overall, the quote reflects Trump’s perspective that tariffs can strengthen the US economy, but a full analysis would need to weigh both positions as experts debate the actual macroeconomic effects of trade wars over both the short and long run. Both pros and cons merit consideration.

Loretta Lynch: Barclays Jeopardized Billions

Posted by admin on Friday, March 30, 2018

Loretta Lynch Money Quote saying as the Former Attorney General in the Obama administration, that Barclays Bank was reckless with investors money in the Mortgage Crisis of 2008. Loretta Lynch said:
 
 Barclays jeopardized billions of dollars of wealth  Quote
 

“Barclays jeopardized billions of dollars of wealth through practices that were plainly irresponsible and dishonest” — Loretta Lynch

 

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In this quote, Loretta Lynch is criticizing the banking institution Barclays for engaging in irresponsible and dishonest practices that put billions of dollars at risk.

By saying Barclays “jeopardized billions of dollars of wealth through practices that were plainly irresponsible and dishonest”, Lynch implies their actions showed a disregard for proper conduct and endangered significant financial assets through reckless behavior.

The overall interpretation is that Lynch believes Barclays failed in its duties and obligations by adopting what she views as clearly unacceptable and fraudulent business methods that compromised the security of sizable sums of money.

 
Barclays 2 Billion Dollar Settlement Smaller

Barclays is paying far less than other big banks paid. In 2013, JPMorgan Chase paid $13 billion. In 2014, Bank of America paid $16 billion. Deutsche Bank paid $7 billion.

 

Kurt Vonnegut: Nuts & Bolts Billions

Posted by admin on Friday, May 12, 2017

Kurt Vonnegut Money Quote saying artists are undervalued and struggle to eat, while those providing utilitarian products get wealthy. Kurt Vonnegut said:
 
make billions, while the people who struggle to bring a little beauty into the world, give life a little meaning, they starve Quote
 

“People who sell bolts and nuts and locomotives and frozen orange juice make billions, while the people who struggle to bring a little beauty into the world, give life a little meaning, they starve” — Kurt Vonnegut

 

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In this quote, Kurt Vonnegut is lamenting how society often undervalues and undercompensates creative works and cultural contributions that enrich people’s lives. By noting that those who “struggle to bring a little beauty into the world, give life a little meaning” tend to “starve” financially, while mundane commercial industries “make billions”, Vonnegut implies a misalignment between what truly nourishes humanity and what activities are most lavishly rewarded economically.

The interpretation is that Vonnegut viewed monetary incentives as skewed away from supporting arts, literature, philosophy and other expressions that elevate human experience, instead disproportionately benefiting industries offering conveniences over enrichment. His perspective conveys frustration that compensation rarely follows efforts to cultivate meaning, wisdom or inspiration through creative works, despite their profound importance to civilization and individuals’ inner lives.

The overall message is one of disappointment that society underappreciates and underfunds those dedicated to uplifting life spiritually or intellectually through their gifts.

John Pudner: Constitutional Amendment

Posted by admin on Sunday, April 23, 2017

John Pudner Money Quote saying he supports an amendment to the U.S. Constitution which would prevent big, anonymous political contributions to prevent money being considered speech and protect the taxpayer. John Pudner said:
 
big transaction money – in other words, trading millions in contributions for billions of your taxpayer dollars Quote
 

“To date, 18 of our United States have asked Congress for a Constitutional amendment that would allow limits on political spending where appropriate and let us take our government back from those who give big transaction money – in other words, trading millions in contributions for billions of your taxpayer dollars” — John Pudner

 

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This quote from John Pudner is referring to campaign finance reform and the influence of money in politics. It suggests that large political donations from wealthy donors and corporations have essentially “bought” influence over certain politicians and policies to the detriment of taxpayers. By “trading millions in contributions for billions of taxpayer dollars”, it means that donors get favorable legislation or contracts worth far more public money than they originally contributed.

Pudner advocates for amending the US Constitution to allow reasonable limits on political spending, which he believes could help reduce this donor influence. By doing so, it may help “take our government back” for ordinary citizens rather than large financial backers. The quote expresses concern that big money in politics has disproportionate power and that campaign finance reform could help even the playing field and make elected officials more accountable to all voters rather than just their largest funders.

Elizabeth Warren: Foreclosing on Families

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying that Steven Mnuchin is a bank fox guarding the banker henhouse he raided and got richer with. Elizabeth Warren said:
 
[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families Quote
 

“[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is strongly criticizing Steven Mnuchin’s nomination as Treasury Secretary. Some key points:

  • She says Mnuchin’s selection should “send shivers down the spine” of Americans hurt by the financial crisis, as he worked for a bank involved in foreclosures.
  • Warren argues this shows Trump has no plans to “drain the swamp” and reform Washington as he claimed, but rather wants to “run Washington to benefit himself and his rich buddies.”
  • By appointing Mnuchin, who profited from the crisis, she feels Trump is not representing average Americans but wealthy elites.
  • Overall, the quote paints Mnuchin as the wrong choice and a sign that Trump plans to look out for the rich, not fix corruption as he promised, in Warren’s view.
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