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"Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole."
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"And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it."
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Personal Development
"Major policy reform in the petroleum sector. Under the new Hydrocarbon Exploration Licensing Policy, there will be pricing and marketing freedom and a transparent revenue-sharing methodology. This will eliminate many layers of bureaucratic controls."
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Personal Development
"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."
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Personal Development
"A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country."
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Personal Development
"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."
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Personal Development
"And it will often happen that a man with wealth in the form of coined money will not have enough to eat, and what a ridiculous kind of wealth is that which even in abundance will not save you from dying with hunger!"
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Personal Development
"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."
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Personal Development
"Employment is the biggest form of slavery."
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Personal Development
"Our "Make in India" initiative is not intended for only manufacturing for the domestic market or import substitution. It is as much about making world-class products and services for the whole globe."
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Personal Development
"You know if the U.S. Government wanted to boost the economy there's a simple solution make Black Friday the refund date for your state and federal taxes."
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Personal Development
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"Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment."
Economy
"We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid."
Needs
"Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side."
Environment
"We have the deepest and most liquid capital markets in the world."
World
"Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole."
Economy
"Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy."
Success
"The global economy is in pretty good shape."
Economy
"I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis."
Action
"We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality."
Economy
"Well, I make a practice of not commenting on the role of the relative exchange value of our currency."
Practice
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