In Greece, Italy and, to a lesser extent, France, unsustainable tax cuts and spending sprees added to households' estimates of their private wealth relative to their wage income.
Edmund Phelps
Related It is totally about tax cuts. Our current deficits are not the result of critical spending to help l... SCOTT MCCOWN I'm all in favor of the tax cuts, but I think that the administration has to eat their spinach along... CHRIS EDWARDS Estimates of the extent of spending are escalating, and the recovery and bounce-back, fueled by mass... JANET YELLEN And rates are not likely to be adjusting downward. Households are paying about 13.75 percent of thei... PAUL KASRIEL We do believe that the U.S. housing market is a bubble in the sense that its contribution to consume... JAN HATZIUS After the conquest of Afric, Greece, the lesser Asia, and Syria
were brought into Italy all the sor... SIR WILLIAM TEMPLE The market is still waiting for HSBC results, which will have a big impact on the direction of the m... ANDREW TO Property shares had a technical rebound, but interest rate concerns will still affect properties unt... ANDREW TO Bank of China's results were quite good; double-digit growth can be taken as good results for a bank... ANDREW TO The index tried to challenge 18,000 but failed, so that triggered profit taking. Tokyo's slide also ... ANDREW TO Trading seems to be focusing on selective counters because investors are cautious amid interest rate... ANDREW TO We're seeing a minor technical rebound after Wall Street rebounded from two days of losses. The key ... ANDREW TO Some investors have returned to pick up the stock at bargain prices. ANDREW TO I think the take-up for the placement is not too good and other property developers may be discourag... ANDREW TO We are afraid that our freedoms and liberties will be infringed in the future. ANDREW TO I think there was some minor selling pressure on telecom stocks as the market continued to see a wea... ANDREW TO To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don... SARAH PALIN Household income in India is advancing at a double-digit pace and estimates suggest that 24 million ... CARLOS GOMES Discriminatory wage practices undermine women's ability to provide for their families and surviv... KIRSTEN GILLIBRAND Individual nations have offered their own contributions to income inequality - financial deregulatio... CHRYSTIA FREELAND Germany, Japan and, to a lesser extent, Britain and Italy, were lifted out of the debris of war by t... GORDON SINCLAIR Why is it that half of the households in America pay zero income tax? We need some real tax reform. JOHN CORNYN Low-income Canadians benefit relatively little from these tax cuts, yet they may be hurt a great dea... ELLEN RUSSELL These examples should encourage other countries, such as Greece, France and Portugal, to pursue the ... JOAQUIN ALMUNIA Most poor families are living completely unassisted in a private rental market, devoting most of the... MATTHEW DESMOND In the old days in France, they had beheadings of people who commit heinous crimes, ... Nevada Newsm... OSCAR GOODMAN Many women are heads of households. Many are the primary wage earners for their families. MARSHA BLACKBURN No one making less than $250,000 under Barack Obama's plan will see one single penny of their ta... JOE BIDEN You're the best gay friend I've ever had! AMERICA TALKING TO FRANCE We have to reduce the tax burden, whether it's income tax for corporations or private individual... BRUCE RAUNER The households that will benefit from these two tax cuts are quite well off, and furthermore they've... JOEL FRIEDMAN A Ritual to Read to Each Other If you don’t know the kind of person I am and... WILLIAM STAFFORD You've got to either say you're going to cut taxes and find some spending cuts. I think we o... HAROLD FORD, JR. I'm not sure which form it will take -- maybe a lengthy period of subdued consumer spending or somet... JAN HATZIUS At the end of a long economic expansion, consumers tend to be overconfident relative to their spendi... CARL STEIDTMANN To some extent jobs created in the public sector will compensate for job cuts in the private sector. ROSS WALKER We've outpaced Japan and Europe in creating new jobs, but there's major competition from Ind... ERNEST ISTOOK So while some special factors may be boosting spending, the overall trend of spending is well out of... ROBERT BRUSCA It's not life insurance; it's wage replacement. It's trying to make the injured worker - or their fa... ANDY WESSELS The ... report makes it clear that, without the treats given to us by tax cuts and low interest rate... JOEL NAROFF Many states rely on sales tax as their principle source of revenue and do not have a State income ta... WILLIAM L. JENKINS I still had this idea that there was a whole world of marvelous golden people somewhere, as far ahea... RICHARD YATES I'd characterize the local economy as relatively strong over all. Commercial real estate, the securi... JASON BRAM How lucky I am to have known somebody and something that saying goodbye to is so damned awful. EVANS G. VALENS Welfare and dependency grants, personal income tax relief, and cuts in those costs which would make ... COLEN GARROW Much fiscal policy is implemented, not through spending increases, but through tax credits and other... ALAN GREENSPAN Eventually I came across another passage. This is what it said: I am not commanding you, but I ... NICHOLAS SPARKS To kill a mockingbird. If you haven't read it, I think you should because it is very interesting. STEPHEN CHBOSKY I will never forget the vision of Jamie walking towards me. NICHOLAS SPARKS As these images were going through my head, my breathing suddenly went still. I looked at Jamie, the... NICHOLAS SPARKS You don't have to learn much out of books, it's like if you want to learn about cows, you go milk on... HARPER LEE You can't really get to know a person until you get in their shoes and walk around in them. HARPER LEE We should be forced to give so many exemptions and concessions (inevitably to the benefit of high sp... NIGEL LAWSON It focuses predominately on middle income tax cuts for education, and for child care and for savings... ROBERT RUBIN There's no doubt that the effect of the tax cuts . . . have been an enormous factor in producing the... JOSHUA B. BOLTEN The tax relief that this Congress has given now in terms of four tax cuts has overwhelmingly gone to... RICHARD NEAL Love is always patient and kind. It is never jealous. Love is never boastful or conceited. It is nev... A WALK TO REMEMBER We think there are no magic puddings ... any new spending and tax cuts will need to be paid for by c... DANIELLE WESTWATER If you have a value-added tax you will have bigger government. When the dust settled 10 years in the... DANIEL MITCHELL I want to go to Italy and France; those are my two places. And I really want to go to Greece. I'... MARY LAMBERT If you need a license to add a room to somebody's house, shouldn't you need some kind of certificate... ELAINE LYTTLETON Research has shown that middle-income wage earners would benefit most from a large reduction in corp... LAWRENCE KUDLOW If consumer confidence holds steady, and consumers spend the money from tax cuts, and once business ... RAJEEV DHAWAN Yes! Very funny this terrible thing is. A man that is born falls into a dream like a man who falls i... JOSEPH CONRAD It's unusual to see a mayor with this kind of surplus not announcing some significant new spending p... DOUG TURETSKY If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the ... THERESA MAY This also suggests that retailers may be better off targeting customers within a few-mile radius of ... JOHN RITTENHOUSE These dedicated volunteers give their time to make sure people get all the proper tax credits and de... DAN BOONE It is one of the wealthiest areas in the world, with lots of disposable income and a lot of people w... GORDON WANGERS Eastern Washington families and businesses should be able to deduct every penny of state and local s... CATHY MCMORRIS Eastern Washington families and businesses should be able to deduct every penny of state and local s... CATHY MCMORRIS RODGERS I don't approve of any new tax cuts until we can control our spending and address these deficits, LINCOLN CHAFEE What I do is allow middle-income families to finally be able to save their money tax-free. No tax on... MITT ROMNEY Evangelicals, through their own scholarship as well as the support and encouragement of such bodies ... DAVID BAKER The American people want us to stop spending. And so let's just give them some certainty. Let... JOHN MCCAIN Younger men have been raised in dual-income households, where they have always shopped for themselve... ANNETTE MCEVOY It's the combination of massive tax cuts combined with massive spending on Iraq and Katrina when we ... KENT CONRAD Housing wealth - the net equity held by households, consisting of the value of their homes minus the... JANET YELLEN The U.S. has been living in a situation of excesses for too long. Consumers were out spending more t... NOURIEL ROUBINI It's a fairly large difference, particularly when you consider that unlike differences across racial... JAY GREENE America's corporate and political elites now form a regime of their own and they're privatiz... BILL MOYERS All taxes, except a 'lump-sum tax,' introduce distortions in the economy. But no government ... ROBERT J. SHILLER An increasing number of middle income Americans are benefiting from the rising value of their stocks... BILL ARCHER The budget deficit is on the radar again due to the emergency spending packages and the lack of any ... ASHRAF LAIDI The president is destroying the fabric of America with a combined policy of war, tax cuts for the we... CHARLES RANGEL The President is destroying the fabric of America with a combined policy of war, tax cuts for the we... CHARLES B. RANGEL The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend... HA-JOON CHANG My guess is the panel is playing with a couple of different ideas. One is some...reform of the curre... CLINT STRETCH They're isolated from normal sources of support, struggling, seeing a good portion of their income g... JEFFREY KAYE When the war was in progress, England and France agreed wholeheartedly with the Fourteen Points. As ... SUN YAT-SEN They taught me different was wrong. ANI DIFRANCO I suppose I'm in that very small group of people who are not waiting for their own story to unfold. ... CAROL RIFKA BRUNT Well, well, well I am trap in well, half way to hell. DEYTH BANGER I've never supported a wage tax and I've never supported a payroll tax. DAVID DEWHURST There's a right way and a wrong way to cut taxes. The Republican tax cuts reward the few, our tax cu... TOM DASCHLE Lᴏᴠᴇ ɪs ʟɪᴋᴇ ᴛʜᴇ ᴡɪɴᴅ ... Yᴏᴜ ᴄᴀɴ'ᴛ sᴇᴇ ɪᴛ, ʙᴜᴛ ʏᴏ... NICHOLAS SPARKS She filed the image away as an excellent and insulting question to ask the earl at an utterly inappr... GAIL CARRIGER Essentially, they've targeted the most vulnerable in our communities -- children, the aged, the blin... CHARLES RANGEL Consumer spending is likely to ease off slightly as some saturation starts to set in, real income gr... DENNIS DYKES The IRS is currently considering a rule that would make it easier for tax preparers to disclose the ... MELISSA BEAN
More Edmund Phelps
Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We... EDMUND PHELPS I'm hoping that the administration and other thought leaders will succeed eventually in bringing... EDMUND PHELPS Economists of a classical bent lay a large part of the decline of employment, and thus lagging outpu... EDMUND PHELPS Unemployment determination in a modern economy was the main subject area of my research from the mid... EDMUND PHELPS The best part of the high school in Hastings must have been the Music Department. Its orchestra and ... EDMUND PHELPS In societies where one sees a higher prevalence of 'modern values' - individualism, vitalism... EDMUND PHELPS I started to think about what drives innovation and what its social significance might be. The next ... EDMUND PHELPS The good life, as it is popularly conceived, typically involves acquiring mastery in one's work,... EDMUND PHELPS The 1920s and 1930s were a period of sensational productivity growth: new products were springing up... EDMUND PHELPS What brought mass innovation to a nation was not scientific advances - its own or others' - but ... EDMUND PHELPS Some economists believe that the Greeks' work ethic and thrift can pull them through. But the cl... EDMUND PHELPS In America, black urban teenagers have long been lacking in inclusion. In France, there is a compara... EDMUND PHELPS I'm old enough to remember in the 1930s and the 1940s when thrift, frugality, was considered an ... EDMUND PHELPS I didn't do my work for money or prizes - only for the excitement of discovery. EDMUND PHELPS I just think that the Europeans are depriving themselves of a high-employment economy, and they are ... EDMUND PHELPS At the simplest level, economics can better show us the consequences of our actions. Less simple are... EDMUND PHELPS An indictment of entitlements has to focus on the huge 'social wealth' that the welfare stat... EDMUND PHELPS Capitalist systems function less well without state protection of investors, lenders, and companies ... EDMUND PHELPS Without being aware, I think I was being indoctrinated into what was called Vitalism, the idea that ... EDMUND PHELPS When the word 'morality' comes up in connection with economics, income distribution and fina... EDMUND PHELPS My thinking has always been that the worst problem we have with regard to lack of inclusion is the t... EDMUND PHELPS Corporatist attitudes against capitalism came to the fore in the 1920s. Corporatists, with their con... EDMUND PHELPS Expertise and judgment in the art of lending for novel ventures must be reacquired. EDMUND PHELPS Things can get only so bad. People want to eat, so at some point they resist further cuts to their c... EDMUND PHELPS Disciples of Keynes, who focus on aggregate demand, view any increase in household wealth as raising... EDMUND PHELPS When I was in college at Amherst, my father asked me a favor: to take one course in economics. I lov... EDMUND PHELPS I attended Amherst College from 1951 to 1955. The first two years were a revelation. There were innu... EDMUND PHELPS The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas h... EDMUND PHELPS The need to encourage entrepreneurship and ensure that young people have the opportunity to start ne... EDMUND PHELPS To prosper and advance, the American business sector is going to need a financial system oriented to... EDMUND PHELPS Raising the minimum wage seems to all economists to, at the very least, fail to 'raise' empl... EDMUND PHELPS A modern economy is marked by the feasibility of endogenous change: Modernization brings myriad arra... EDMUND PHELPS Entrepreneurs have only the murkiest picture of the future in which they are making their bets, and ... EDMUND PHELPS Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal an... EDMUND PHELPS My view is that innovation has declined in the everyday processes that businesses tinker with increm... EDMUND PHELPS America's peak years of indigenous innovation ran from the 1820s to the 1960s. There were a few ... EDMUND PHELPS Germany, Italy and France appear to possess less dynamism than do the U.S. and the others. EDMUND PHELPS After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countr... EDMUND PHELPS Those of us born into vitalist and expressionist cultures must hope that governments will draw back ... EDMUND PHELPS There's such a preoccupation with liquidity and such an unwillingness to invest beyond the horiz... EDMUND PHELPS Democrats and Republicans have been very keen to make home ownership almost a national purpose. EDMUND PHELPS If every effect of any new products or methods were required to be known before they could be produc... EDMUND PHELPS One reason why upturns follow downturns is that downturns tend to overshoot. People get panicky, the... EDMUND PHELPS A nation's economy is more than its markets, tastes, technologies and property rights. EDMUND PHELPS I grew up thinking that renting is perfectly normal. And then, strangely enough, I never did buy a h... EDMUND PHELPS No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity... EDMUND PHELPS In essence, capitalist systems are a mechanism by which economies may generate growth in knowledge -... EDMUND PHELPS The Keynesian belief that 'demand' is always at the root of underemployment and slow growth ... EDMUND PHELPS Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in Ameri... EDMUND PHELPS Workers in decent jobs view the economy as unjust if they or their children have virtually no chance... EDMUND PHELPS I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepre... EDMUND PHELPS The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be ... EDMUND PHELPS I've lived to see key parts of my research absorbed in textbooks and in central banks around the... EDMUND PHELPS As a grandson of farmers in downstate Illinois, I have long admired the dedication of farmers to the... EDMUND PHELPS The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth... EDMUND PHELPS In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a ... EDMUND PHELPS For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory ... EDMUND PHELPS In countries operating a largely capitalist system, there does not appear to be a wide understanding... EDMUND PHELPS Everybody feels better about himself, his community, and his country if employers are paying workers... EDMUND PHELPS I'm not attacking the idea that people live in conglomerations of houses in proximity to one ano... EDMUND PHELPS Narrow banks could restart effective intermediation and ensure that consumers and employment-creatin... EDMUND PHELPS Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories. EDMUND PHELPS I got a Cadillac Escalade. Put some rims on it, threw a couple TV's in there, and installed a sy... MICHAEL PHELPS Conscience has nothing to do as lawgiver or judge; but is a witness against me if I do wrong, and wh... ARTHUR PHELPS Capitalism and communism stand at opposite poles. Their essential difference is this: The communist,... --PHELPS ADAMS Wear the old coat and buy the new book. AUSTIN PHELPS You can't put a limit on anything. The more you dream, the farther you get. MICHAEL PHELPS I won't predict anything historic. But nothing is impossible. MICHAEL PHELPS It's cool just because I've had this dream of changing the sport of swimming and it's fi... MICHAEL PHELPS It doesn't matter what else is going on. When you walk into your arena or your - whatever you ex... MICHAEL PHELPS I think the biggest things I am looking forward to is getting new faces into the sport. Getting kids... MICHAEL PHELPS This is my 20th year in the sport. I've known swimming and that's it. I don't want to sw... MICHAEL PHELPS I feel most at home in the water. I disappear. That's where I belong. MICHAEL PHELPS I want to be able to look back and say, 'I've done everything I can, and I was successful.... MICHAEL PHELPS I like to just think of myself as a normal person who just has a passion, has a goal and a dream and... MICHAEL PHELPS I think sometimes I guess you see records, say you want to get there and use that as motivation. In ... MICHAEL PHELPS The more you dream the more you achieve. MICHAEL PHELPS I think everybody pees in the pool. It's kind of a normal thing to do for swimmers. MICHAEL PHELPS Every sponsor I've had has been something that fit my lifestyle, fit my personality. MICHAEL PHELPS I know it won't be eight medals again. If you want to compare me to that, that's your decisi... MICHAEL PHELPS People say to me, 'You're so lucky. You get to see the world.' But I don't. I go to ... MICHAEL PHELPS I try to separate my personal life from swimming. MICHAEL PHELPS I'm a Dunkin' Donuts kind of guy. I also like Cadbury's. MICHAEL PHELPS I want to test my maximum and see how much I can do. And I want to change the world of swimming. MICHAEL PHELPS If you want to be the best, you have to do things that other people aren't willing to do. MICHAEL PHELPS I still remember the days, not wanting to see anybody, not wanting to talk to anybody, really not wa... MICHAEL PHELPS Even in high school, I'd tell my mom I was sick of swimming and wanted to try to play golf. She ... MICHAEL PHELPS I think that everything is possible as long as you put your mind to it and you put the work and time... MICHAEL PHELPS I think goals should never be easy, they should force you to work, even if they are uncomfortable at... MICHAEL PHELPS I can only control my own performance. If I do my best, then I can feel good at the end of the day. MICHAEL PHELPS Swimming is normal for me. I'm relaxed. I'm comfortable, and I know my surroundings. It'... MICHAEL PHELPS Are you living for the things you are praying for? AUSTIN PHELPS I have the opportunity to be part of swimming history. To take the sport to a new level would be an ... MICHAEL PHELPS And, you know, being able to wear the stars and stripes, when you step up on one of the blocks or, y... MICHAEL PHELPS We're pleased to put this behind us. This has been two years of turmoil and bullying by this union. CASSANDRA PHELPS The contract we agreed upon was not that different from the one that we've proposed all along. It's ... CASSANDRA PHELPS This was a hard decision but a stand we had to take to put an end to these continued strikes and thr... CASSANDRA PHELPS This is an example of this change and the fear that it puts in the hearts and minds of independent p... CASSANDRA PHELPS The man who makes no mistakes does not usually make anything. EDWARD PHELPS Well, that's too bad, isn't it? They think I can't preach at times like this? I think I can preach a... FRED PHELPS My goal is one Olympic gold medal. Not many people in this world can say, 'I'm an Olympic gold medal... MICHAEL PHELPS We let one slip away. We competed very well but the last two or three points we couldn't get the pla... TONY PHELPS Being compared to Ian Thorpe, that could be one of the greatest compliments you could ever get in sw... MICHAEL PHELPS My goal is one Olympic gold medal. Not many people in this world can say, 'I'm an Olympic go... MICHAEL PHELPS If I bring back only one gold people are going to say it's a disappointment. But not too many of... MICHAEL PHELPS I've always been fortunate in that I've been able to put myself in my own zone and relax. It comes n... MICHAEL PHELPS That's the most pain I've ever been in after a 200. It's exhaustion more than anything. MICHAEL PHELPS There were times I wouldn't come to practice, because it didn't excite me. It wasn't int... MICHAEL PHELPS believed it was necessary to amend the permit because the permit granted in July of 2004 was based o... JOHN PHELPS Essentially, ... we learned after the 2004 permit was issued that virtually all of the existing slip... JOHN PHELPS I learned how fast you can go from being an international hero to being a reference in a joke on a l... MICHAEL PHELPS (Spence) is vastly different in that he's very cavalier but incredibly professional, PETER PHELPS A lot of new obstacles are coming, a lot of new feelings are coming, ... I'm just taking it for what... MICHAEL PHELPS We wanted to secure the top spot, we wanted to be safe on the relay takeoffs, ... The biggest thing ... MICHAEL PHELPS I have the opportunity to be part of swimming history. To take the sport to a new level would be an ... MICHAEL PHELPS I think to be - for me to be an American is - you know, it's one of the greatest things in the w... MICHAEL PHELPS Swimming is more than a once-every-four-years sport. My goal is to bring attention to swimming - to ... MICHAEL PHELPS Bob and I have gotten into it a number, number of times. MICHAEL PHELPS The last 20 meters weren't very good, they didn't feel good, MICHAEL PHELPS It was tough. I wasn't able to get out with the guys, ... I was in their wake. I was just destroyed. MICHAEL PHELPS You always know he's going to put something together, ... He's got some speed, but we were able to h... MICHAEL PHELPS These figures suggest that a large number of smokers are purchasing their cigarettes through alterna... BILL PHELPS We wanted to split our relays up and see what would happen, ... It was a good way to end the meet. MICHAEL PHELPS When the Australians walked out, the crowd went nuts, and when we walked out, the crowd went even mo... MICHAEL PHELPS He just got out of the 100m fly, so I had a little advantage. But you know he's going to put somethi... MICHAEL PHELPS There is a one woman in China that claimed she paid $50 to get my e-mail address. It was pretty shoc... MICHAEL PHELPS It was very tough doubling up but I've got no regrets. I was just destroyed (in the 100m) but I just... MICHAEL PHELPS I'm satisfied in a way because it was an eye-opener, MICHAEL PHELPS I felt I was passing the torch from one generation to the next. SHERRY PHELPS We had too many errors and we missed six serves, three in the third game, which was just huge, ... W... TONY PHELPS I'm pretty optimistic. We are not really tall or flashy, but are fundamentally sound. We have a majo... TONY PHELPS She was on fire at the end of the season. The last half of the year is what gained her the All-South... TONY PHELPS The varsity kids dedication is beyond explanation. I think that everyone played club volleyball, and... TONY PHELPS A lot of the kids just love playing this game. TONY PHELPS They have an outstanding team. I wouldn't be surprised if they brought home a state championship. TONY PHELPS One goal for us is that we want the conference back. It'll be a task, though. TONY PHELPS I'd rather learn from winning than from losing, but hopefully we'll be a better team. Playing the wa... TONY PHELPS They have a quick team, and our block was almost ineffective. It wasn't that we were doing anything ... TONY PHELPS We did the same thing to them. We went to (John Paxson) and 'Pax' was covered and Jimmy Dolan made t... DIGGER PHELPS The consciousness of Divine friendship in devotion, so far from being impaired, is deepened by holy ... AUSTIN PHELPS A newspaper with shorter stories, more stories, and enormous emphasis on local news which is the new... MICHAEL PHELPS I looked over and I thought 'Oh, man, I've got Roland again?' MICHAEL PHELPS I'm a little worried about the work. It's a big step up from high school. MICHAEL PHELPS I was really hurting pretty bad the final 75 meters, I was definitely in pain, ... My body has been ... MICHAEL PHELPS When we got in the race, we knew what we had to do and knew what we wanted to do. Having three of fo... MICHAEL PHELPS Coming into tonight, I knew it was going to be a great race, ... In the 400, Laszlo put up a 4:10.1 ... MICHAEL PHELPS I have reached a place in my life where I need to sit down and say, 'Well, what do I do? What's best... MICHAEL PHELPS Every day after I wake up, I think, 'Wait... this can't be real; I'm still going to wake up.' MICHAEL PHELPS Bob has clearly stated that he's dropping the bomb on me, ... Hopefully we can change a few things i... MICHAEL PHELPS It's great for us coming off an Olympics to have a team like this. MICHAEL PHELPS I always thought, it would be neat to make the Olympic team. MICHAEL PHELPS I don't like to be second in anything. I was trying, I just wasn't going anywhere. MICHAEL PHELPS We wanted to see how close we could get to the world record. We'll take that for right now. MICHAEL PHELPS By trying to get revenue in this way, this has a lot of risk. It could put some important things in ... BILL PHELPS We don't think there's any reliable age verification for Internet purchases. BILL PHELPS Cigarette taxes are an unstable source of revenue. BILL PHELPS We're eager to have our readers be able to read the newspaper in 18 to 19 minutes. My wife calls it ... MICHAEL PHELPS The mystique of this game ... its just been eerie around here all week. When we beat UCLA, you just ... DIGGER PHELPS You can't put a limit on anything. The more you dream, the farther you get. MICHAEL PHELPS I wouldn't say anything is impossible. I think that everything is possible as long as you put your m... MICHAEL PHELPS Swimming is normal for me. I'm relaxed. I'm comfortable, and I know my surroundings. It's my home. MICHAEL PHELPS I want to be able to look back and say, 'I've done everything I can, and I was successful.' I don't ... MICHAEL PHELPS I love to race the best people in the world and the fastest people in the world. MICHAEL PHELPS They have a quick team, and our block was almost ineffective, ... It wasn't that we were doing anyth... TONY PHELPS This may start to pinch some consumers' wallets. JACK PHELPS We only have so many soccer fields and we basically have to cut it off at a certain number because w... JOHN PHELPS That's an indication I'm sort of starting to fade. MICHAEL PHELPS I won't predict anything historic. But nothing is impossible. MICHAEL PHELPS But those filters are no longer made of cotton. There are over 90 active toxins in cigarette filters... RALPH PHELPS I listen to music before my competitions to get me pumped up. It helps me stay focused. MICHAEL PHELPS It's never easy at the Olympic level. Russia, Romania and China always are contenders. JAYCIE PHELPS It’s the Olympics. If you can’t get up to swim early in the morning, don’t go. MICHAEL PHELPS If this happens, this is time for Steve to make that move. DIGGER PHELPS Let's get serious. Glen Davis, he's so tough in the paint. They can't handle him. DIGGER PHELPS They're going to get eight teams in every year. You just want to get in the hunt. You can be a 5 see... DIGGER PHELPS We'd stay at the Hyatt and I'd go up to that church up there across the street from the river. Oh ma... DIGGER PHELPS Al McGuire and Digger Phelps. We were the best, DIGGER PHELPS I want to go to the World Cup. I want to go to the Masters. I want to go... anywhere. MICHAEL PHELPS Their parents still need care and it's important for us to provide that wholesome place for kids to ... DAVE PHELPS It's a very good time to be in steel. DAVE PHELPS I can't think of one that's on that list that shouldn't be removed. The steel industry has gone thro... DAVE PHELPS I felt pretty good today, I was trying to keep my consistency. I ran with a couple of guys for awhil... DANYELLE PHELPS Before this year I hardly raced for the past couple of years. I'm just trying to get back into it an... DANYELLE PHELPS I was aiming for a 5:30 mile, but I'm still happy with my race. I didn't know where the other female... DANYELLE PHELPS Something in life inspires me, ... I have a song on my new record, 'Visions of God,' about my kids a... DAVID PHELPS I have a wonderful wife, DAVID PHELPS I sang there as a child and through high school, ... My goal is to give people hope at any given nig... DAVID PHELPS We just got a new contract with Telefonica out of Spain, ... They recognize our success (in the U.S.... DAVID PHELPS We incorporated in '97 and started working it really heavy in 2000, ... The main reason for our grow... DAVID PHELPS Life Is A Church DAVID PHELPS When we crunch numbers for 1999, we may see a corresponding increase between sales and piracy in tha... DAVID PHELPS Members are very much scrambling to see what's going to happen, DAVID PHELPS If I had a conviction strong enough to make a promise to my constituents, I believe I'd stick to it, DAVID PHELPS That's what happens where you have a fail-safe district. DAVID PHELPS Everybody was pumped up the first week. We had lots of volunteers in the beginning. Now the sense of... HAAN PHELPS This is not a restaurant. They can't come in here and order New Orleans shrimp, because I don't know... HAAN PHELPS It's a real energy taker. It's not our job to do this. It's not that we don't want to do it, but it'... HAAN PHELPS I don't like to throw food away. It's frustrating when somebody takes three biscuits and only eats t... HAAN PHELPS We are providing a sanctuary for God's people. You don't hear sirens and police cars going up and do... HAAN PHELPS The act hadn't been enforced and it was kind of a paper tiger. This will just potentially allow any ... GREGORY PHELPS