Balanced Budgets Quotes

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Quote Author Cited
Other circumstances, combined with the increase of numbers of people, have produced an augmentation of revenue arising from consumption in a ratio far beyond that of population alone; and though the changes in foreign relations now taking place so desirably for the whole world may for a season affect this branch of revenue, yet weighing all probabilities of expense as well as of income, there is reasonable ground of confidence that we may now safely dispense with all the internal taxes…. the remaining sources of revenue will be sufficient to provide for the support of Government, to pay the interest of the public debts, and to discharge the principals within shorter periods than the laws or the general expectation had contemplated. Thomas Jefferson
Wind and fortune are not lasting. Portuguese Proverb
How do you balance the budget, cut taxes and increase defense spending at the same time? It's very simple. You do it with mirrors. John Anderson
I personally do not worship at the alter of a balanced budget. David Bonior
Let it not be said by future historians that in the second decade after World War II freedom throughout the world died of a balanced budget. Chester Bowles
I don't think they [Congress] ought to balance their budget on the backs of the poor. George W. Bush
Only when the budget has been balanced and a substantial amount set aside for debt retirement, should we consider tax reduction. Robert Doughton
A policy of adequate governmental outlays at a time when private enterprises is curtailing its expenditures does not reflect a preference for an unbalanced budget. It merely reflects a desire and the need to put idle men, money and material to work. Marriner Eccles
Our national finances are in a ruinous state. Hans Eichel
Balancing the budget is like going to Heaven. Everybody wants to do it, but nobody wants to do what you have to do to get there. Phil Gramm
The reason Congress hasn't balanced the budget is that the sky hasn't fallen lately. William Frenzel
I do not pretend to step out of my own sphere and to control the internal management of other departments, but it seems to me that as Secretary of the Treasury, I may ask, that, while peace continues, the aggregate of the expenditure of those departments be kept within bounds such as will preserve the equilibrium between the national revenue and expenditure without recurrence to loans. Albert Gallatin
Our ordinary income is barely at a par with our ordinary expenditures and new taxes must be ready. James Madison
As a general rule, the demands of the current year, especially in time of peace, should be provided for by the revenues of that year. James Monroe
He [President Ronald Reagan] has tried to balance the budget on the backs of state and local government. Richard Lamm
I have seen the ravages of unemployment.... The government will never refuse to go as far as the resources of the country will permit [in order to help]. But do not ask it to commit acts that risk to compromise the balance of the budget. Pierre Laval
May the debt of the United States be discharged with speed and punctuality; and let not the people be deceived, by having the funds, established for that purpose, put to other uses. John Leland; Jack Nipps
The state of our state is fragile …. Our revenue system is broken because it has relied on regressive and unstable taxes …. I refuse to balance this budget on the backs of the children, the elderly, and the poor. Kenny Guinn
I can’t be in charge of people’s perceptions. Alan Greenspan
Let’s make this the year where we are either going to get rid of the deficit or get rid of the idea that we are going to get rid of the deficit.. Herbert Stein
The Republican Party has become something that Ronald Reagan would not recognize. Lindsey Graham
Deficit spending is simply a scheme for the confiscation of wealth Alan Greenspan
It is easier to use accounting gimmicks than it is to make hard political choices John Steele Gordon
Let us have the courage to stop borrowing to meet continuing deficits. Revenues must cover expenditures by one means or another. Any government, like any family, can, for a year, spend a little more than it earns. But you know and I know that a continuation of the habit means the poor house. Franklin D. Roosevelt
Free from public debt … at peace with all the world Andrew Jackson
The era of deficit denial is over Erskine Bowles
It’s all in there. We have harpooned every whale in the ocean. Alan K. Simpson
We should not, cannot, and will not balance the budget on the backs of our veterans. Barack Obama
Fiscal conservatism means balancing budgets — not running deficits that the next generation can't afford. It means improving the efficiency of delivering services by finding innovative ways to do more with less. It means cutting taxes when possible and prudent to do so, raising them overall only when necessary to balance the budget, and only in combination with spending cuts. It means when you run a surplus, you save it; you don't squander it. And most importantly, being a fiscal conservative means preparing for the inevitable economic downturns — and by all indications, we've got one coming. Michael Bloomberg
Economy is demanded in every branch of the government at all times, but especially in periods like the present, of depression in business and distress among the people. The severest economy must be observed in all public expenditures, and extravagance stopped wherever it is found, and prevented wherever in the future it may be developed. If the revenues are to remain as now, the only relief that can come must be from decreased expenditures. But the present must not become the permanent condition of the government. William McKinley
I can not too cordially congratulate Congress and my fellow citizens on the near approach of that memorable and happy event -- the extinction of the public debt of this great and free nation. Andrew Jackson
If you don’t balance your budget in business, you go out of business. Mitt Romney
Balanced budgets have a lot to do with National Defense. Howard Dean
We cannot clean up the mess in Washington, balance the budget, reduce taxes, check creeping Socialism, tell what is muscle or fat in our sprawling rearmament programs, purge subversives from our State Department, unless we come to grips with our foreign policy, upon which all other policies depend Robert Taft
Without deficit reduction, we cannot have sustained economic growth. Bill Clinton
All legislation looking to the perpetuation of our national debt, and of the national-banking system which feeds and fattens upon it, should be universally discouraged and denounced as a crime against the people, and all laws looking to their existence should be immediately repealed. James Baird Weaver
The revenue you take in should be enough to cover the revenue that you spend and go beyond that to get a reserve. In order to do that we [in California] need cuts and pension reforms, and taxes. Edmund G. Brown Jr.
Our true test is not between tax reduction on the one hand and the avoidance of Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget—just as it never will produce enough jobs or enough profits. John F. Kennedy
Reduction in taxes will be justified only as we can show we can succeed in bringing the budget under control.... Until we can determine the extent to which expenditures can be reduced, it would not be wise to reduce our revenues. Dwight D. Eisenhower
I did not come into government to win an award as the great accountant in the sky and balance budgets. Mario Cuomo
With the Eurozone … seeking internal balance via ever larger external imbalances in the form of current account surpluses, debtor Eurozone could only attain internal balance with ever larger external imbalances in the form of current account deficits.. Martin Wolf
You can't balance the budget on the backs of nondefense discretionary spending. Rosa DeLauro
Last year 100,000 people gathered on The Mall to Protest the deficit. We Republicans, over and over, castigated President Obama for creating a Trillion dollar deficit. I was against big deficits then, and I am agaist them now. Just because it is now Republicans doing all the spending, I am still opposed.... Those Republcians who voted for a tax cut and a spending increase are hypocrites. Rand Paul