Deficit Spending Quotes



Search Results (45)

Quote Author Cited
I personally do not worship at the alter of a balanced budget. David Bonior
Let us all be happy and live within our means, even if we have to borrow the money to do it with. Charles Ferrar Browne; Artemus
All progress is based upon the universal innate desire on the part of every organism to live beyond its income. Samuel Butler
Any government, like individuals and families, cannot spend more than they take in without courting disaster. Clarence A. Cannon
Deficits aren't always bad if you invest the money. Bill Clinton
You can promise anything in this world because it isn't a real world. We don't have to balance the budget. Larry Craig
We have no choice but to make our local government fit the size of our local economy. We must all bear our share of the pain. David Dinkins
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
People who wouldn’t think of raising taxes think there’s nothing wrong with mortgaging the future of their state Alan Ehrenhalt
I cannot consent to act the part of a mere financier, to become a contriver of taxes, a dealer of loans, a seeker of resources for the purposes of supporting useless baubles, of increasing the number of idle and dissipated members of the community, of fattening contractors, pursers, and agents, and of introducing … patronage, corruption, and rottenness which you so justly execrate. Albert Gallatin
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
The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale Thomas Jefferson
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
Under certain circumstances loans may be resorted to with great advantage. James Monroe
To add current expenses of the Government to the national debt ... and thereby pass the current cost of government to the next generation is not only bad financing but very bad statesmanship. Fiorello H. La Guardia
The only way to meet the situation [the financial crisis] is spend less money and to run the City of New York within the limits of our resources. Unless you do this, gentlemen, you will have a difficult problem confronting you by the end of this year and the taxpayers of 1922 and the years thereafter will have to pay the price of our present lack of prudence or our unwillingness to economize at the proper time. Fiorello H. La Guardia
Let us act with our eyes open. We are going to have a deficit next fiscal year and the year after that. Fiorello H. La Guardia
No country can violate the laws of economic gravity too long. Richard Lamm
We must get rid of deficit spending which finances the political schemes of today by mortgaging the future of tomorrow. Leonard Rasch
Those who say we can continue to indefinitely borrow from our children and grandchildren and generations to come in fact are eroding our ability to do what we ought to do in education, in health care and in other things. Paul Simon
The biggest enemy of the United States is not some terrorist hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility David Walker
I can’t be in charge of people’s perceptions. Alan Greenspan
The military budget got out of control and the tax cuts were helping the wealthy …. President Reagan was less and less interested in what I had to say David Stockman
Deficit spending is simply a scheme for the confiscation of wealth Alan Greenspan
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
The single biggest threat to our national security is our debt. Michael Glenn Mullen
Washington has to stop spending money we don’t have for projects we don’t want. Rick Perry
The era of deficit denial is over Erskine Bowles
There is only so much that you can kick the can down the road. Ben Bernanke
Financial markets will tolerate a Republican deficit but will run screaming in panic from a Democratic deficit a fraction its size. Gary Hart
Republicans do not have good ideas. Borrowing two trillion dollars from your grandchildren to finance a Social Security scheme that looks like Enron is not a good idea. Howard Dean
Borrowing to build factories is not the economic equivalent of borrowing to buy television sets, and it’s amazing just how few modern economists can see the difference...Borrowing to produce is the way poor countries become rich. Borrowing to consume is the way rich countries become poor. Peter Schiff
When you’re spending 24 billion dollars in pork barrel transportation projects how can you go to the American people and talk about tax increases. John McCain
We’re the healthiest horse in the glue factory. Erskine Bowles
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... … Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. Alan Greenspan
The issue is not growth verses fiscal responsibility. We need both! Barack Obama
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
Massive Federal Budget Deficits are only the most conspicuous sign of a society that has promised itself more than it could afford. Robert Jacob Samuelson
The polarization of American politics is the proximate cause of the ongoing budget deficit…. Lately, the ideological center in Congress has thinned, and the distance between the parties has widened. Compromise has come to be seen as surrender—and the U. S. Government has all but come to a halt. Clive Crook
The financial solvency and economic soundness of the United States constitute the first requisite of collective security in the free world. That comes before everything else. Dwight D. Eisenhower
Does it make any sense to borrow money from China to give it to the unemployed I America? This weakens us. Rand Paul
The cozy world we were told would go on forever, where full employment would be guaranteed by a stroke of the Chancellor’s pen, cutting taxes, deficit spending—that cozy world is gone. James Callaghan
As a community we have been living beyond our means…. We have been living at a rate which is simply not justified by the amounts of goods and services we are producing. Charles Haughey
To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above. Ben Bernanke
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