George Osborne Quotes
Britain can only spend what it can afford.
Osborne, George. "Autumn Statement 2013." House of Commons, 5 Dec. 2013.
In 1964 the treasury secretary asked the president how to sell the proposed budget to Congress:
This is a particularly interesting historical quotation. It shows that when FDR was first elected, he had a classic view of deficit spending. However, above all, Roosevelt was a pragmatist and not an ideologue. Faced with the Great Depression that was not getting much better, Roosevelt turned around, changed his mind and policy about deficits and embarked on the “pump priming” approach of injecting substantial Federal spending into the economy and accepting the deficits in order to improve the situation which had been stagnant. FDR’s new policy staved off total disaster, but few remember that his great success was a total reversal of his earlier views.
George Gideon Oliver Osborne CH is a British politician and newspaper editor who served as Chancellor of the Exchequer from 2010 to 2016 in the Cameron government. A member of the Conservative Party, he was Member of Parliament (MP) for Tatton from 2001 to 2017. He was editor of the London Evening Standard from 2017 to 2020.