Alan Greenspan Quotes

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Well, I think what we need to remember is that budget deficits can impede economic activity.

We cannot collect enough taxes to catch up with spending. Do I know a solution? Not really. Do your politicians know a solution? Does our commander-in-chief offer a solution? Absolutely not.

Governments harangue about deficits to get more revenue so they can spend more.

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.

A public debt is a public curse and in a representative government greater than any other.

A dynamic economy, with more citizens working and paying taxes, will be our strongest tool to bring down budget deficits

While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.

Whatever the economy needs to maintain itself, the government will do it.

The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls' office. They think if only you spend and borrow more money you can create growth everywhere.

Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.

But only 'rich' people by definition have the 'extra' money to buy things and invest to create economic growth. Do we really want to tax that 'extra' money away - and give it to the government to spend? Does that make any economic sense outside of politics and our emotional desire to make everyone suffer equally through these tough times?

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

In the past, proactive fiscal polices almost always meant just more investment and an increase in the fiscal deficit.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

The federal debt in this country is principally of Republican design.

The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda.

If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom.

A corporation's primary goal is to make money. Government's primary role is to take a big chunk of that money and give it to others.

Republicans spend and borrow, Democrats tax and spend.

We should reduce total government spending as a percentage of the economy.

Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact.

And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.