Doris Haddock Quotes
Do you realize that $150 billion of our tax money is given to the corporations, unions and wealthy people for tax breaks, special subsidies and special regulations? That money would be available for health and education and building bridges.
Haddock, Doris, and Dennis Burke. Granny D: Walking Across America in My Ninetieth Year. Villard Books, 2001.
He was referring to many of the tax earmarks and other tax legislation that in effect give funds to specific organizations or kinds of organizations or for those who engage in certain activities or sometimes just to favorite organziations. A tax credit or deduction is from a balanced budgetary perspective is no different from a subsidy.
Although the Professor was often right about this technique, at the time he made this statement, the Clinton administration was actually cutting spending and using much of the revenue to pay for the deficit—just the opposite of what the Professor was worried about. It was successful and the deficit was eliminated and surpluses were projected. However the succeeding administration more closely followed the professor’s pattern and increased spending enormously for serious needs, but also cut taxes, so that we went during the Bush administration from the largest projected surplus in American history to the greatest deficit in American history.
Doris "Granny D" Haddock was an American political activist from New Hampshire. Haddock achieved national fame when, between the ages of 88 and 90, starting on January 1, 1999, and culminating on February 29, 2000, she walked over 3,200 miles (5,100 km) across the continental United States to advocate for campaign finance reform. In 2004, she ran unsuccessfully as a Democratic challenger to incumbent Republican Judd Gregg for the U.S. Senate.