Liz Truss Quotes
Every pound that comes into the Exchequer was earned by someone through hard work, and could have been used for a new car, a holiday or a treat for the children. It means I have a responsibility to make sure that all public spending is justified.
Cole, Harry, and James Heale. Out of the Blue: The Inside Story of the Unexpected Rise and Rapid Fall of Liz Truss. HarperCollins, 2022.
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.
Elizabeth Mary Truss, known as Liz Truss, is a British politician serving as Secretary of State for International Trade and President of the Board of Trade since July 2019 and Minister for Women and Equalities since September 2019. A member of the Conservative Party, she has served as Member of Parliament (MP) for South West Norfolk since 2010. Truss was Environment Secretary from 2014 to 2016, Justice Secretary and Lord Chancellor from 2016 to 2017 and Chief Secretary to the Treasury from 2017 to 2019.