Virgil Goode Quotes


Related Quotes

Perry was one of a number of politicians who became opposed to deficit spending, and claimed that the public was not interested in the various projects. However, whenever any of these politicians proposed projects or programs to cut, there would be many citizens who would object vehemently. It was precicely because there was a constituency supporting all the government programs that politicians found it so hard to keep spending under control. Indeed, when others suggested terminating spending on programs and projects Perry liked, he objected as strenuously as most others.


After many years of deficit financing, Clinton finally produced a balanced budget and together with his Secretary, of the Treasury, Robert Rubin, actually developed an economy which was producing a huge annual surplus that would soon eliminate the national debt. However, when George W. Bush replaced Clinton after two terms, Bush was unable to manage the budget any better than the other aspects of the Presidency. He cut taxes dramatically and even after it was clear that the Clinton surplus was squandered, he continued tax reductions and even increased them while increasing government spending creating the biggest government in history and went from our largest surplus to our largest deficit in his 8 years.


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.


Virgil Goode
Virgil Goode
  • Born: October 17, 1946
  • Nationality: American
  • Profession: Politician

Virgil Hamlin Goode Jr. is an American politician who served as a member of the United States House of Representatives from 5th congressional district of Virginia between 1997 and 2009. He was initially a Democrat, but became an independent in 2000 and switched to the Republican Party in 2002. He was narrowly defeated in 2008 by Democrat Tom Perriello.