Marie Antoinette Quotes
Madame Deficit
She was very extravagant in her living style at a time when the country was in deep financial straights. Resentment of this was one of the causes of the French Revolution.
Derogatory Nickname for Marie Antoinette, 1755-1793, Queen of France & wife of Louis XVI
Sourced by: Eigen's Political and Historical Quotations
The Dutch King’s brother, Emperor Napoleon Bonaparte Bonaparte, insisted on Dutch contributions to his war effort in the way of Dutch troops, ships and provisions. Yet there was not enough possible revenue to pay for such a war effort. Gogel was able to introduce efficiencies in many areas but still more taxes were needed. War expenditures took all the resources of the state and progress stopped and the kingdom was almost destroyed by the economic crisis.
The Dutch King’s brother, Emperor Napoleon Bonaparte Bonaparte, insisted on Dutch contributions to his war effort in the way of Dutch troops, ships and provisions. Yet there was not enough possible revenue to pay for such a war effort.
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.
The United States has an unusual set of laws with respect to paying the nation’s bills. Congress must vote for the budget which authorizes and triggers the buying and spending. Then when it comes to paying for what has been bought, Congress must vote again to raise the debt ceiling so the national can pay for what Congress has already directed to be bought. Congress, in 2012 and 2013, voted to spend the money and then balked at authorizing the administration to borrow the money to pay the bills.
Marie Antoinette was the last queen of France before the French Revolution. She was born an archduchess of Austria and was the penultimate child and youngest daughter of Empress Maria Theresa and Emperor Francis I. She became dauphine of France in May 1770 at age 14 upon her marriage to Louis-Auguste, heir apparent to the French throne. On 10 May 1774, her husband ascended the throne as Louis XVI and she became queen.
