John F. Kennedy Quotes
Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
Kennedy, John F. "Address to the Economic Club of New York." 14 Dec. 1962. Public Papers of the Presidents of the United States: John F. Kennedy, 1962. U.S. Government Printing Office, 1963, p. 879.
John Fitzgerald Kennedy, often referred to by his initials JFK, was an American politician who served as the 35th president of the United States from 1961 until his assassination in 1963. Kennedy served at the height of the Cold War, and the majority of his work as president concerned relations with the Soviet Union and Cuba. A Democrat, Kennedy represented Massachusetts in both houses of the U.S. Congress prior to becoming president.