Winston Churchill Quotes
Saving is a fine thing. Especially when your parents have done it for you.
Langworth, Richard M. Churchill by Himself: The Definitive Collection of Quotations. PublicAffairs, 2008, p. 48.
He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.
Sir Winston Leonard Spencer Churchill, KG, OM, CH, TD, DL, FRS, RA was the Prime Minister of the United Kingdom from 1940 to 1945, during the Second World War, and again from 1951 to 1955. Apart from two years between 1922 and 1924, Churchill was a Member of Parliament (MP) from 1900 to 1964 and represented a total of five constituencies. Ideologically an economic liberal and imperialist, he was for most of his career a member of the Conservative Party, as leader from 1940 to 1955. He was a member of the Liberal Party from 1904 to 1924. Churchill was also well known for his military career and as a historian, painter and writer, and among his many awards was the Nobel Prize in Literature.