Wyndham Lewis Quotes
So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to gird up your loins, or the guns-butter metaphor.
Lewis, Wyndham. America and Cosmic Man. Nicholson & Watson, 1948, p. 23.
A decade later Senator Phil Gramm utilized the same idea describing the budget crisis of 1990.
President Jefferson in 1803, in the first instance of presidential impoundment, deferred for a few months the building of gunboats for which Congress had appropriated funds. In 1876 the President actually refused to spend the congressionally appropriated funds for river and harbor improvements in the midst of bad economic times:
1st Viscount Snowden
Finding some accounting difference relieves the politician of the difficult choice between raising taxes or cutting expenses. That is why it has been so popular. Besides, it is a way of taking todays problem and pushing them off on politicians to come as the accounting gimmicks always have to be paid for at some point. Accounting gimmicks are not just small items. The Republicans, during the George W. Bush administration financed all the costs of Bush’s 2 wars by not counting any of the expenses on the budget and therefore they didn’t have to raise taxes to pay the expenses, which just got added to the national debt to be paid by future administrations.
Percy Wyndham Lewis was an English writer, painter, and critic. He was a co-founder of the Vorticist movement in art and edited BLAST, the literary magazine of the Vorticists.