Arnold Schwarzenegger Quotes


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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.


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.


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.


Arnold Schwarzenegger
Arnold Schwarzenegger
  • Born: July 30, 1947
  • Nationality: Austrian
  • Profession: Actor

Arnold Alois Schwarzenegger is an Austrian-American actor, producer, businessman, retired bodybuilder, and former politician who served as the 38th governor of California from 2003 to 2011. As of 2021, he is the most recent Republican governor of California.