Economic Sacrifice Quotes
Wilson was very candid that there would be high cost to war and sacrifice would be needed. See {584570} for other similar candor. This quotation was often used by critics of George W. Bush who initiated the Iraq War and then cut taxes for the rich, but then financed the war through the budgetary emergency appropriations bypassing the budget rules that the revenue must be specified to pay for it. His administration even claimed at an early stage in the war that the oil revenue from Iraq oil would defray the costs.
At the beginning of the First World War the senator called for surplus profits taxes on business to finance the war effort. President Wilson preferred bond financing and the business community castigated the Senator for not supporting the President's position. Later, when Wilson adopted the senator's view and called for additional taxes:
FDR’s attempt to cap WWII income with any excess going to pay for the war failed as the wealthy in the country pulled out “all the stops” to defeat the proposal. Roosevelt was able, however, to get a maximum tax bracket of 88 percent on all income over $200,000 which was less onerous to the very rich but still terrible. They could not defeat that proposal.
See {632309} for an similar French Political expression made at approximately the same time over an important principle. However, commerce in its many forms such as business and job creation has been the major reason for compromising important moral and political principles during much of recorded history.
Roosevelt was very candid with the American people that there would be high cost to war and sacrifice would be needed. See {584569} for other similar candor. This quotation was often used by critics of George W. Bush who initiated the Iraq War and then cut taxes for the rich, but then financed the war through the budgetary emergency appropriations bypassing the budget rules that the revenue must be specified to pay for it. His administration even claimed at an early stage in the war that the oil revenue from Iraq oil would defray the costs.
