government finance Quotes

Who controls the issuance of money controls the government!

If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.

it is obvious that there is only wanting to the fiscal prosperity of the Government the restoration of an uniform medium of exchange … it is essential that the nation should possess a currency of equal value, credit, and use wherever it may circulate. The Constitution has entrusted Congress exclusively with the power of creating and regulating a currency

It is your tax which pays for public spending. The government have no money of their own. There is only taxpayers' money.

There is a limit to how much the United States Treasury can borrow.

The question of how to structure our nation's financial system arose in the early years of the republic.

We need to replace hyperbole with a reasonable, informed discussion about how to reinvent the federal budget with more transparency and better accountability.

Raising the debt limit on some levels is a ministerial act. It doesn't involve any new spending.

Reviewing a government budget is much like going through the attic in an old home.

The challenge for any government is how do you do two things at the same time. How do you put money forward for things like the payroll tax holiday, for things like getting a jump-start on infrastructure, for building schools, and make the decisions for long-term deficit reduction.

According to the National Priorities Project, military expenditures are 54% of the budget. The next biggest line item is 7%. And there are a whole bunch of 7 percents. So in short, we have a military budget surrounded by a lot of footnotes. This is not serving us well.

As a Main Street businessman, I believe we need to reduce runaway federal spending and address our national debt and the MAP Act provides Congress with the tools to accomplish this goal.

EO 11110 did not order the printing of Silver Certificates. It ordered the amendment of a previous executive order so that the United States Code would authorize or 'empower' the Secretary of the Treasury to issue Silver Certificates if the occasion should arise.

We need to find a way of having a conversation across the parties on how you fund local government.

A public debt is a public curse and in a representative government greater than any other.

What I wanted to do was see if we couldn't balance the budget.

Any government, like individuals and families, cannot spend more than they take in without courting disaster.

As a general rule, governments are wise to avoid taxation that is voluntary, as they need a steady stream of income.

The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it on purpose to debase the value of its own paper currency was one to astonish the world.

The federal government cannot maintain a budget surplus any more than an alcoholic can leave a fresh bottle of whiskey untouched in the cupboard.

You can always raise taxes on the rich, but that will not solve the deficit problem.

The U.S. government uses cash accounting. That is illegal for any enterprise of any size in America except for the U.S. government. Every for-profit business, every not-for-profit business, every state and local government has to use real accounting except for Uncle Sam.

It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.

He [President Ronald Reagan] has tried to balance the budget on the backs of state and local government.

I think we should balance the federal budget tomorrow. I'm optimistic. I think Americans are optimistic. We went to the moon; we can balance the federal budget.