“There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.” IfsRunningLosesLossMistakeCuttingBalanceTaxesBiggerPressesEntrepreneurChecksAppropriateMore MoneyPitsPrintingPrinting Press Author:Peter Schiff
“Ron Paul would have demanded that entire departments be shuttered – not that the bums merely bring into balance what was stolen (taxes) with what is squandered (spending). Besides, what a balanced-budget requirement implies is that government has the constitutional right to spend as much as it takes in – that government is permitted to waste however much revenue it can extract from wealth producers.” GovernmentWealthBalanceTaxesWasteSpendingProducersBudgetsBalancedRequirementsStolenRevenueBalanced Budget Author:Ilana Mercer
“One of the most insidious consequences of the present burden of personal income tax is that it strips many middle class families of financial reserves & seems to lend support to campaigns for socialized medicine, socialized housing, socialized food, socialized every thing. The personal income tax has made the individual vastly more dependent on the State & more avid for state hand-outs. It has shifted the balance in America from an individual-centered to a State-centered economic & social system.” MadeStatesHandsSeemsAmericaIndividualSocialClassSupportEconomicMiddleBalanceTaxesConsequenceMedicineFinancialBurdenCampaignsIncomeDependentMiddle ClassReservesHousingIncome TaxInsidiousSocial SystemsAvidMiddle Class FamilySocialized Medicine Author:William Henry Chamberlin
“The estate taxes, on balance, are good. They get people to give money to charity, and they prevent these family dynasties which keep other people from having opportunities. It may be good for a family, but for society it's probably not good. And I've always been in favor of having an estate tax.” PeopleGivingMayOpportunityBalanceTaxesCharityBe GoodFavorsEstatesDynastyEstate Taxes Author:Michael Bloomberg
“A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future.” IfsMatterStatesPastMistakeCuttingNeededBalancePoliticianTaxesVoteSpendingBudgetsCaliforniaFedsVotersHikingInitiativeRejectedSparesPreparingSignalsUrgentFixingBallotsPast MistakesBailoutsSpending Cuts Author:Peter Schiff
“And what would help minority workers are the same things that would help white workers: the opportunity to earn a living wage, the education and training that lead to such jobs, labor laws and tax laws that restore some balance to the distribution of the nation's wealth.” HelpingJobsLawOpportunityNationsWealthWhiteBalanceTaxesTrainingLaborWorkersMinoritiesDistributionLiving WageLabor Laws Book:The Audacity of Hope: Thoughts on Reclaiming the American Dream Source: The Audacity of Hope: Thoughts on Reclaiming the American Dream
“Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It's fair.” YearsBalanceTaxesFairsBudgetsConsumptionMeasurementTax SystemFederal Taxes Author:Gary Johnson
“People that live in the Northeast are leaving the Northeast for a whole host of reasons. They're relocating in Southern states and Midwestern states - no-income-tax states, milder climate states - and it's affecting the balance of power in those states.” PeopleStatesReasonWholeBalanceTaxesClimateLeavingIncomeSouthernHostIncome TaxBalance Of PowerRelocating Author:Rush Limbaugh
“I'm pleased that I've balanced budgets. I was on the world of business for 25 years. If you didn't balance your budget, you went out of business. I went into the Olympics that was out of balance, and we got it on balance, and made a success there. I had the chance to be governor of a state. Four years in a row, Democrats and Republicans came together to balance the budget. We cut taxes 19 times and balanced our budget.” IfsWorldYearsMadeStatesTogetherChanceFourCuttingBalanceRepublicanTaxesDemocratBudgetsFour YearsBalancedGovernorsOlympicsBalanced Budget Author:Mitt Romney
“We should balance the budget. If government programs are important enough, we need to pay for them with taxes or make cuts in lesser programs. We've lost that discipline entirely. It seems prudent to avoid the possibility that the people who own our debt will start to worry the U.S. won't pay. That would raise how much it would cost the U.S. to borrow, which in a national emergency, like a war or pandemic, could be critical.” PeopleImportantWarEnoughWorryCuttingPossibilityBalanceDisciplineTaxesProgram Author:Robert J. Samuelson
“Most of what we know we don't really know first hand. I've never seen a cancer cell. But I trust this community of experts who have, so I believe that cancer exists. But we trust these experts, and we trust that the experts have a system of checks and balances and self-correction. And we have to insist that experts have certain certifications. They're not perfect. Every once in awhile there's an engine falls off the wing of a plane, or a tax audit happens and you find out your expert made a mistake. But it's a pretty good system. It's the best system we've got.” BelieveFallI BelieveCommunityPerfectMistakeBalanceTaxesCancerNot PerfectMade A Mistake Author:Daniel Levitin
“Our true choice is not between tax reduction on the one hand and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits.” LongEnoughChoicesPartyEconomySecurityBalanceTaxesRateNational SecurityAvoidance Author:John F. Kennedy
“Growth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.” BelieveGrowthTermCuttingEconomicBalanceTaxesEconomic Growth Author:Mick Mulvaney
“You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time windfall that makes you a lot money you could end up in the top tax bracket. But if you're a corporation you are allowed to reach forward with deferrals for years. Over a 45 to 50 year period, you can balance out the winning years and the losing years in such a way that you pay very little tax, especially considering the time-value of the money.” WinningBalanceTaxesLosing Author:David Cay Johnston
“Why do you tolerate it? (Kat) The same reason Sin hasn’t resigned himself to death. There are six billion people on earth who need someone to protect them from things that are scarier than the tax man or a knife-wielding stranger. Things that a gun won’t stop. As long as their lives hang in the balance, what’s a little humiliation for me? (Acheron)” PeopleMenNeedsLittlesLongReasonEarthSinBalanceProtectTaxesSixGunStrangerBillionsKnivesTolerateHumiliationResigned Author:Sherrilyn Kenyon