Best Deficit Spending Quotes | Short & Famous Sayings

“These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. Wait—Texas? Wasn't Texas supposed to be thriving even as the rest of America suffered? Didn't its governor declare, during his re-election campaign, that 'we have billions in surplus'? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years. And that reality has implications for the nation as a whole. For Texas is where the modern conservative theory of budgeting—the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending—has been implemented most completely. If the theory can't make it there, it can't make it anywhere.”

“And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers.”

Political Philosophy National Debt Fiscal Policy Deficit Spending

Book:Letters of Thomas Jefferson

Source: Letters of Thomas Jefferson

“The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

National Debt Fiscal Policy Deficit Spending

Author:Thomas Jefferson

“What is raised by printing notes is just as much taken from the public as is a beer-duty or an income-tax. What the Government spends the public pays for. There is no such thing as an uncovered deficit.”

Deficit Political Economy Deficit Spending

Book:Tract on Monetary Reform

Source: Tract on Monetary Reform

“Deficit spending increases poverty, even when the deficit spending is used for charitable purposes.”

Government Charity Deficit Spending Mcgroarty For Freedom

Author:Colin M. McGroarty

“The American people want a balanced budget. They want Congress to stop this barbaric practice of perpetual deficit spending. It really, if you think about it, is a form of taxation without representation. We fought a war over that issue and we won that war.”

“Deficit spending is simply a scheme for the confiscation of wealth.”

Wealth Money Gold Spending Schemes Inflation Deficit Property Rights Banking System Money And Power Monetary System Gold Standard Deficit Spending Buying Gold

Author:Alan Greenspan

“When you look at February's (2011) deficit spending alone, and the fact that it was larger than what our total deficit spending was in 2007, the proposals that the Senate is sending us simply are ridiculous, because it's not even a solution. It doesn't address the amount of spending that we have in a week's time. We need to get serious.”

Needs Looks Facts Week Serious Amount Solutions Spending Ridiculous Addresses Senate Deficit Proposal February Deficit Spending

Author:Kristi Noem

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”

Source: Capitalism: The Unknown Ideal

“In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system.”

Government Political Opportunity Process Support Taxes Gains Spending Enterprise Expenses Nurture Deficit Accumulation Subsidies Tax System Deficit Spending

Author:Michael Parenti

“Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.”

“If we do our deficit spending on weapons, at least we get weapons. Then if we need weapons, we have them. If we don't need them, no harm is done.”

Ifs Needs Done Weapons Spending Harm Deficit National Debt Deficit Spending

Book:Parliament of Whores: A Lone Humorist Attempts to Explain the Entire U.S. Government

Source: Parliament of Whores: A Lone Humorist Attempts to Explain the Entire U.S. Government

“I understand deficit spending. I was born in deficit spending.”

Born Spending Deficit Deficit Spending

Author:Al Sharpton

“The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.”

Thinking Philosophy Facts Government Generations Policy Spending Dues Contemporary Justification Deficit Unprecedented Pseudo Previous Generations Deficit Spending Keynesianism

Book:Planning for freedom, and twelve other essays and addresses

Source: Planning for freedom, and twelve other essays and addresses

“Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.”

Interest Economy Weight Dollars Rate Spending Collapse Commodity Deficit Accumulation Interest Rate Liability Contingency Socialization Deficit Spending Commodity Prices

Author:Peter Schiff

“Pushing gun control drives people [in my district] crazy, gay marriage, abortion, deficit spending.All of that stuff adds up to be a problem for Democrats.”

People Problem Stuff Crazy Gay Gun Add Democrat Spending Abortion Pushing Gun Control Deficit Gay Marriage Deficit Spending

Author:Collin Peterson

“To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.”

Mind Government Grows Cutting Taxes Debt Spending Enormous Budgets Reign Deficit Proposal Private Sector Tax Cuts Budget Deficit Deficit Spending

Author:Sarah Palin

“There is only one kind of freedom and that's individual liberty. Our lives come from our creator and our liberty comes from our creator. It has nothing to do with government granting it.”

Kind Government Individual Liberty Our Lives Creator Individual Liberty Deficit Spending Preventive War

Author:Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”

Should Mean Simple Generations Politician Pure Taxes Increase Spending Exposed Deficit Future Generation Hiker Tax Increases Deficit Spending

Author:Ron Paul

“Cliches about supporting the troops are designed to distract from failed policies, policies promoted by powerful special interests that benefit from war, anything to steer the discussion away from the real reasons the war in Iraq will not end anytime soon.”

War Real Ends Reason Interest Powerful Special Policy Benefits Madness Iraq Discussion Troops Cliche Steers Special Interests Deficit Spending Preventive War

Author:Ron Paul

“Capitalism should not be condemned, since we haven't had capitalism.”

Should Havens Capitalism Deficit Spending Preventive War

Book:Pillars of Prosperity: Free Markets, Honest Money, Private Property

Source: Pillars of Prosperity: Free Markets, Honest Money, Private Property

“We can't have deficit spending in Texas. You have to balance your budget every two years.”

Years Two Balance Spending Budgets Two Years Texas Deficit Deficit Spending

Author:Rick Perry

“The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.”

Evil Party Debt Spending Arguing Deficit Deficit Spending

Author:Matt Taibbi

“Democrats cannot win elections without capturing the votes of independent-minded swing voters. And that is where writing off the Tea Party as a bunch of racist kooks becomes self-destructive. The Tea Party outrage over health-care reform, deficit spending and entitlements run amok is no fringe concern.”

“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Source: Memoir, Correspondence, and Miscellanies: From the Papers of Thomas Jefferson

“To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.”

Source: The Essential Jefferson

“We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.”

Enough Political Politics Liberty Too Much Havens Dollars Conservative Debt Communism Income Tax National Debt Tax Day Deficit Spending Best Party

Book:Ronald Reagan

Source: Ronald Reagan

“The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.”

“We now know that inflation results from all that deficit spending.”

Knows Results Economy Spending Inflation Deficit Deficit Spending

Author:Ronald Reagan

“The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch - Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.”

“Conservatives in general, and even so called Tea Party conservatives, are not against transportation spending. Indeed, interstate commerce is one purpose of interstate highways and byways, and is one of the things the federal government is actually supposed to spend our tax dollars on. What conservatives are opposed to is needless and excessive spending, pork-barrel spending, deficit spending, spending to pick winners and losers among American individuals and corporations, and spending to promote the social and economic whims of the Washington few.”

“We think we can't survive without deficit spending - but we soon won't be able to survive with deficit spending, either.”

Thinking Able Political Spending Deficit Deficit Spending

Author:Tony Blankley

“We must not let our rulers load us with perpetual debt.”

Source: Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way

“Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

Source: Capitalism: The Unknown Ideal

“Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.”

People Government Action Support Policy Citizens Spending Scales Saving Artificial Expansion Inflation Deficit Savings Robbers Plunder Fiscal Policy Deficit Spending

Book:The Ayn Rand Lexicon: Objectivism from A to Z

Source: The Ayn Rand Lexicon: Objectivism from A to Z