“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.” FirstsBelieveKindTwoDoneChoicesI BelieveResultsEconomyCuttingAchieveTypeTaxesWasteWeaknessEconomicsIncreaseInvestmentDebtPracticalsBudgetsTemporaryTransitionTaxationRevenueDeficitInadequateBoostInertiaTax CutsSurplusUnwanted Author:John F. Kennedy
“The federal budget deficit is the biggest single impediment to revitalizing the American economy.” EconomyEconomicsBudgetsDeficitImpedimentsAmerican EconomyBudget Deficit Author:Alice Rivlin
“Of course, there's been a real debate about where to invest and where to cut, and I'm committed to working with members of both parties to cut our deficits and debt. But we can't simply cut our way to prosperity.” WayRealCoursesPartyCuttingMembersEconomicsCommittedProsperityDebtDebateTaxationDeficit Author:Barack Obama
“Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are.” IfsThinkingLawStrangeOrdinaryEconomicsNotionDeficitProsperousIndebtedness Author:Albert J. Nock
“Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.” NeedsGivingDoeJobsWealthClassBreakRichEconomicPolicyTaxesBenefitsEconomicsIncreaseIncomeInequalityCorporationsFraudDeficitBillionaireEconomic PolicyTax BreaksTrickle DownWealth InequalityTrickle Down Economics Author:Bernie Sanders
“Cutting budget deficits can never be just an exercise in economics.” CuttingExerciseEconomicsBudgetsDeficitBudget Deficit Author:George Osborne
“There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.” LooksProblemLightLosesStreetsKeysJokesEconomicsDrunkDeficit Author:Christina Romer
“There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.” ShouldSciencePoliticalUsedStarsNumbersLearningHugeHundredDiscoveryEconomicsBillionsUsed To BeEconomistGalaxyDeficitHuge Numbers Author:Richard P. Feynman