“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 organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society.” IfsKindTodayPoliticsEconomySecurityMovementIdentityTypeProtectLaborOrganizedLiberalismEmployeeCollectivesCapitalistEmployersPremisesBargainingLabor MovementOrganized LaborCollective BargainingCapitalist Economy Book:Reveille for Radicals Source: Reveille for Radicals
“The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most meaningful types of private property and free contracting disappear from the moral horizon of the people.” PeoplePoliticsNationsMoralEconomyTypeFoundationPropertyDisappearMeaningfulLiberalismHorizonConcretePrivate PropertyMost MeaningfulContracting Book:Capitalism, Socialism and Democracy Source: Capitalism, Socialism and Democracy