“The folks celebrating Jim Bunning are seeing him as an anti-government, anti-spending activist. But to embrace Jim Bunning is to embrace a strange record, if you really are a libertarian, if you really are a deficit hawk, if you really care about spending and responsibility.” IfsGovernmentCareResponsibilityRecordsSeeingStrangeEmbraceFolksSpendingLibertarianCelebrateActivistDeficitHawksAnti Government Author:Rachel Maddow
“I lowered taxes in New York. I reduced the size of government in New York. I took a $2.4 billion deficit and turned it into a $3.2 billion surplus. And I reduced taxes over 23 times or 23 times.” GovernmentNew YorkTaxesSizeBillionsDeficitSurplusSize Of Government Author:Rudy Giuliani
“If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.” IfsWayTwoGovernmentActionWantedSchoolJobsEnergyTermSimplePayCompanyMillionsEffectsBuildingCollegeDebtSavingBest ThingsGuaranteesHospitalsMuseumsInfrastructureDeficitLoanUtilitySavingsContractor Author:William J. Clinton
“Meanwhile, the U.S. debt remains, as it has been since 1790, a war debt; the United States continues to spend more on its military than do all other nations on earth put together, and military expenditures are not only the basis of the government's industrial policy; they also take up such a huge proportion of the budget that by many estimations, were it not for them, the United States would not run a deficit at all.” Has BeensWarStatesGovernmentRunningEarthTogetherNationsUnitedUnited StatesMilitaryPolicyHugeBasesRemainsDebtBudgetsProportionDeficitExpendituresEstimationBudget Deficit Author:David Graeber
“At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.” MomentsGovernmentHappensAreasTradePatternsVariousBalancedGlobesDeficitSurplus Book:Contributions to Modern Economics Source: Contributions to Modern Economics
“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.” GovernmentRunningProcessEconomyBalanceCircumstancesPressureEtcMore MoneyReservesSevereTaxationInflationDeficitPaymentMonetaryBorrowingFinancing Author:John James Cowperthwaite
“But public works, economic protectionism, cheap money, "deficit-financed government spending," and "the animal spirits of the spendthrift in the service of boosting "consumption demand"... Doesn't Keynesianism simply appeal to the worst in human nature?” HumansGovernmentSpiritAnimalEconomicWorstHuman NatureDemandSpendingAppealsConsumptionDeficitGovernment SpendingProtectionismSpendthriftAnimal SpiritsKeynesianism Author:Ilana Mercer
“the State only aims at instilling those qualities in its public by which its demands are obeyed, and its exchequer is filled. Its highest attainment is the reduction of mankind to clockwork. In its atmosphere all those finer and more delicate liberties, which require treatment and spacious expansion, inevitably dry up and perish. The State requires a taxpaying machine in which there is no hitch, an exchequer in which there is never a deficit, and a public, monotonous, obedient, colorless, spiritless, moving humbly like a flock of sheep along a straight high road between two walls.” TwoStatesGovernmentMovingQualityLibertyMankindWallDemandHighestMachinesAimFilledAtmosphereDryTreatmentDelicateSheepExpansionDeficitAttainmentReductionObedientFlocksMonotonousClockworkHigh RoadDry UpColorless Author:Ouida
“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.” LongTwoGovernmentSchoolTermChallengesDecisionBuildingTaxesLong TermTwo ThingsHolidayInfrastructureDeficitReductionPayrollPayroll Tax Author:Jacob Lew
“Because of the oil-and-water relationship governments have cultivated between ethics and political economy, speaking in plain terms - spelling it out as it is - as become foreign to the public. So here goes: When government sports a surplus, this implies that the political pickpockets have stolen more funds than they can possibly dream of spending. The property is not theirs to keep! Conversely, when deficits are reported, this means that the kleptomaniacs have not been able to steal sufficient funds to cover their profligacy.” MeanDreamGovernmentAblePoliticalPoliticsSportsTermWaterEconomyEthicsPropertySpendingOilStealingSufficientFundStolenDeficitSpellingSurplusPolitical EconomyOil And Water Author:Ilana Mercer