“It has been obvious all along, to anyone paying attention, that the politicians shouting loudest about deficits are actually using deficit hysteria as a cover story for their real agenda, which is top-down class warfare. To put it in Romneyesque terms, it's all about finding an excuse to slash programs that help people who like to watch Nascar events, even while lavishing tax cuts on people who like to own Nascar teams.” PeopleHas BeensRealHelpingStoriesTermAttentionClassWatchesCuttingTeamEventsPoliticianTaxesFindingsProgramObviousExcusePay AttentionAgendasWarfareDeficitShoutingHysteriaTax CutsClass WarfareTop DownNascar Author:Paul Krugman
“We don't need more politicians insisting we have deficits because you're not taxed enough. Those deficits ballooned from an economy that didn't grow enough and from 50 years of government spending too much.” NeedsYearsEnoughGovernmentGrowsEconomyToo MuchPoliticianSpendingDeficitAmerican PoliticsInsistingGovernment Spending Book:Ronald Reagan Source: Ronald Reagan
“If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.” PeopleIfsDoeGovernmentCoursesNationsDealsPoliticianTaxesPercentConsequenceMethodAvailableIncomeTaxationDeficitDown The RoadBorrowingIndirect Author:Milton Friedman
“When Congress votes for all sorts of benefits, without voting for enough taxes to pay for them, they get the support of those who have been promised the benefits, without getting grief from the taxpayers. It's strictly win-win as far as the welfare-state politicians are concerned. But it is strictly lose-lose, big-time, for the country, as deficits skyrocket.” Has BeensCountryStatesEnoughBigsWinningLosesGriefPaySupportPoliticianTaxesBenefitsConcernedVoteCongressWelfareVotingDeficitTaxpayersWelfare StateWin Win Author:Thomas Sowell
“After a decade of profligacy, the American people are tired of politicians who talk the talk but don't walk the walk when it comes to fiscal responsibility. It's easy to get up in front of the cameras and rant against exploding deficits. What's hard is actually getting deficits under control. But that's what we must do. Like families across the country, we have to take responsibility for every dollar we spend.” PeopleCountryHardEasyWalksResponsibilityFrontsPoliticianCamerasTiredDollarsDecadesGet UpTaking ResponsibilityDeficitEasy To GetExplodingRantLike FamilyFiscal Responsibility Author:Barack Obama
“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.” ShouldMeanSimpleGenerationsPoliticianPureTaxesIncreaseSpendingExposedDeficitFuture GenerationHikerTax IncreasesDeficit Spending Author:Ron Paul