Deficit Spending Quotes

Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

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

As a community we have been living beyond our means…. We have been living at a rate which is simply not justified by the amounts of goods and services we are producing.

We simply can't spend our way out of a recession.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... … Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

I do not pretend to step out of my own sphere and to control the internal management of other departments, but it seems to me that as Secretary of the Treasury, I may ask, that, while peace continues, the aggregate of the expenditure of those departments be kept within bounds such as will preserve the equilibrium between the national revenue and expenditure without recurrence to loans.

Let us have the courage to stop borrowing to meet continuing deficits. Revenues must cover expenditures by one means or another. Any government, like any family, can, for a year, spend a little more than it earns. But you know and I know that a continuation of the habit means the poor house.

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.

Gerald Ford's economics is the worst thing that's happened to this country since pantyhose ruined finger-fucking.

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.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.

The modern GOP has perfected this cyclical deficit outrage ritual. Republicans run up the tab when they control the White House, then scream about deficits when Democrats win - insisting that 'serious reform' means cutting only Democratic budget priorities.

We are all Keynesians now.

Spending on the military doesn't increase the deficit.

The single biggest threat to our national security is our debt.

I don't want to remember 2005 as a year that the government heaped unnecessary burdens upon American families. Stealing from the poor and middle class and giving to the rich, while increasing the deficit, is hardly responsible.

During the 2016 presidential campaign, candidate Donald Trump pledged to eliminate our national debt 'over a period of eight years.' Now two years into his administration, our national debt has increased, surpassing $21 trillion for the first time in American history.

The real problem with the government is not the deficit; it is that the government spends too much money.

If you raise taxes, it won't reduce the deficit. The other team will simply spend the resources.

In order to truly get deficit spending and federal debt under control, the Trump administration is going to have to eventually address entitlement reform. If not, Trump will not only become part of the Washington status quo on the issue, but will leave burdensome and expensive problems for future generations.

A budget matters to people who worry about protecting and saving critical programs like Medicare and Social Security. A budget matters to younger workers who fear that more and more money will be taken from their paychecks to fund another generation's spending spree.

When you’re spending 24 billion dollars in pork barrel transportation projects how can you go to the American people and talk about tax increases.

The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price.

China, Japan, and Asia in general have been happy to hold U.S. debt instruments in recent decades, but they will not prop up our spending habits forever…. The greatest threat facing America today is not terrorism, or foreign economic competition, or illegal immigration. 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.

The course of unbalanced budgets is the road to ruin