Financial Responsibility Quotes
AI Explanation: Milton Friedman explains 4 ways to spend money: 1) Spend your money on yourself (you will be careful about both cost and quality) 2) Spend your money on others (you care about cost, less about quality) 3) Spend someone else’s money on yourself (you care about quality, not cost) 4) Spend someone else’s money on others (you care about neither) The last one is how government spending works.
Wilson was very candid that there would be high cost to war and sacrifice would be needed. See {584570} for other similar candor. This quotation was often used by critics of George W. Bush who initiated the Iraq War and then cut taxes for the rich, but then financed the war through the budgetary emergency appropriations bypassing the budget rules that the revenue must be specified to pay for it. His administration even claimed at an early stage in the war that the oil revenue from Iraq oil would defray the costs.