Deficit Spending Quotes

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  • 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.

    Ayn Rand (1988). “The Ayn Rand Lexicon: Objectivism from A to Z”, p.234, Penguin
  • Conservatives in general, and even so called Tea Party conservatives, are not against transportation spending. Indeed, interstate commerce is one purpose of interstate highways and byways, and is one of the things the federal government is actually supposed to spend our tax dollars on. What conservatives are opposed to is needless and excessive spending, pork-barrel spending, deficit spending, spending to pick winners and losers among American individuals and corporations, and spending to promote the social and economic whims of the Washington few.

    Party   Government   Tea  
  • Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

    "Greenspan’s Testimony: Will the ‘Maestro’ Face the Music?" by Richard (RJ) Eskow, www.huffingtonpost.com. June 5, 2010.
  • The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

    Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”
  • We now know that inflation results from all that deficit spending.

  • We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.

    United States. President (1981-1989 : Reagan), Ronald Reagan (1982). “Ronald Reagan”
  • Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.

  • Deficit spending is simply a scheme for the confiscation of wealth.

    Money   Gold   Wealth  
    "Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.
  • Cliches about supporting the troops are designed to distract from failed policies, policies promoted by powerful special interests that benefit from war, anything to steer the discussion away from the real reasons the war in Iraq will not end anytime soon.

    Powerful   War   Real  
  • We can't have deficit spending in Texas. You have to balance your budget every two years.

    Texas   Years   Two  
  • To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.

    Thomas Jefferson, Jean M. Yarbrough (1963). “The Essential Jefferson”, p.242, Hackett Publishing
  • If we do our deficit spending on weapons, at least we get weapons. Then if we need weapons, we have them. If we don't need them, no harm is done.

    Needs   Done   Weapons  
    P. J. O'Rourke (2007). “Parliament of Whores: A Lone Humorist Attempts to Explain the Entire U.S. Government”, p.175, Grove/Atlantic, Inc.
  • The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

    Party   Evil   Debt  
  • The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

    "Alan Greenspan wants the US to go back on the gold standard" by Bill Bonner, www.businessinsider.com. July 10, 2016.
  • Capitalism should not be condemned, since we haven't had capitalism.

    Ron Paul (2008). “Pillars of Prosperity: Free Markets, Honest Money, Private Property”, p.43, Ludwig von Mises Institute
  • We think we can't survive without deficit spending - but we soon won't be able to survive with deficit spending, either.

  • We must not let our rulers load us with perpetual debt.

    Thomas Jefferson (2011). “Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way”, p.26, Skyhorse Publishing, Inc.
  • Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

    Money   Rights   Gold  
    Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin
  • In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

    Safety   Gold   Saving  
    Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin
  • I understand deficit spending. I was born in deficit spending.

    Born   Spending   Deficit  
  • 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. It is this one-two punch - Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.

  • To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.

    "Sarah Palin Talks Immigration, Economy and Political Future". "Fox News Sunday" with Chris Wallace, www.foxnews.com. August 01, 2010.
  • 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.

    "Deficits Make You Poorer" by Ron Paul, www.lewrockwell.com. March 15, 2005.
  • When you look at February's (2011) deficit spending alone, and the fact that it was larger than what our total deficit spending was in 2007, the proposals that the Senate is sending us simply are ridiculous, because it's not even a solution. It doesn't address the amount of spending that we have in a week's time. We need to get serious.

    Needs   Looks   Addresses  
    "Rep. Noem: Senate Budget Proposals ‘Ridiculous’". Fox News Interview, www.newsmax.com. March 11, 2011.
  • The American people want a balanced budget. They want Congress to stop this barbaric practice of perpetual deficit spending. It really, if you think about it, is a form of taxation without representation. We fought a war over that issue and we won that war.

    War   Thinking   Practice  
    "Tea Party Senator Mike Lee: We Need to Change the Way We Spend Money in Washington". "On the Record" with Greta Van Susteren, www.foxnews.com. April 12, 2011.
  • There is only one kind of freedom and that's individual liberty. Our lives come from our creator and our liberty comes from our creator. It has nothing to do with government granting it.

  • Democrats cannot win elections without capturing the votes of independent-minded swing voters. And that is where writing off the Tea Party as a bunch of racist kooks becomes self-destructive. The Tea Party outrage over health-care reform, deficit spending and entitlements run amok is no fringe concern.

  • I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

    Believe   Army   Names  
    Thomas Jefferson (1829). “Memoir, Correspondence, and Miscellanies: From the Papers of Thomas Jefferson”, p.277
  • Pushing gun control drives people [in my district] crazy, gay marriage, abortion, deficit spending.All of that stuff adds up to be a problem for Democrats.

    Crazy   Gay   Gun  
    Source: www.washingtonpost.com
  • In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system.

    "Democracy for the Few". Book by Michael Parenti, February 15, 2007.
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