Deficit Spending Quotes

• 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

  Mean, Rights, Understanding

  "Alan Greenspan wants the US to go back on the gold standard" by Bill Bonner, www.businessinsider.com. July 10, 2016.

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• 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.

  Ron Paul

  Mean, Simple, Generations

  "Deficits Make You Poorer" by Ron Paul, www.lewrockwell.com. March 15, 2005.

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• 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

  Government Debt, Independence, Liberty

  Thomas Jefferson, Jean M. Yarbrough (1963). “The Essential Jefferson”, p.242, Hackett Publishing

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

  Alan Greenspan

  Money, Gold, Wealth

  "Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.

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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

  Government, People, Support

  Ayn Rand (1988). “The Ayn Rand Lexicon: Objectivism from A to Z”, p.234, Penguin

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• We now know that inflation results from all that deficit spending.

  Ronald Reagan

  Economy, Results, Spending

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

  Thomas Jefferson

  Government Welfare, Government Debt, Historical

  Thomas Jefferson (2011). “Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way”, p.26, Skyhorse Publishing, Inc.

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• 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.

  Ronald Reagan

  Political, Liberty, Dollars

  United States. President (1981-1989 : Reagan), Ronald Reagan (1982). “Ronald Reagan”

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• 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.

  Alan Greenspan

  Safety, Gold, Saving

  Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

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• 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

  Cutting, Government, Mind

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

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• 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.

  Alan Greenspan

  Money, Rights, Gold

  Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

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• 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.

  Ron Paul

  Government, Liberty, Kind

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• Capitalism should not be condemned, since we haven't had capitalism.

  Ron Paul

  Should, Preventive War, Capitalism

  Ron Paul (2008). “Pillars of Prosperity: Free Markets, Honest Money, Private Property”, p.43, Ludwig von Mises Institute

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• 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.

  Ron Paul

  Powerful, War, Real

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• 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.

  Thomas Jefferson

  Believe, Army, Names

  Thomas Jefferson (1829). “Memoir, Correspondence, and Miscellanies: From the Papers of Thomas Jefferson”, p.277

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• 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.

  Ron Paul

  America, Government, Printing Money

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• We think we can't survive without deficit spending - but we soon won't be able to survive with deficit spending, either.

  Tony Blankley

  Thinking, Political, Able

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• 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.

  Mike Lee

  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.

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• 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

  Philosophy, Thinking, Government

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

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• 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.

  Alan Greenspan

  Government, Support, Political

  "Greenspan’s Testimony: Will the ‘Maestro’ Face the Music?" by Richard (RJ) Eskow, www.huffingtonpost.com. June 5, 2010.

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• 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.

  Collin Peterson

  Crazy, Gay, Gun

  Source: www.washingtonpost.com

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

  Rick Perry

  Texas, Years, Two

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• 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.

  Juan Williams

  Running, Party, Independent

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• 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.

  Kristi Noem

  Needs, Looks, Addresses

  "Rep. Noem: Senate Budget Proposals ‘Ridiculous’". Fox News Interview, www.newsmax.com. March 11, 2011.

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• 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.

  Michael Parenti

  Opportunity, Government, Political

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

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