Deficit Spending Quotes:

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

- Ron Paul

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

topic: Should, Deficit Spending, Preventive War

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

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

topic: Mean, Rights, Understanding, Money And Power, Monetary System

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

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

topic: Mean, Simple, Generations, Deficit Spending, Tax Increases

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

topic: Independence, Liberty, Debt, Servitude, Limiting Government

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

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

topic: Government, People, Support, Fiscal Policy, Deficit Spending

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

- Ronald Reagan

topic: Economy, Results, Spending, 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.

- Ronald Reagan

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

topic: Political, Liberty, Dollars, Income Tax, Tax Day

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

topic: Safety, Gold, Saving, Money And Power, Monetary System

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

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

topic: Cutting, Government, Mind, Deficit Spending, Tax Cuts

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

topic: Government, Liberty, Kind, Individual Liberty, Deficit Spending

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

topic: Powerful, War, Real, Special Interests, Deficit Spending

The country is headed toward a single and splendid government of an aristocracy founded on banking institutions and moneyed incorporations and if this tendency continues it will be the end of freedom and democracy, the few will be ruling...I hope we shall...crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to trial and bid defiance to the laws of our country. I sincerely believe that banking establishments are more dangerous than standing armies.

- Thomas Jefferson

topic: Crush, Country, Believe, Large Scale, Incorporation

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

topic: America, Government, Printing Money, Fiscal Policy, Deficit Spending

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

- Tony Blankley

topic: Thinking, Political, Able, Deficit Spending

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

source: "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.

topic: War, Thinking, Practice, Deficit Spending, Balanced Budget

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

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

topic: Philosophy, Thinking, Government, Keynesianism, Previous Generations

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

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

topic: Government, Support, Political, Welfare State, Deficit Spending

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

source: Source: www.washingtonpost.com

topic: Deficit Spending

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

- Rick Perry

topic: Texas, Years, Two, Deficit Spending

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

topic: Running, Party, Independent, Deficit Spending, Health Care Reform

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

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

topic: Needs, Looks, Addresses, Deficit Spending

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

topic: Opportunity, Government, Support, Deficit Spending, Tax System

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.

- Peter Schiff

topic: Commodity Prices, Weight, Dollars, Socialization, Deficit Spending

I understand deficit spending. I was born in deficit spending.

- Al Sharpton

topic: Born, Spending, Deficit, Deficit Spending

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.

- P. J. O'Rourke

topic: Needs, Done, Weapons, Deficit Spending

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

- Matt Taibbi

topic: Party, Evil, Debt, Deficit Spending

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.

- Barry Loudermilk

topic: Party, Government, Tea, Interstate, Deficit Spending