“A balanced-budget requirement implies is that government has the constitutional right to spend as much as it takes in; that government is permitted to waste however much revenue it can extract from wealth producers, and that the bums must merely bring into balance what was stolen (taxes) with what is squandered (spending).”

— Ilana Mercer

“Rand Paul: Action Hero, Or Political Performance Artist?” http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=700 WorldNetDaily.com, March 1, 2013.
2010s, 2013

Adopted from Wikiquote. Last update June 3, 2021. History

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Ilana Mercer 288

South African writer

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“A tax cut means higher family income and higher business profits and a balanced federal budget…. As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: "Radio and Television Address to the Nation on the Test Ban Treaty and the Tax Reduction Bill" (18 September 1963) http://www.presidency.ucsb.edu/ws/?pid=9413

“You know, the Democrats want to balance the budget by raising spending and raising taxes. The Soviet Union had a balanced budget.”

Tom DeLay (1947) American Republican politician

Meet the Press, 2003 December 12.
2000s

“The problem is not that people are taxed too little, the problem is that government spends too much.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

[Conservatives betrayed: how George W. Bush and other big government republicans hijacked the Conservative cause, Viguerie, Richard A., Bonus Books, 978-1-56625-285-0, 43]
Attributed

“The argument to raise taxes to pay back the debt, that's one thing, but my experience tells me that it's not possible. Government raises taxes, they're gonna spend that money in other places. I'm gonna do a better job at balancing revenues and expenditures… That was a responsibility that we had, but we prioritized what government should or shouldn't be doing and as a result of that, again showed a fiscal discipline that I don't think anyone else can demonstrate.”

Gary Johnson (1953) American politician, businessman, and 29th Governor of New Mexico

Statement on Taxes
YouTube
2011-08-23
http://youtu.be/227YyBf7-KQ
2012-02-24
Sound Government

“A sovereign government's budget is not like the budget of a household or firm. Governments issue the currency, whereas households and firms use the currency. As the chartalist, or modern money approach, explains, modern governments actually spend by crediting bank accounts. It really just amounts to a keystroke, pushing a key on a computer that generates an entry on someone’s balance sheet. Government can never run out of these keystrokes.”

L. Randall Wray (1953) American economist

L. Randall Wray (2015), Why Minsky Matters: An Introduction to the Work of a Maverick Economist. p. 66

“Everything that I did as Governor, and everything that I think needs to occur right now in the Federal Government, needs to be a cost-benefit analysis. What are we spending our money on, and what are we getting for what we're spending? I am of the belief that we are on the verge of a financial collapse. We can not repay fourteen trillion dollars in debt if we're spending one point six trillion dollars more than we're taking in this year and years to come. That is not sustainable… We landed on the moon, we can balance the federal budget. And that means cutting forty-three cents out of every federal dollar that we're currently spending.”

Gary Johnson (1953) American politician, businessman, and 29th Governor of New Mexico

Statement from CNN Interview
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2011-04-21
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Sound Government

“I do want to reduce the income tax and if possible, eliminate the income tax…The first thing you do is balance the budget, then reduce the size of government.”

Rand Paul (1963) American politician, ophthalmologist, and United States Senator from Kentucky

2000s

“Market Anti-Inflation Plans
In such a context, it should be clear that balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.”

William Vickrey (1914–1996) Canadian noble laureate in economics

William Spencer Vickrey et al. Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey. p. 4

“Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“What keeps the world in balance is love. Time: spend it in love, not in wars.”

Prevale (1983) Italian DJ and producer

Original: (it) Ciò che mantiene il mondo in equilibrio è l'amore. Il tempo: spendilo in amore, non in guerre.
Source: prevale.net

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Ilana Mercer 288

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