“At the end of the current five-year presidential term and the “Trente-Six Dispendieuses” (36 years of uninterrupted deficits from 1981 to 2017) far-reaching public expenditure reforms will be required. These will be all the more painful as they are far too late.”

— Éric Pichet

La trajectoire des finances publiques de 2014 à 2017 : impuissance du droit et vérité des comptes http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2563481 Article in Revue de Droit Fiscal n48 (2014).
Budgetary policy, From the Expensive 30 toe the Expensive 36, The Expensive 36

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Éric Pichet 12

economist 1960

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“Thirty years of lax budget policy (the Trente Dispendieuses) marked by soaring public spending in the 1980’s, the happy-go-lucky attitude of the 1990’s and finally, a policy of procrastination in the 2000’s characterised by the development of creative budgetary marketing strategies exclusively destined to delay the (always) socially and politically painful moment of addressing the accounts.”

Éric Pichet (1960) economist

Le programme de stabilité et le pacte de responsabilité : la trajectoire des finances publiques de 2014 à 2017 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2499496 Article in Revue de Droit Fiscal n31-35 (2014).
Budgetary policy, From the Expensive 30 toe the Expensive 36, The Expensive 30

“I will have failed in this if in five years there are not many more people using public transport and far fewer journeys by car. It is a tall order but I want you to hold me to it.”

John Prescott (1938) Deputy Prime Minister of the United Kingdom (1997–2007)

As quoted in "Prescott points buses to fast lane" by Paul Brown, in The Guardian (6 June 1997), p. 10.

“This problem may not occur for several hundred years, but by the time we see the first signs, it will be far too late to do anything about it.”

Tim Flannery book The Weather Makers

Source: The Weather Makers (2005), Chapter 20 (p. 186)

“Time is an unkind teacher, delivering lessons that we learn far too late for them to be useful. Years after I could have benefited from them, the insights come to me.”

Robin Hobb book Fool's Assassin

Source: Fool's Assassin

“The author's conviction on this day of the New Year is that music begins to atrophy when it departs too far from the dance; that poetry begins to atrophy when it gets too far from music.”

Ezra Pound book ABC of Reading

Preface
ABC of Reading (1934)

“The current term of protection for software is the life of an author plus 70 years, or, if it's work-for-hire, a total of 95 years. This is a bastardization of the Constitution's requirement that copyright be for "limited times." By the time Apple's Macintosh operating system finally falls into the public domain, there will be no machine that could possibly run it. The term of copyright for software is effectively unlimited.”

Lawrence Lessig (1961) American academic, political activist.

May the Source Be With You (2001)

“Everything has to be at once for six-month-old puppies, six-year-old children, and reformers of any age.”

H. Beam Piper (1904–1964) American science fiction writer

A Slave is a Slave (1962)
Context: Oh, he won't think of it in those terms. He'll be preventing me from sabotaging the Emancipation. He doesn't want to wait three generations; he wants to free them at once. Everything has to be at once for six-month-old puppies, six-year-old children, and reformers of any age.

“To be seventy years young is sometimes far more cheerful and hopeful than to be forty years old.”

Oliver Wendell Holmes (1809–1894) Poet, essayist, physician

On the Seventieth Birthday of Julia Ward Howe (May 27, 1899); reported in Bartlett's Familiar Quotations, 10th ed. (1919).

“To be 70 years young is sometimes far more cheerful and hopeful than to be 40 years old.”

Oliver Wendell Holmes Jr. (1841–1935) United States Supreme Court justice

Almost certainly attributable to Oliver Wendell Holmes, Sr., who is, in various sources, credited with having said this in letters to Harriet Beecher Stowe (who turned 70 in 1881) and Julia Ward Howe (who turned 70 in 1889), as well as having made the commented about himself. Holmes, Sr. reached the age of 70 in 1879, while Holmes, Jr. reached that age in 1911, some time after the earliest reports of this quote.
Misattributed

“I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Interview on CNBC http://www.cnbc.com/id/43670783 (1 July 2011)

“At the end of the current five-year presidential term and the “Trente-Six Dispendieuses” (36 years of uninterrupted deficits from 1981 to 2017) far-reaching public expenditure reforms will be required. These will be all the more painful as they are far too late.”

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Éric Pichet 12

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