Quotes about budget
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Michael Hudson (economist) photo

“So the game plan is not merely to free the income of the wealthiest class to “offshore” itself into assets denominated in harder currencies abroad. It is to scrap the progressive tax system altogether. … How stable can a global situation be where the richest nation does not tax its population, but creates new public debt to hand out to its bankers? … The “solution” to the coming financial crisis in the United States may await the dollar’s plunge as an opportunity for a financial Tonkin Gulf resolution. Such a crisis would help catalyze the tax system’s radical change to a European-style “Steve Forbes” flat tax and VAT sales-excise tax…. More government giveaways will be made to the financial sector in a vain effort to keep bad debts afloat and banks “solvent.” As in Ireland and Latvia, public debt will replace private debt, leaving little remaining for Social Security or indeed for much social spending. … The bottom line is that after the prolonged tax giveaway exacerbates the federal budget deficit – along with the balance-of-payments deficit – we can expect the next Republican or Democratic administration to step in and “save” the country from economic emergency by scaling back Social Security while turning its funding over, Pinochet-style, to Wall Street money managers to loot as they did in Chile. And one can forget rebuilding America’s infrastructure. It is being sold off by debt-strapped cities and states to cover their budget shortfalls resulting from un-taxing real estate and from foreclosures. Welcome to debt peonage. This is worse than what was meant by a double-dip recession. It will be with us much longer.”

Michael Hudson (economist) (1939) American economist

Obama's Bushism http://michael-hudson.com/2010/12/obamas-bushism/ (December 8, 2010)
Michael-Hudson.com, 1998-

Malala Yousafzai photo

“I think that it's really an early age… I would feel proud, when I would work for education, when I would have done something, when I would be feeling confident to tell people, 'Yes! I have built that school; I have done that teachers' training, I have sent that (many) children to school'… Then if I get the Nobel Peace Prize, I will be saying, Yeah, I deserve it, somehow… I want to become a Prime Minister of Pakistan, and I think it's really good. Because through politics I can serve my whole county. I can be the doctor of the whole country… I can spend much of the money from the budget on education," she told It appears that becoming prime minister is a means to the end she has dedicated her life to… [in recalling when she got shot] He asked, 'Who is Malala?' He did not give me time to answer his question… He fired three bullets… One bullet hit me in the left side of my forehead, just above here, and it went down through my neck and into my shoulder… But still if I look at (it), it's a miracle… A Nobel Peace Prize would help me to begin this campaign for girls' education… But the real call, the most precious call, that I want to get and for which I'm thirsting and for which I want to struggle hard, that is the award to see every child to go to school, that is the award of peace and education for every child. And for that, I will struggle and I will work hard.”

Malala Yousafzai (1997) Pakistani children's education activist

Interview on CNN with Christiane Amanpour (October 11, 2013)

David Lloyd George photo
José Mourinho photo
Ramsay MacDonald photo

“Of the Budget as a whole, I say "Bravo". I am going to support it through thick and thin.”

Ramsay MacDonald (1866–1937) British statesman; prime minister of the United Kingdom

On Lloyd George's People's Budget, quoted in 'From Green Benches', Leicester Pioneer (8 May 1909).

George W. Bush photo
Bill Clinton photo
Alfred de Zayas photo
Alan Moore photo

“I like a film where you can see every penny of the budget up there on the screen.”

Alan Moore (1953) English writer primarily known for his work in comic books

De Abaitua interview (1998)

Narendra Modi photo

“In 2014, one of the key agendas of the BJP’s election campaign was highlighting the dismal management of the Indian economy, ironically under an ‘economist’ prime minister and a ‘know-it-all’ finance minister. We all knew that the economy was in the doldrums but since we were not in government, we naturally did not have the complete details of the state of the economy. But, what we saw when we formed the government left us shocked! The state of the economy was much worse than expected. Things were terrible. Even the budget figures were suspicious. When all of this came to light, we had two options – to be driven by Rajneeti (political considerations) or be guided by Rashtraneeti (putting the interests of India First)… Rajneeti, or playing politics on the state of the economy in 2014, would have been extremely simple as well as politically advantageous for us. We had just won a historic election, so obviously the frenzy was at a different level. The Congress Party and their allies were in big trouble. Even for the media, it would have made news for months on end. On the other hand, there was Rashtraneeti, where more than politics and one-upmanship, reform was needed. Needless to say, we preferred to think of ‘India First’ instead of putting politics first. We did not want to push the issues under the carpet, but we were more interested in addressing the issue. We focused on reforming, strengthening and transforming the Indian economy. The details about the decay in the Indian economy were unbelievable. It had the potential to cause a crisis all over. In 2014, industry was leaving India. India was in the Fragile Five. Experts believed that the ‘I’ in BRICS would collapse. Public sentiment was that of disappointment and pessimism.”

Narendra Modi (1950) Prime Minister of India

Narendra Modi, Swarajya Interviews Prime Minister Modi, Interview, R Jagannathan- Jul 02, 2018 https://swarajyamag.com/economy/swarajya-interviews-prime-minister-modi-the-state-of-indian-economy
2018

William Blum photo
Francis Escudero photo
Clement Attlee photo
Walt Disney photo
Donald J. Trump photo
Lloyd Bentsen photo

“As one of our colleagues recently put it, this Republican pledge of no new taxes is pure Bushlips. It's Bushlips when the president says 'No new taxes' and sends a budget requiring the Finance Committee to raise $20 billion in new revenues: $15 billion in taxes and $5 billion in user fees.”

Lloyd Bentsen (1921–2006) American politician

quoted in [24 March 1990, Paul, Taylor, Democratic Leaders Talk Tough on Taxes;President's Promise Not to Impose New Levies Is 'Pure Bushlips,' Sen. Bentsen Declares, The Washington Post, 0190-8286, A6, http://pqasb.pqarchiver.com/washingtonpost/access/72577580.html?FMT=ABS&FMTS=ABS:FT&date=Mar+24%2C+1990&author=Paul+Taylor&pub=The+Washington+Post+(pre-1997+Fulltext)&edition=&startpage=a.06&desc=Democratic+Leaders+Talk+Tough+on+Taxes%3BPresident%27s+Promise+Not+to+Impose+New+Levies+Is+%60Pure+Bushlips%2C%27+Sen.+Bentsen+Declares]
alluding to George H. W. Bush's pledge “Read my lips: no new taxes” while accepting the presidential nomination at the 1988 Republican National Convention

Franco Modigliani photo
Mike Lee (U.S. politician) photo

“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 (U.S. politician) (1971) American politician

Tea Party Senator Mike Lee: We Need to Change the Way We Spend Money in Washington http://www.foxnews.com/transcript/2011/04/12/tea-party-senator-mike-lee-we-need-change-way-we-spend-money-washington.html (April 12, 2011)

Francis Escudero photo
Anu Partanen photo
Nigel Lawson photo
Francis Escudero photo
George W. Bush photo
Charlie Sheen photo
Walt Disney photo
Ralph Waldo Emerson photo
African Spir photo
David Puttnam photo
Chauncey Depew photo
Rachel Maddow photo

“Dare I say it? Congressional Republicans had a collective war-metaphor-gasm trying to make the president‘s budget seem scary.”

Rachel Maddow (1973) American journalist

The Rachel Maddow Show, MSNBC, March 2009 http://www.msnbc.msn.com/id/29875974/24

Gary Johnson photo
Robert A. Heinlein photo
Aron Ra photo
Lyndon B. Johnson photo

“Tonight Vietnam must hold the center of our attention, but across the world problems and opportunities crowd in on the American Nation. I will discuss them fully in the months to come, and I will follow the five continuing lines of policy that America has followed under its last four Presidents. The first principle is strength. Tonight I can tell you that we are strong enough to keep all of our commitments. We will need expenditures of $58.3 billion for the next fiscal year to maintain this necessary defense might. While special Vietnam expenditures for the next fiscal year are estimated to increase by $5.8 billion, I can tell you that all the other expenditures put together in the entire federal budget will rise this coming year by only $0.6 billion. This is true because of the stringent cost-conscious economy program inaugurated in the Defense Department, and followed by the other departments of government. A second principle of policy is the effort to control, and to reduce, and to ultimately eliminate the modern engines of destruction. We will vigorously pursue existing proposals—and seek new ones—to control arms and to stop the spread of nuclear weapons. A third major principle of our foreign policy is to help build those associations of nations which reflect the opportunities and the necessities of the modern world. By strengthening the common defense, by stimulating world commerce, by meeting new hopes, these associations serve the cause of a flourishing world. We will take new steps this year to help strengthen the Alliance for Progress, the unity of Europe, the community of the Atlantic, the regional organizations of developing continents, and that supreme association—the United Nations. We will work to strengthen economic cooperation, to reduce barriers to trade, and to improve international finance.”

Lyndon B. Johnson (1908–1973) American politician, 36th president of the United States (in office from 1963 to 1969)

1960s, State of the Union Address (1966)

Brad Dourif photo
Francis Escudero photo
George W. Bush photo

“I hope that we some day will have a big budget and a lot of time in which to do our work. It is my dream to have an American staff and a Japanese staff work together to create a Godzilla film.”

Kenpachiro Satsuma (1947) Japanese actor

As quoted by David Milner, "Kenpachiro Satsuma Interview I" http://www.davmil.org/www.kaijuconversations.com/satsum.htm, Kaiju Conversations (December 1993)

Philip Johnson photo
George W. Bush photo
Clement Attlee photo
Ron Paul photo

“Organizations that operate under an IT monarchy place key business unit and technical decisions in the hands of the CIO. Under the duopoly method, decision-making for IT budgets, applications and technologies is shared among the CIO and business unit leaders.”

Jeanne W. Ross (1958) American computer scientist

Attributed to Peter Weill and Jeanne Ross in: Thomass Hoffman (2006) "Taming IT in the World Life Fund" in Computerworld Vol. 40 (33), August 14, 2006. p. 39

Carl Rowan photo
Eric Holder photo
Calvin Coolidge photo
Michael Hudson (economist) photo

“A budget must be more than a ledger sheet. It should have a heart and serve as a blueprint for a better quality of life for all residents.”

John R. Leopold (1943) politician

Hometown Annapolis - County Executive Leopold's FY08 Budget Address http://www.hometownannapolis.com/cgi-bin/read/2007/05_02-02/TOP

Roger Ebert photo
Ben Bernanke photo

“To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.”

Ben Bernanke (1953) American economist

Speech given on Apr. 7, 2010 to the Dallas Regional Chamber of Commerce, "Economic Challenges: Past, Present and Future" http://www.federalreserve.gov/newsevents/speech/bernanke20100407a.pdf. (See pages 13-14 of the speech transcript).

Michał Kalecki photo

“In any case of the budget deficit the private sector of the economy receives more from government expenditure than it pays in taxes.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

George W. Bush photo
Francis Escudero photo
John Moffat photo
Francis Escudero photo

“The President’s Budget: Towards Inclusive and Sustained Development”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Coretta Scott King photo

“Our Congress passes laws that subsidize corporations, farms, oil companies, airlines, and houses for suburbia, but when they turn their attention to the poor they suddenly become concerned about balancing the budget and cut back on funds for Head Start.”

Coretta Scott King (1927–2006) American author, activist, and civil rights leader. Wife of Martin Luther King, Jr.

Harvard class day address (1968), quoted in International Education Vol. 1, p. 28

Alfred de Zayas photo

“Downsizing military budgets will enable sustainable development, the eradication of extreme poverty, the tackling of global challenges including pandemics and climate change, educating and socializing youth towards peace, cooperation and international solidarity.”

Alfred de Zayas (1947) American United Nations official

Report of the Independent Expert on the promotion of a democratic and equitable international order exploring the adverse impacts of military expenditures on the realization of a democratic and equitable international order http://www.ohchr.org/EN/Issues/IntOrder/Pages/Reports.aspx.
2015, Report submitted to the UN Human Rights Council

Francis Escudero photo
Hans Haacke photo
William Cobbett photo
Tom DeLay photo

“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

Charles Krauthammer photo

“With our financial house on fire, Obama makes clear both in in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy.”

Charles Krauthammer (1950–2018) American journalist

Column, March 6, 2009, "The Great Non Sequitur: The Sleight of Hand Behind Obama's Agenda" http://www.jewishworldreview.com/cols/krauthammer030609.php3 at jewishworldreview.com.
2000s, 2009

Mitt Romney photo
John McCain photo

“Only an asshole would put together a budget like this. I wouldn't call you an asshole unless you really were an asshole.”

John McCain (1936–2018) politician from the United States

Supposedly said to Senator Pete Domenici at a GOP meeting in the fall of 1999. http://www.newsweek.com/id/82862
Disputed

Olly Blackburn photo

“I think when you’re shooting on such a tight budget and schedule, the insanity and the energy and the sense of spirit is what makes the experience unique. Ten percent more isn’t going to make enough of a difference and anything that would — double the budget, triple the time — then you’re making a different kind of film.”

Olly Blackburn Film director and screenwriter

[Filmmaker Magazine, ”Donkey Punch” co-writer-director, Olly Blackburn, Jason, Guerrasio, 15 January 2008, 23 February 2012, http://www.filmmakermagazine.com/news/2008/01/donkey-punch-co-writer-director-olly-blackburn/, Independent Feature Project]

Mitt Romney photo
Barry Boehm photo
Francis Escudero photo
Pierre Louis Maupertuis photo
Francis Escudero photo
Justin Trudeau photo

“the commitment needs to be a commitment to grow the economy and the budget will balance itself”

Justin Trudeau (1971) 23rd Prime Minister of Canada; eldest son of Pierre Trudeau

a week before 18 February 2014 https://www.macleans.ca/politics/justin-trudeaus-sunny-ways/ per Aaron Wherry of Macleans

“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

Nigel Lawson photo

“Economic and monetary union…is incompatible with independent sovereign states with control over their own fiscal and monetary policies. It would be impossible…to have irrevocably fixed exchange rates while individual countries retained independent monetary policies…such a system could never have the credibility necessary to persuade the market that there was no risk of realignment. Thus EMU inevitably implies a single European currency, with monetary decisions…taken not by national Governments and/or central banks, but by a European Central Bank. Nor would individual countries be able to retain responsibility for fiscal policy. With a single European monetary policy there would need to be central control over the size of budget deficits and, particularly, over their financing. New European institutions would be required, to determine overall Community fiscal policy and agree the distribution of deficits between individual Member States…It is clear that Economic and Monetary Union implies nothing less than European Government…and political union: the United States of Europe. That is simply not on the agenda now, nor will it be for the forseeable future.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech to the Royal Institute for International Affairs, Chatham House (25 January 1989), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 910.

Gordon Brown photo

“I said that this would be a Budget based on prudence for a purpose and that guides us also in our approach to public spending.”

Gordon Brown (1951) British Labour Party politician

Hansard, 6 ser, vol 308 col 111 (17 March 1998)
From the 1998 Budget speech.
Chancellor of the Exchequer

L. Randall Wray photo
Gary Johnson photo

“I am in the camp that believes that we are on the verge of a monetary collapse given the fact that during the last year up to 70% of the money used to pay our ongoing expenditures were moneys printed up by the Federal Reserve I mean literally out of thin air. Monetary Collapse occurs when we are printing 100% of that money going forward and all of the roll over of treasury is that 15 trillion dollars is out there in existing notes when all of those notes also get rolled over with 100% of that money being printed … that's the monetary collapse. And that’s not something that their going to announce is going to happen two weeks from Thursday that’s just gonna happen literally overnight when we have a complete melt down in the bond market. Which I’m predicting is gonna happen unless we actually balance the federal budget so this is what we are entering into is a real mutual sacrifice on the part of all of us. I would argue let’s have that mutual sacrifice as opposed to all of us having nothing which is what happens during a monetary collapse that our money ends up being worth nothing. That happened in Russia part of that was Afghanistan. We’re not immune to this. We can fix it but we need to do it now and that’s the position that I hold.”

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

Statement made to representatives of the Pagan Newswire Collective (PNC)
2011-10-16
http://www.patheos.com/blogs/paganswithdisabilities/2011/10/full-transcript-of-qa-with-presidential-candidate-gary-johnson/
2012-02-24
Economic Policy

Martin Luther King, Jr. photo

“Now, we are poor people, individually, we are poor when you compare us with white society in America. We are poor. Never stop and forget that collectively, that means all of us together, collectively we are richer than all the nations in the world, with the exception of nine. Did you ever think about that? After you leave the United States, Soviet Russia, Great Britain, West Germany, France, and I could name the others, the Negro collectively is richer than most nations of the world. We have an annual income of more than thirty billion dollars a year, which is more than all of the exports of the United States, and more than the national budget of Canada. Did you know that? That's power right there, if we know how to pool it.
We don't have to argue with anybody. We don't have to curse and go around acting bad with our words. We don't need any bricks and bottles, we don't need any Molotov cocktails, we just need to go around to these stores, and to these massive industries in our country, and say, "God sent us by here, to say to you that you're not treating his children right. And we've come by here to ask you to make the first item on your agenda — fair treatment, where God's children are concerned. Now, if you are not prepared to do that, we do have an agenda that we must follow. And our agenda calls for withdrawing economic support from you."”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, I've Been to the Mountaintop (1968)

Éric Pichet photo

“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

Josh Marshall photo

“With all the efforts now to disassociate President Bush from conservatism, I am starting to believe that conservatism itself — not the political machine, mind you, but the ideology — is heading toward that misty land-over-the-ocean where ideologies go after they've shuffled off this mortal coil. Sort of like the way post-Stalinist lefties used to say, "You can't say Communism's failed. It's just never really been tried."But as it was with Communism, so with conservatism. When all the people who call themselves conservatives get together and run the government, they're on the line for it. Conservative president. Conservative House. Conservative Senate.What we appear to be in for now is the emergence of this phantom conservatism existing out in the ether, wholly cut loose from any connection to the actual people who are universally identified as the conservatives and who claim the label for themselves.We can even go a bit beyond this though. The big claim now is that President Bush isn't a conservative because he hasn't shrunk the size of government and he's a reckless deficit spender.But let's be honest: Balanced budgets and shrinking the size of government hasn't been part of conservatism — or to be more precise, Movement Conservatism — for going on thirty years. The conservative movement and the Republican party are the movement and party of deficit spending. And neither has any claim to any real association with limited or small government. Just isn't borne out by any factual record or political agenda. Not in the Reagan presidency, the Bush presidency or the second Bush presidency. The intervening period of fiscal restraint comes under Clinton.”

Talking Points Memo (2006-06-13) http://www.talkingpointsmemo.com/archives/008733.php

George W. Bush photo

“Good morning. This coming week I will be making the trip up Pennsylvania Avenue to address a joint session of Congress. We have some business to attend to called the budget of the United States. The federal budget is a document about the size of a big city phone book, and about as hard to read from cover to cover. The blueprint I submit this week contains many numbers, but there is one that probably counts more than any other – $5.6 trillion. That is the surplus the federal government expects to collect over the next 10 years; money left over after we have met our obligations to Social Security, Medicare, health care, education, defense and other priorities. The plan I submit will fund our highest national priorities. Education gets the biggest percentage increase of any department in our federal government. We won't just spend more money on schools and education, we will spend it responsibly. We'll give states more freedom to decide what works. And as we give more to our schools we're going to expect more in return by requiring states and local jurisdictions to test every year. How else can we know whether schools are teaching and children are learning? Social Security and Medicare will get every dollar they need to meet their commitments. And every dollar of Social Security and Medicare tax revenue will be reserved for Social Security and Medicare.”

George W. Bush (1946) 43rd President of the United States

2000s, 2001, Radio Address to the Nation (February 2001)

Alexander H. Stephens photo
Paul Krugman photo
Bryant Gumbel photo

“In the first two years this is a man [Clinton] who tried his best to balance the budget, to reform health care, to fight for gay rights, to support personal freedoms. Couldn’t those be considered doing the right things, evidence of true character?”

Bryant Gumbel (1948) American sportscaster

To David Maraniss, MSNBC’s InterNight, October 10, 1996. Real Video http://www.mediaresearch.org/rm/projects/99/gumbel8/segment1.ram

Francis Escudero photo
Jack Layton photo

“This is a budget that does not protect the vulnerable, it doesn't protect the jobs of today and it doesn't create the jobs that we need for tomorrow.”

Jack Layton (1950–2011) Leader of the New Democratic Party of Canada

On the 2009 federal budget, Jan. 27, 2009.[citation needed]