"Our practical choice is not between a..." - Quote by John F Kennedy
Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
More by John F Kennedy
“If men and women are in chains anywhere in the world, then freedom is endangered everywhere.”
“Blight has descended on our regulatory agencies - and a dry rot, beginning in Washington, is seeping into every corner of America - in the payola mentality, the expense account way of life, the confusion between what is legal and what is right.”
“Those who do nothing are inviting shame as well as violence. Those who act boldly are recognizing right as well as reality.”
More on Economy
More on Taxation
“A heavy progressive or graduated income tax.”
“An economy hampered by restrictive tax rates will never produce enough jobs or enough profits”
“Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.”