"When a business or an individual spends..." - Quote by Ronald Reagan
When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.
More by Ronald Reagan
“All of us should remember that the federal government is not some mysterious institution comprised of buildings, files and paper. The people are the government. What we create we ought to be able to control.”
“You are Mrs. Reagan because Mr. Reagan loves you with all his heart.”
“No nation in history has ever survived a tax burden that reached a third of its national income.”
More on Economy
“This economy doesn't work well without the lubrication of credit and trust.”
“We legislate against forestalling and monopoly; we would have a common granary for the poor; but the selfishness which hoards thecorn for high prices, is the preventative of famine; and the law of self-preservation is surer policy than any legislation can be.”
“We must start now to provide additional stimulus to the modernization of American industrial plants I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.”
More on Government Spending
“When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it.”
“In politics, throwing the taxpayers' money at disasters is supposed to show your compassion. But robbing Peter to pay Paul is not compassion. It is politics.”
“We need earmark reform, and when I'm President, I will go line by line to make sure that we are not spending money unwisely.”