A Quote by Daniel Hannan
You cannot spend your way out of recession or borrow your way out of debt.
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I do think that all economies need a sense of fiscal discipline especially over the midterm and if you are in the middle of a debt crisis you can't borrow your way out of a debt crisis. That's logically impossible.
You cannot borrow and spend your way into prosperity. It does not work.
You cannot take away freedom to protect it, you cannot destroy the free market to save it, and you cannot uphold freedom of speech by silencing those with whom you disagree. To take rights away to defend them or to spend your way out of debt defies common sense.
Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact.
Americans know that we cannot tax and spend our way out of a recession, yet Democrats cant grasp this simple fact.
We simply can't spend our way out of a recession.
The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.
In response to skyrocketing gas prices, liberals say, practically in unison, 'We can't drill our way out of this crisis.' What does that mean? This is like telling a starving man, 'You can't eat your way out of being hungry!' 'You can't water your way out of drought!' 'You can't sleep your way out of tiredness!' 'You can't drink yourself out of dehydration!' Seriously, what does it mean? Finding more oil isn't going to increase the supply of oil? It is the typical Democratic strategy to babble meaningless slogans, as if they have a plan. Their plan is: the permanent twilight of the human race.
I've made a payroll. I know what it's like to execute a business plan. I know what it's like to expect the proper return on investment... and I know you can't spend your way out of debt.
You can't talk your way out of something you behaved your way into. You have to behave your way out of it.
It's a little hard to go out there and spend your money on a home, car, or goods and services if your wages are being garnished to make debt collectors rich.
Student loans are destroying the imagination of youth. If there’s a way of a society committing mass suicide, what better way than to take all the youngest, most energetic, creative, joyous people in your society and saddle them with, like $50,000 of debt so they have to be slaves? There goes your music. There goes your culture. There goes everything new that would pop out. And in a way, this is what’s happened to our society. We’re a society that has lost any ability to incorporate the interesting, creative and eccentric people.
The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.
We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.
Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.
Enjoy it - making music is a wonderful way to spend your life.. but do it for the love before a career... it's getting so unforgiving out there - I hate to think of the obstacles in the way now for new artists.. if you love it and you are good, you will be fine.. but be prepared to have to work hard and don't judge your success by other peoples opinions.. have self belief.
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