A Quote by David Malpass
To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.
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The US no longer does decisions. It can neither stop the drug traffic nor legalize it. It can neither win wars nor abandon them, neither make money nor stop spending it, neither stop immigration nor assimilate the immigrants. Washington can beat its thumb with a hammer, yes, and notice that it hurts, but it can't stop beating its thumb. That would take a decision, and Washington doesn't do decisions.
When Congress votes for all sorts of benefits, without voting for enough taxes to pay for them, they get the support of those who have been promised the benefits, without getting grief from the taxpayers. It's strictly win-win as far as the welfare-state politicians are concerned. But it is strictly lose-lose, big-time, for the country, as deficits skyrocket.
Here lies a she sun, and a he moon there; She gives the best light to his sphere; Or each is both, and all, and so They unto one another nothing owe; And yet they do, but are So just and rich in that coin which they pay, That neither would, nor needs forbear, nor stay; Neither desires to be spared nor to spare. They quickly pay their debt, and then Take no acquittances, but pay again; They pay, they give, they lend, and so let fall No such occasion to be liberal. More truth, more courage in these two do shine, Than all thy turtles have and sparrows, Valentine.
In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
For taxpayers, however, it’s [pay equity] a rip-off. And it has nothing to do with gender. Both men and women taxpayers will pay additional money to both men and women in the civil service. That’s why the federal government should scrap its ridiculous pay equity law.
It is perhaps my greatest hope, Mr. President, that some day we'll consider tax and spending measures with no one else in mind but future generations of American taxpayers. We're tying a millstone of debt around their necks, and it is a grave mistake.
If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.
The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.
Government spending is being restrained, the economy is making progress and moving forward, and the pro-growth, tax cutting policies put in place have allowed businesses to grow, which has brought in additional tax revenue to help pay off the debt.
The difference between American parties is actually simple. Democrats are in favor of higher taxes to pay for greater spending, while Republicans are in favor of greater spending, for which the taxpayers will pay.
Well, I feel that we're kind of fortunate that this book gives the whole world a lesson in economics and how to get out of the mess that we're all in. It's basic message is to try and stop spending as much and try to release some of your assets to pay off your debt.
But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.
Debt never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation...it is never laid off work...it buys no food; it wears no clothes; it is unhoused... it has neither weddings nor births nor deaths; it has no love, no sympathy; it is as hard and soulless as a granite cliff. Once in debt, it is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it...and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.
Never mind that the new Visitors Center in Washington DC cost the taxpayers $621 million. Oh and that was ONLY $550 million more than the project was originally supposed to cost. Not to mention the fact that it was supposed to open three years ago .. but it was a government operation. What do you expect? I definitely want to put these people in charge of my healthcare and my retirement plan.
Seek for the endless life in the world, because with death, there remains neither the seeker nor the sought! The other world is altogether an illusion! Stop deceiving yourself; seek for the endless life in the world!
Where there is Love and Wisdom, there is neither Fear nor Ignorance.
Where there is Patience and Humility, there is neither Anger nor Annoyance.
Where there is Poverty and Joy, there is neither Cupidity nor Avarice.
Where there is Peace and Contemplation, there is neither Care nor Restlessness.
Where there is the Fear of God to guard the dwelling, there no enemy can enter.
Where there is Mercy and Prudence, there is neither Excess nor Harshness.
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