A Quote by Herbert Hoover

We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation. — © Herbert Hoover
We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.
The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow - now.
Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.
Congress needs to stop kicking the proverbial spending can down the road and make the hard decisions necessary to rein in our debt and balance the federal budget.
I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road.
Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.
Now, so, if you want to blame someone for wasteful spending, the Republicans are in the majority.
If there is wasteful spending, I will not support it.
So much depends upon a blue car splattered with mud speeding down the road.
The new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created.
This election presents a stark choice - we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation - free markets, fiscal responsibility and individual liberty.
I have fought against excessive spending my entire career. And I got plans to reduce and eliminate unnecessary and wasteful spending and if there's anybody here who thinks there aren't agencies of government where spending can be cut and their budgets slashed they have not spent a lot of time in Washington.
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to be a time at which point debt has to be taken care of.
We now know that inflation results from all that deficit spending.
The federal government is far larger than the Founding Fathers ever intended it to be. We have racked up over $16 trillion of debt through wasteful spending, and it is time that we cut that waste and start reducing the size of our government.
You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'
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