A Quote by Joseph Stiglitz

The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.

Joseph Stiglitz

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Bigger Combined Deficits Dictate Economics Increased Laws Lead Lower Lower Taxes Normal Spending Taxes Will

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Joseph Stiglitz
American - Economist
Born: February 9, 1943

A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

Henry Hazlitt

More and more people are becoming aware that government has nothing to give them without first taking it away from somebody else-or from themselves. Increased handouts to selected groups mean merely increased taxes, or increased deficits and increased inflation.

Henry Hazlitt

Lower taxes will stimulate your own personal economy by leaving more money in your pocket to do what you want - invest, save, spend, buy a bigger house, a nicer car, and give to charity. And lower taxes also lead to more money for the government to use on those things they've promised you. It's a win-win for everyone.

Fabrizio Moreira

If taxes and government spending are both slashed, then the salutary result will be to lower the parasitic burden of government taxes and spending upon the productive activities of the private sector.

Murray Rothbard

With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.

Dick Morris

I believe we can and should have it all. Lower deficits but higher spending. More peace with a bigger military that goes off and kills terrorists and whatnot. A cleaner environment without forcing SUVs off the road.

Craig Armstrong

Governments don't reduce deficits by raising taxes on the people; governments reduce deficits by controlling spending and stimulating new wealth.

Ronald Reagan

I'm always for lower taxes because lower taxes make people want to do things. Less burden, more fun, and economics is about people wanting to have fun. Growth is fun for people in the marketplace.

Amity Shlaes

I'm a Conservative who believes in lower taxes. They lead to a more enterprising economy. But I'm not somebody who believes you can fund lower taxes by borrowing more money.

George Osborne

Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are.

Albert J. Nock

When a party can't think of anything else they always fall back on Lower Taxes. It has a magic sound to a voter, just like Fairyland is spoken of and dreamed of by all children. But no child has ever seen it; neither has any voter ever lived to see the day when his taxes were lowered. Presidents have been promising lower taxes since Washington crossed the Delaware by hand in a row boat. But our taxes have gotten bigger and their boats have gotten larger until now the President crosses the Delaware in his private yacht.

Will Rogers

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

Ben Bernanke

I am for anyone that will give me lower taxes, stop all this stupid spending. Whoever promises me that gets this chicken's vote.

Joan Rivers

I suppose the White House thinks it's doing what Big Business wants, but it will lead to vastly increased taxes, because all these guest workers are to be allowed to bring their children.

Peter Brimelow

New taxes are so unpopular that most 'social' handout schemes are originally enacted without enough increased taxation to pay for them. The result is chronic government deficits, paid for by the issuance of additional paper money.

Henry Hazlitt

We will have bigger bureaucracies, bigger labor unions, and bigger state-run corporations. It will be harder to be an entrepreneur because of punitive taxes and regulations. The rewards of success will be expropriated for the sake of attaining greater income equality.

Arthur C. Brooks

A Quote by Joseph Stiglitz

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