A Quote by Manmohan Singh
Cutting the fiscal deficit is not popular. That is the experience of all governments in all countries. Expenditure cuts hurt certain vested interests, and they don't like it.
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Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.
Trade unions have stood at the front lines of struggles for democratic change and social justice throughout history. In many countries, we are the organized voice of oppositions to governments operating at the behest of corporate power and vested interests.
When it comes to the budget, we know that we shouldn't be cutting more on core investments, like education, that are going to help us grow in the future. And we've already seen the deficit cut in half. It's going down faster than any time in the last 60 years. So why would we make more cuts in education, more cuts in basic research? Nobody thinks that's a good idea.
When governments and other vested interests attack me personally I usually regard it as a vindication, otherwise they would use facts. That's why I believe in the wonderful Claud Cockburn dictum, 'Never believe anything until it is officially denied.' It has certainly been my experience.
There is an opinion that parties in free countries are useful checks upon the administration of the government, and serve to keep alive the spirit of liberty. This, within certain limits, is probably true, and, in governments of a monarchical cast, patriotism may look with indulgence, if not with favor, upon the spirit of party. But in those of the popular character, in governments purely elective, it is a spirit not to be encouraged.
Climate change should not fundamentally be seen as a political or partisan issue, but it has been turned into a political football primarily by the climate deniers who have a vested interested in maintaining the status quo. That includes certain industrial interests, financial interests and political interests.
The continuation of authority has frequently proved the undoing of democratic governments. Repeated elections are essential to the system of popular governments, because there is nothing so dangerous as to suffer power to be vested for a long time in one citizen. The people become accustomed to obeying him, and he becomes accustomed to commanding, hence the origin of usurpation and tyranny.
In the past, proactive fiscal polices almost always meant just more investment and an increase in the fiscal deficit.
Of all the anti-social vested interests the worst is the vested interest in ill-health.
Pennsylvania is facing challenging economic times, a multi-billion dollar budget deficit, and negative cash flow projections. My Budget Deficit and Fiscal Stabilization Task Force will get to work to determine the scope of the challenges facing Pennsylvania and begin to discuss how we can get Pennsylvania's fiscal house in order.
We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.
The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take into account the social costs involved in cutting government spending.
Democrats in Washington predicted that tax cuts would not create jobs, would not increase wages, and would cause the federal deficit to explode. Well, the facts are in. The tax cuts have led to a strong economy. Real wages were on the rise, and deficit has been cut in half three years ahead of schedule.
If cuts have to be made, the question then becomes which expenditure adds the least value? This is possibly what drives companies to reduce their advertising expenditure - simply because they do not understand its full value and especially as it is usually the single biggest investment on the balance sheet.
With unfailing consistency, U.S. intervention has been on the side of the rich and powerful of various nations at the expense of the poor and needy. Rather than strengthening democracies, U.S. leaders have overthrown numerous democratically elected governments or other populist regimes in dozens of countries ... whenever these nations give evidence of putting the interests of their people ahead of the interests of multinational corporate interests.
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