A Quote by Rakesh Jhunjhunwala
I am interested in government spend quality, as it accounts for the biggest chunk of the social spending pie. Hundreds of foundations put together cannot equal what the government can spend.
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It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.
Socialism is when government's taking care of you, you send all your money to the government, the government decides how to spend it instead of letting the people spend it and make all those decisions.
If you have a private firm and you spend a ton of money to pay employees, but what you produce is a flop, there will be no value to GDP. But government spending all gets counted as contributing to economic growth. That's why in the early days of creating these measurements, some people didn't want to count government spending.
Conservatives in general, and even so called Tea Party conservatives, are not against transportation spending. Indeed, interstate commerce is one purpose of interstate highways and byways, and is one of the things the federal government is actually supposed to spend our tax dollars on. What conservatives are opposed to is needless and excessive spending, pork-barrel spending, deficit spending, spending to pick winners and losers among American individuals and corporations, and spending to promote the social and economic whims of the Washington few.
What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water.
The point of taxation isn't that the government knows better than you how to spend your money - it's that the government, by virtue of being the government, can spend money in ways that no private citizen or group no matter how powerful, can.
According to government auditors, the stimulus money is being held up because there aren't enough government workers to oversee the spending. So follow me, in other words, government workers who aren't there are needed to spend money we don't have to create jobs that don't exist.
I believe it is in the national interest that government stand side-by-side with people of faith who work to change lives for the better. I understand in the past, some in government have said government cannot stand side-by-side with people of faith. Let me put it more bluntly, government can't spend money on religious programs simply because there's a rabbi on the board, cross on the wall, or a crescent on the door. I viewed this as not only bad social policy - because policy by-passed the great works of compassion and healing that take place - I viewed it as discrimination.
In reality, every time the government takes an additional dollar in taxes out of someone's pocket, it's a dollar that person will not be able to spend or invest. When government spending goes up, private spending goes down. There is no net effect. No wealth creation.
The difference between them and us is that we want to check government spending and they want to spend government checks.
Are you entitled to the fruits of your own labor or does government have some presumptive right to spend and spend and spend?
I came to Congress on the promise of cutting wasteful government spending. There are plenty of examples of the government playing loose with taxpayer money, but none more so than how we spend our foreign aid dollars.
The government has to spend money during a recession, because their spending is our earning.
Once we realize that government doesn't work, we'll know that the only way to improve government is by reducing its size - by doing away with laws, by getting rid of programs, by making government spend and tax less, by reducing government as far as we can.
We may not always recognize it, but government plays a bigger role in our lives than any other single person or institution. We spend nearly half of our lives working to pay for it. Children spend more time in government schools than they do with their parents. Birth, death, marriage, every area of our lives feels the influence of government.
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