A Quote by Sasha Abramsky

I argue that in the long run, the US would be on a far more financially secure footing if we recalibrate how we spend about two-to-three percent of the country's GNP, using state and federal taxes to create pools of money for spending on America's poor - which would, as numerous economists have argued in recent years, create virtuous spending circles, since those on lower incomes spend more of each extra dollar in their possession than do those on higher incomes.

Sasha Abramsky

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About America Argue Argued Circles Country Create Dollar Each Economists Extra Far Federal Federal Taxes Financially Footing Higher How Long Long Run Lower Money More Numerous Percent Poor Possession Recent Run Secure Since Spend Spending State Taxes Than Those Three Two Us Using Virtuous Which Would Would Be Years

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Sasha Abramsky
Born: April 4, 1972

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.

Richard Wagner

I would cap the amount of federal government can spend at 20 percent of the economy. Bring it back to 20 percent or lower. And say, we are not going to spend above that level. Democrats, they want to raise your taxes and spend more and more and turn us into an economy which is no longer driven by the private sector.

Mitt Romney

Where taxes are concerned, there are two clear-cut points of view. There are those who think they're too high and those who think they should be even higher because, after all, politicians spend our money far more wisely than we do. The obvious solution I'd propose is that the people in the first group would pay less and those in the second group would pay more. Lots more.

Burt Prelutsky

Firms produce goods for households - that's us - and provide us with incomes, and that's even better, because we can spend those incomes on more goods and services. That's called the circular flow of the economy.

Tim Jackson

Spending an extra dollar on the D.C. public school system isn't spending an extra dollar on education. Spending an extra dollar with the Pentagon doesn't buy you an extra dollar on defense. Republicans need to look skeptically at military spending.

Grover Norquist

The President sends us a billion-page paper that shows how he would spend the money if he were spending the money. He doesn't have the authority to spend the money. He doesn't spend $1 of the money.

Michael Enzi

Is it just a coincidence that as the portion of our income spent on food has declined, spending on health care has soared? In 1960 Americans spent 17.5 percent of their income on food and 5.2 percent of national income on health care. Since then, those numbers have flipped: Spending on food has fallen to 9.9 percent, while spending on heath care has climbed to 16 percent of national income. I have to think that by spending a little more on healthier food we could reduce the amount we have to spend on heath care.

Michael Pollan

If we need more demand in the economy then protect people in work and raise the incomes of those on low incomes who need to spend, such as the low paid, pensioners and families with children.

John McDonnell

As legal residents, immigrants would contribute more in taxes, spend more at our businesses, start companies of their own and create more jobs. Immigration is not a problem for us to solve but an opportunity for America to seize.

Jose Andres

Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.

Jared Bernstein

In addition to offering benefits to those who invest, carry out research, and create jobs, higher taxes on land and real-estate speculation would redirect capital toward productivity-enhancing spending - the key to long-term improvement in living standards.

Joseph Stiglitz

Money is meant not for hoarding, but for using; the aim of life should be to use it in the right way - to spend as much as we can lawfully spend, both upon ourselves and others. And sometimes it is better to do this in our lifetime, when we can see that it is well spent, than to leave it to the chance spending of those that come after us.

Dinah Maria Murlock Craik

The rich pay more in total taxes now than ever before - ever. It's true. Just like it's true that when the rich are convinced they're going to be taxed more, they spend less. And when the top few percenters don't spend, there goes all your spending, because they account for half of all retail spending.

Neil Cavuto

I came into politics partly because I want to be able to reduce taxes so that individuals have more of their money to spend, so that businesses have more of their money to create jobs, but I believe that lower taxes are sustainable when you get the public finances in order, so I will only make promises I can keep on taxation.

George Osborne

After almost 50 years in which federal spending averaged about 20 percent of GDP, Joe Sestak and Nancy Pelosi took federal spending to 25 percent. You know, that's a 25 percent increase in the size of the government overnight. That's what we - that's what we've got to rein in.

Pat Toomey

Everything we know about human nature and about government tells us that individuals using their own money will achieve far more good for themselves and far more for others than politicians spending money they didn't have to work to earn.

Harry Browne

A Quote by Sasha Abramsky

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