A Quote by William Vickrey

The nominal budget is a poor indicator of the impact of government outlays and revenues.

William Vickrey

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Budget Government Impact Indicator Poor

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William Vickrey
Canadian - Educator
June 21, 1914 - October 11, 1996

A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.

John F. Kennedy

At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.

George Soros

Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.

Paul Craig Roberts

It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

John F. Kennedy

You wouldn't want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to avoid default on either debt or social welfare promises. How they will increase those revenues, I can't predict.

Porter Stansberry

The most remarkable thing about Calvin Coolidge is that he served for 67 months, and when he left office, the budget was lower than he came in. In real terms - in nominal terms with vanilla on top - he cut the budget year over year.

Amity Shlaes

This is the first time a newly inaugurated president has had any impact on a current budget." What that means is that normally when a president's inaugurated in January, the budget for the first calendar year of his term or the first nine months is already done. So from January 21st all the way 'til October when the new budget's done, the president has to deal with the previous Congress' budget and has nothing to say about it. What they're saying is that Donald Trump has had a record-breaking, never-before-seen thing by having an impact on the budget in his first year.

Rush Limbaugh

Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.

John Kenneth Galbraith

Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.

John F. Kennedy

Lula's political culture translated into a government project that sought to include the poor in the budget with minimal efforts in terms of structural transformation. The inclusion of the poor would trigger the economy, creating a virtuous cycle of mass consumption market, increased tax collection, more investments, and more benefits.

Fernando Haddad

I have to say that oil and gas revenues make up a large part of the Russian budget revenue. This is a serious component for us in addressing economic development, budget funding for our development programmes and, of course, and meeting of our social commitments to our citizens.

Vladimir Putin

The military budget is simply an enormous pork barrel of special privilege, the privileges taking the form of windfall profits, of no-risk profits and, most importantly, of enormous outlays of capital supplied by the Pentagon to arms contractors.

Walter Karp

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

William Vickrey

Money is a poor indicator of success.

Richard Branson

As India becomes more tax-compliant, government revenues will improve, and we will be able to serve the poor better. We can have better roads, healthcare, education, and improve the life of farmers.

Piyush Goyal

I think calling what Paul Ryan is doing a 'budget' is lending some validity to it. It is not a budget. If it were a budget, he could justify his revenue projections, he could justify his cuts, and he can't. This is a scheme to rob the poor and give to the rich.

Marcia Fudge

A Quote by William Vickrey

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