A Quote by Ronald Reagan

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

Ronald Reagan

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Controlling Deficits Governments New People Raising Raising Taxes Reduce Spending Stimulating Taxes Wealth

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Ronald Reagan
American - President
February 6, 1911 - June 5, 2004

When [Republicans] say they can reduce taxes and trim deficits at the same time, they are either deluded or deceptive, and they are playing voters for fools.

E. J. Dionne

Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases.

Zanny Minton Beddoes

You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government. Then you have others where poor people are working hard and underconsuming and their governments are buying all this debt and propping up the extravagant countries. All of this has to change. There's a tremendous moral hazard involved with this system.

Peter Schiff

We have to reduce the burden placed on our economy by years of deficits and debt.

Jack Lew

Serious people need to work hard to reduce the debt, reduce taxes, and slash regulation on the small businesses and families that are the lifeblood of new jobs and innovation in our state.

Wendy Long

We don't need more politicians insisting we have deficits because you're not taxed enough. Those deficits ballooned from an economy that didn't grow enough and from 50 years of government spending too much.

Ronald Reagan

Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.

Milton Friedman

When the economy is still struggling, putting people back to work, finding ways to spur economic activity, ultimately can help to reduce the structural deficits and debts that countries experience.

Barack Obama

Chronic deficits drastically reduce government's ability to make those infrastructure investments that business needs to grow and create jobs.

Gloria Macapagal Arroyo

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

Joseph Stiglitz

Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.

Michael Hudson

Governments harangue about deficits to get more revenue so they can spend more.

Allan H. Meltzer

We are in a bit of a policy box and it's going to require us being willing to give up one of the two, which is it's okay to take on more deficits but lets put in some massive spending. Alternatively to say, 'we're going to go through structural unemployment for a while because we want to address deficits.'

Indra Nooyi

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.

Ron Paul

While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.

Murray Rothbard

[Deficits are] a yawner. We, as Republicans, have talked about deficits and balanced budgets since the days of Roosevelt, and the people simply haven't listened, because they can't relate to those huge numbers.

Paul Laxalt

A Quote by Ronald Reagan

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