The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect.
- Sam Ewing
Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it.
- Richard Lamm
The attractiveness of financing spending by debt issue to the elected politicians should be obvious. Borrowing allows spending to be made that will yield immediate political payoffs without the incurring of any immediate political cost.
- James Buchanan
The Deficit and American Democracy, (Memphis: P. K. Steidman Foundation, 1984).
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