Sunday, September 21, 2008

Wise Words from Ike (the President)

Circa Sept 1960:
"A government of fiscal responsibility shall not...resort to the borrowing power to escape the sacrifices that go with responsibility;
Delude the people into taking the deceptively easy road of deficit spending, unbalanced budgets, or inflationary fiscal policies...
Deficit spending, he warned, is "the way of the political coward" and a sure road to national weakness"

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