Carolina QuotesWhen the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. 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 Connected to the Carolinas
Source
Deficits Make You Poorer (March 15, 2005).
- work
- 2001-2005
- year
- 2001
Cite this record
“When the federal government spends more each year than it co…” Ron Paul. Carolina Quotes, record CQ-02C8A61719. https://carolinaquotes.com/quote/02c8a61719
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