Sunday, March 3, 2013

Quote for the Week

You cannot spend your way out of recession or borrow your way out of debt.

-Daniel Hannan

4 comments:

Old NFO said...

Oh so true, and I wonder why no one in Washington will believe that...

Graybeard said...

"Now, people when I say that look at me and say, 'What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?'. The answer is yes, that's what I'm telling you." - Joe Biden

Bob S. said...

Aren't you assuming they want to get us out of the recession or cut the debt?

Frankly there has been nothing from either party that would lead me to the conclusion they actually want to solve the problem.

Isn't it strange that most of their actions increase the size and scope of the government while not reducing the debt / stopping the recession?

Lawyer said...

Congress and the White House are only concerned with staying in power the next time around. They will say what we want to hear come election time. After that, they will do what is necessary to stay there.

So, they create a debt, security, or some other problem, and then insist we need them in order to get it solved.