The budget should be balanced, the Treasury should be filled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome be bankrupt. People must again learn to work, instead of living on public assistance.
Marcus Tullius Cicero, 55 BC
h/t COVERTRESS
Thomas Jefferson
The prospect of domination of the nation’s scholars by Federal employment, project allocations, and the power of money is ever present – and is gravely to be regarded. Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.
From President Eisenhower’s Farewell Address to the Nation, January 17, 1961
If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.
A nation cannot prosper if its members are not fully aware of the fact that what alone can improve their conditions is more and better production. And this can only be brought about by increased saving and capital accumulation.
What the doctrine of balancing budgets over a period of many years really means is this: As long as our own party is in office, we will enhance our popularity by reckless spending.
What the government spends more, the public spends less. Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
From The Quotable Mises, edited by Mark Thornton and published by the Mises Institute
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Orphaned!
The Democrat and Republican Party have lost touch with the American People. They have become the political elite and We the People have become "fly-over country." I am not a Nazi, a terrorist, a member of the KKK, a racist, or a member of an angry mob. I'm not a birther, teabagger, truther or astroturfer. I do, however believe in the original intent of the Founding Fathers, the United States Constituton and the rule of law. I believe that Government should serve the People, not the other way around. I’m an American and conservative to my very core.
I feel like an orphan.
An American Political Orphan.
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