So that as I tried to say in my speech, we are not faced with the question of balancing our budget, or having a tax reduction. I believe we are faced with the fact that we are going to have a deficit mostly because of the sharp rise in the recent years in space and defense, and to increase our taxes sufficient to bring that budget into balance would be defeating, because of course it would provide a heavy deflationary effect on our economy, and move us into a recession at an accelerated rate.
John F. KennedyRelated topics
balancing believe course deficit having heavy increase move question recession reduction rise sharp space speech tax try yearsRelated quotes
Broadly speaking, [Keynesianism means] that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.
John Kenneth Galbraith
The usual people tried to claim responsibility. First the IRA, then the PLO and the Gas Board. Even British Nuclear Fuels rushed out a statement to the effect that the situation was completely under control, that it was a one in a million chance, that there was hardly any radioactive leakage at all, and that the site of the explosion would make a nice location for a day out with the kids and a picnic, before finally having to admit that it wasn't actually anything to do with them at all.
Douglas Adams
The weed crushed and pressed by the heavy rock may slowly and gently grow up anew helped by the fresh air, sunshine, and sympathetic rain. On the other hand, the rock is often broken through exposure to nature and weathering. Life is a strong power to grow in tenderness; this fact may be considered as having a close relation with human life. At the same time tenderness has sometimes stronger power against stiffness or hardening due to extreme strain.
Kyuzo Mifune
In these sentiments, Sir, I agree to this Constitution, with all its faults, - if they are such; because I think a general Government necessary for us, and there is no form of government but what may be a blessing to the people, if well administered; and I believe, farther, that this is likely to be well administered for a course of years, and can only end in despotism, as other forms have done before it, when the people shall become so corrupted as to need despotic government, being incapable of any other.
Benjamin Franklin
Well, I think the way you feel as a teenager stays with you, forever. I really believe that. And we try to change and we hope that we change, but we don't really in big ways, in serious ways. I think the personality is formed at that time, for the good and for the bad. ... We all want to grow up and move on and appear to be different to people. And we want people to see us in a different way. But, I don't know, I think the personality is very, very strongly cemented, and we just bear whatever shortcomings we have and learn to live with it.
Morrissey