Becomes Quote by Alan Patricof
“In times of huge fiscal deficits, no new revenues can be ignored, and renouncing any becomes well nigh politically impossible.”
About This Quote
Large fiscal deficits make it politically impossible to ignore new revenue sources or renounce spending.
In simple terms: Huge deficits force new revenue and spending choices.
Key Takeaway
Balance revenue and spending responsibly.
Themes
economics
politics
budgeting
Mood
concerned
analytical
Type
practical
informative
When to use this quote
- government budgeting
- policy making
- public finance
Key Concepts
fiscal policy
political feasibility
Questions to Reflect On
- What revenue options are politically viable?
- How can deficits be reduced without harming growth?
A Different Perspective
Political pressure may limit realistic solutions.
