Bears Quote by Calvin Coolidge
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we save means that their life will be so much the more abundant. Economy is idealism in its most practical form.”
About This Quote
Source Speech: 1925 Republican National Convention, 1925
Advocates fiscal restraint to protect ordinary workers from wasteful government spending, linking thrift to moral responsibility for the public good.
In simple terms: Saving money helps people live better lives.
Practice fiscal responsibility for societal benefit.
Themes
Mood
Type
When to use this quote
- budget planning
- policy making
- personal finance
- public administration
Key Concepts
Questions to Reflect On
- How does personal thrift translate to public welfare?
- What are the limits of austerity?
May overlook necessary investments in infrastructure or social services.