--- title: "Meaning & Key Takeaway of: Having billions of dollars immediately…" description: "\"Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street invest..." image: "https://sms4smile.com/quotes/i/903/dick-durbin-3181_budget_having-billions-of-dollars-immediately-a_164138.png" --- # Having billions of dollars immediately available to plug… ![“Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.” quote by Dick Durbin](https://sms4smile.com/quotes/i/903/dick-durbin-3181_budget_having-billions-of-dollars-immediately-a_164138.png) [Download](https://sms4smile.com/quotes/i/903/dick-durbin-3181_budget_having-billions-of-dollars-immediately-a_164138.png) [Open image](https://sms4smile.com/quotes/i/903/dick-durbin-3181_budget_having-billions-of-dollars-immediately-a_164138.png) > “Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.” [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Immediate fiscal relief without tax hikes is attractive, but it can mask deeper financial risks for governments and taxpayers. **In simple terms:** Quick money sounds good but may hide long‑term problems. Key Takeaway We long‑term costs before using easy cash. Themes public finance budgeting tax policy short‑term appeal long‑term risk Mood cautious analytical Type policy financial When to use this quote - state budgeting - tax reform - infrastructure funding - emergency relief Key Concepts fiscal stimulus government spending tax avoidance economic sustainability Questions to Reflect On - What hidden costs might arise from using easy cash? - How can governments balance immediate needs with future stability? A Different Perspective Quick cash can increase debt and reduce fiscal discipline. ★ ★ ★ ★ ★ No ratings yet [Impact](https://sms4smile.com/quotes/about/impact/) [Investing](https://sms4smile.com/quotes/about/investing/) [Questions](https://sms4smile.com/quotes/about/questions/) [Raising taxes](https://sms4smile.com/quotes/about/raising-taxes/) [Street](https://sms4smile.com/quotes/about/street/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [“you are the only one i m having in 6 billions”](https://sms4smile.com/quotes/irum-mujahid-mehmood/you-are-the-only-one-i-m-having-in-6-billions/) Irum Mujahid Mehmood > [I believe Nebraskans appreciate the fiscal discipline I've brought to state government, balancing the budget without raising taxes and prioritizing education funding.](https://sms4smile.com/quotes/dave-heineman/i-believe-nebraskans-appreciate-the-fiscal-discipline-i-ve-brought-to/) [Dave Heineman](https://sms4smile.com/quotes/author/dave-heineman/) > [What I have proposed would be paid for by raising taxes on the wealthy, because they have made all the gains in the economy.](https://sms4smile.com/quotes/hillary-clinton/what-i-have-proposed-would-be-paid-for-by-raising-taxes-on-the/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [The issue is not about raising taxes. The issue is, how do we allocate the wealth that we have? We spend trillions of dollars…](https://sms4smile.com/quotes/henry-giroux/the-issue-is-not-about-raising-taxes-the-issue-is-how-do-we-allocate/) [Henry Giroux](https://sms4smile.com/quotes/author/henry-giroux/) > [I see city finances within the context of an economic strategy... We are going to solve our financial problems by growing the economy, and…](https://sms4smile.com/quotes/rahm-emanuel/i-see-city-finances-within-the-context-of-an-economic-strategy-we-are/) [Rahm Emanuel](https://sms4smile.com/quotes/author/rahm-emanuel/) > [This is a government takeover of our healthcare system. It is the government basically running the entire healthcare system, turning large insurers into de…](https://sms4smile.com/quotes/paul-ryan/this-is-a-government-takeover-of-our-healthcare-system-it-is-the/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [I personally don't believe we ought to be raising taxes or cutting spending, either one, until we get this economy off the ground. I'll…](https://sms4smile.com/quotes/william-j-clinton/i-personally-don-t-believe-we-ought-to-be-raising-taxes-or-cutting/) [William J. Clinton](https://sms4smile.com/quotes/author/william-j-clinton/) > [When President Obama speaks about raising taxes on the rich, he speaks about high-income employees and small business owners, not entrepreneurs who build big…](https://sms4smile.com/quotes/robert-kiyosaki/when-president-obama-speaks-about-raising-taxes-on-the-rich-he-speaks/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Raising taxes is the last thing we should do amid the weakest economic recovery since World War II. Unfortunately, even if we avoid the…](https://sms4smile.com/quotes/john-cornyn/raising-taxes-is-the-last-thing-we-should-do-amid-the-weakest/) [John Cornyn](https://sms4smile.com/quotes/author/john-cornyn/) > [Governments don't reduce deficits by raising taxes on the people; governments reduce deficits by controlling spending and stimulating new wealth.](https://sms4smile.com/quotes/ronald-reagan/governments-don-t-reduce-deficits-by-raising-taxes-on-the-people/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.](https://sms4smile.com/quotes/murray-rothbard/while-deficits-are-often-inflationary-and-always-pernicious-curing/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [We Hoosiers hold to some quaint notions. Some might say we 'cling' to them, though not out of fear or ignorance. We believe in…](https://sms4smile.com/quotes/mitch-daniels/we-hoosiers-hold-to-some-quaint-notions-some-might-say-we-cling-to/) [Mitch Daniels](https://sms4smile.com/quotes/author/mitch-daniels/) > [I am no longer going to go along with this idea that we're going to keep spending and borrowing and taking over and raising…](https://sms4smile.com/quotes/chris-matthews/i-am-no-longer-going-to-go-along-with-this-idea-that-we-re-going-to/) [Chris Matthews](https://sms4smile.com/quotes/author/chris-matthews/) > [Imagine his delight after it 'leaked' that he will propose raising taxes on the wealthy by $320 billion over the next 10 years, including…](https://sms4smile.com/quotes/john-podhoretz/imagine-his-delight-after-it-leaked-that-he-will-propose-raising/) [John Podhoretz](https://sms4smile.com/quotes/author/john-podhoretz/) > [What we need is more money back in the hands of Americans of any economic standing and so raising taxes right now doesn't make…](https://sms4smile.com/quotes/kevin-yoder/what-we-need-is-more-money-back-in-the-hands-of-americans-of-any/) [Kevin Yoder](https://sms4smile.com/quotes/author/kevin-yoder/) ## More by Dick Durbin > [We believe that there are aspects of border security that Democrats and Republicans can agree on.](https://sms4smile.com/quotes/dick-durbin/we-believe-that-there-are-aspects-of-border-security-that-democrats/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [When you're talking about long-term deficit reduction, $4 trillion worth, entitlement reform needs to be part of it.](https://sms4smile.com/quotes/dick-durbin/when-you-re-talking-about-long-term-deficit-reduction-4-trillion/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [I prefer Raisin Bran. But I like the Mini-Wheats.](https://sms4smile.com/quotes/dick-durbin/i-prefer-raisin-bran-but-i-like-the-mini-wheats/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [As a government lawyer, Samuel Alito wrote that he personally believe very strongly the Constitution does not protect the right to an abortion.](https://sms4smile.com/quotes/dick-durbin/as-a-government-lawyer-samuel-alito-wrote-that-he-personally-believe/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [We've had enough with the gun traffickers and straw purchasers who buy guns out of state and sell them out of the trunks of…](https://sms4smile.com/quotes/dick-durbin/we-ve-had-enough-with-the-gun-traffickers-and-straw-purchasers-who/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [It is a challenge to all of us, and it's a challenge we need to meet, to make sure the Quincy Veterans' Home is,…](https://sms4smile.com/quotes/dick-durbin/it-is-a-challenge-to-all-of-us-and-it-s-a-challenge-we-need-to-meet/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [Reducing and removing greenhouse gas emissions spares our planet from the well-documented degradation that we are witnessing on a global basis.](https://sms4smile.com/quotes/dick-durbin/reducing-and-removing-greenhouse-gas-emissions-spares-our-planet-from/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [It is tough to run for public office and face an opponent, to decide on issues what is the best thing, then face the…](https://sms4smile.com/quotes/dick-durbin/it-is-tough-to-run-for-public-office-and-face-an-opponent-to-decide/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [We ought to deal with Social Security in a separate conversation that is not part of deficit reduction.](https://sms4smile.com/quotes/dick-durbin/we-ought-to-deal-with-social-security-in-a-separate-conversation-that/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [I have thought about this issue of abortion time and again. It is not an easy issue for most people. I came to believe…](https://sms4smile.com/quotes/dick-durbin/i-have-thought-about-this-issue-of-abortion-time-and-again-it-is-not/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [We will have health care reform in America.](https://sms4smile.com/quotes/dick-durbin/we-will-have-health-care-reform-in-america/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [Magazine clips with more than 10 rounds should be prohibited from civilian use.](https://sms4smile.com/quotes/dick-durbin/magazine-clips-with-more-than-10-rounds-should-be-prohibited-from/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [With every new corporate inversion, the tax burden increases on the rest of us to pay what these corporations don't.](https://sms4smile.com/quotes/dick-durbin/with-every-new-corporate-inversion-the-tax-burden-increases-on-the/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [Let me tell you, the first president to recognize the state of Israel was Harry Truman, a Democrat. And every president since, Democrat and…](https://sms4smile.com/quotes/dick-durbin/let-me-tell-you-the-first-president-to-recognize-the-state-of-israel/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [Unfortunately the Republican tax cut will deny important revenues to many states facing their own deficits. This will create greater pressure for higher state…](https://sms4smile.com/quotes/dick-durbin/unfortunately-the-republican-tax-cut-will-deny-important-revenues-to/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) [Explore all 137 Dick Durbin quotes ](https://sms4smile.com/quotes/author/dick-durbin/) ## More Budget quotes > [I don't like just traveling in for a short time. I've done that before, because sometimes you work for magazines and they have a…](https://sms4smile.com/quotes/joe-sacco/i-don-t-like-just-traveling-in-for-a-short-time-i-ve-done-that-before/) [Joe Sacco](https://sms4smile.com/quotes/author/joe-sacco/) > [When we stop running up huge budget deficits and start acting responsibly in Washington, we will provide small-business owners with the certainty they need…](https://sms4smile.com/quotes/sam-graves/when-we-stop-running-up-huge-budget-deficits-and-start-acting/) [Sam Graves](https://sms4smile.com/quotes/author/sam-graves/) > [Many developing nations have such severe debt and budget problems that the money given by developed nations will never be spent the way it…](https://sms4smile.com/quotes/richard-grenell/many-developing-nations-have-such-severe-debt-and-budget-problems/) [Richard Grenell](https://sms4smile.com/quotes/author/richard-grenell/) > [We will make government more accountable. We will cut fraud, waste and abuse in our budget. But we will not do it by leaving…](https://sms4smile.com/quotes/john-e-james/we-will-make-government-more-accountable-we-will-cut-fraud-waste-and/) [John E. James](https://sms4smile.com/quotes/author/john-e-james/) > [Defense spending as a share of the economy dropped significantly during the early 1990s, and that was one of the things, along with other…](https://sms4smile.com/quotes/peter-orszag/defense-spending-as-a-share-of-the-economy-dropped-significantly/) Peter Orszag > [I firmly believe that if members of Congress fail to perform their most basic duty in passing a budget, then they do not deserve…](https://sms4smile.com/quotes/kurt-schrader/i-firmly-believe-that-if-members-of-congress-fail-to-perform-their/) [Kurt Schrader](https://sms4smile.com/quotes/author/kurt-schrader/) > [They offered me $1,500 to do a week of 'The Golden Girls.' Can you imagine that? A big show with a big budget, and…](https://sms4smile.com/quotes/soupy-sales/they-offered-me-1-500-to-do-a-week-of-the-golden-girls-can-you/) [Soupy Sales](https://sms4smile.com/quotes/author/soupy-sales/) > [In my mid-20s I worked at the White House Office of Management and Budget.](https://sms4smile.com/quotes/margaret-hoover/in-my-mid-20s-i-worked-at-the-white-house-office-of-management-and/) [Margaret Hoover](https://sms4smile.com/quotes/author/margaret-hoover/) > ['The Librarians' is a show that really needs to have ten days, but we shoot it in seven, so the workload is really tremendous,…](https://sms4smile.com/quotes/noah-wyle/the-librarians-is-a-show-that-really-needs-to-have-ten-days-but-we/) [Noah Wyle](https://sms4smile.com/quotes/author/noah-wyle/) > [In a budget this massive, there are certainly areas where I think we could do much better.](https://sms4smile.com/quotes/mac-thornberry/in-a-budget-this-massive-there-are-certainly-areas-where-i-think-we/) [Mac Thornberry](https://sms4smile.com/quotes/author/mac-thornberry/) > [As soon as you're at the higher levels of budgeting, you've got to get the film made, and the only way to support the…](https://sms4smile.com/quotes/ridley-scott/as-soon-as-you-re-at-the-higher-levels-of-budgeting-you-ve-got-to-get/) [Ridley Scott](https://sms4smile.com/quotes/author/ridley-scott/) > [I don't want to revisit history or try to re-interpret it, you know, but starting from where we are now, given the experience that…](https://sms4smile.com/quotes/jill-stein/i-don-t-want-to-revisit-history-or-try-to-re-interpret-it-you-know/) [Jill Stein](https://sms4smile.com/quotes/author/jill-stein/) > [If we're going to have an unconventional budget, we probably need an unconventional process to get there.](https://sms4smile.com/quotes/anthony-foxx/if-we-re-going-to-have-an-unconventional-budget-we-probably-need-an/) [Anthony Foxx](https://sms4smile.com/quotes/author/anthony-foxx/) > [The American people, in their own families, they understand that you have to do that. You have to make the tough decisions. You have…](https://sms4smile.com/quotes/cathy-mcmorris-rodgers/the-american-people-in-their-own-families-they-understand-that-you/) [Cathy McMorris Rodgers](https://sms4smile.com/quotes/author/cathy-mcmorris-rodgers/) > [There is no excuse for waste, fraud, and abuse in the Defense Department budget.](https://sms4smile.com/quotes/john-bolton/there-is-no-excuse-for-waste-fraud-and-abuse-in-the-defense/) [John Bolton](https://sms4smile.com/quotes/author/john-bolton/) Browse all 855 Budget quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. 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