--- title: "Meaning & Key Takeaway of: Deficits mean future tax increases, pure…" description: "\"Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create defic..." image: "https://sms4smile.com/quotes/i/184/ron-paul-686_deficit_deficits-mean-future-tax-increases-pure_2584346.jpg" --- # Deficits mean future tax increases, pure and simple… ![“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.” quote by Ron Paul](https://sms4smile.com/quotes/i/184/ron-paul-686_deficit_deficits-mean-future-tax-increases-pure_2584346.jpg) [Download](https://sms4smile.com/quotes/i/184/ron-paul-686_deficit_deficits-mean-future-tax-increases-pure_2584346.jpg) [Open image](https://sms4smile.com/quotes/i/184/ron-paul-686_deficit_deficits-mean-future-tax-increases-pure_2584346.jpg) > “Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.” [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Deficits are essentially future taxes, burdening later generations, and creators of deficits should be called out as fiscal exploiters. **In simple terms:** Deficits are future taxes on the next generation. Key Takeaway Advocate responsible budgeting to avoid burdening future taxpayers. Themes economics fiscal responsibility intergenerational equity politics Mood critical concerned Type speech political commentary When to use this quote - budget planning - policy debate - public finance - tax reform Key Concepts tax policy budget deficits government spending future liability Questions to Reflect On - How can societies reduce future tax burdens? - What ethical duties do policymakers have? A Different Perspective Short-term gains may ignore long-term costs. ★ ★ ★ ★ ★ No ratings yet [Deficit spending](https://sms4smile.com/quotes/about/deficit-spending/) [Future generation](https://sms4smile.com/quotes/about/future-generation/) [Generations](https://sms4smile.com/quotes/about/generations/) [Politician](https://sms4smile.com/quotes/about/politician/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [“These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. Wait—Texas? 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And that is where writing off the Tea Party as a bunch…](https://sms4smile.com/quotes/juan-williams/democrats-cannot-win-elections-without-capturing-the-votes-of/) [Juan Williams](https://sms4smile.com/quotes/author/juan-williams/) > [The reason Ronald Reagan gets slammed for having so badly exacerbated the problem of deficit spending is that he so plainly deserves it.](https://sms4smile.com/quotes/daniel-keys-moran/the-reason-ronald-reagan-gets-slammed-for-having-so-badly-exacerbated/) [Daniel Keys Moran](https://sms4smile.com/quotes/author/daniel-keys-moran/) > [We can't have deficit spending in Texas. You have to balance your budget every two years.](https://sms4smile.com/quotes/rick-perry/we-can-t-have-deficit-spending-in-texas-you-have-to-balance-your/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [We now know that inflation results from all that deficit spending.](https://sms4smile.com/quotes/ronald-reagan/we-now-know-that-inflation-results-from-all-that-deficit-spending/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.](https://sms4smile.com/quotes/matt-taibbi/the-party-in-power-almost-always-unapologetically-engages-in-deficit/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale](https://sms4smile.com/quotes/thomas-jefferson/the-principle-of-spending-money-to-be-paid-by-posterity-under-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [We must not let our rulers load us with perpetual debt.](https://sms4smile.com/quotes/thomas-jefferson/we-must-not-let-our-rulers-load-us-with-perpetual-debt/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. 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Government nurtures private capital accumulation through a process…](https://sms4smile.com/quotes/michael-parenti/in-almost-every-enterprise-government-has-provided-business-with/) [Michael Parenti](https://sms4smile.com/quotes/author/michael-parenti/) > [I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity,…](https://sms4smile.com/quotes/thomas-jefferson/i-sincerely-believe-that-banking-establishments-are-more-dangerous/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector…](https://sms4smile.com/quotes/sarah-palin/to-reduce-deficit-spending-and-our-enormous-debt-you-reign-in/) [Sarah Palin](https://sms4smile.com/quotes/author/sarah-palin/) > [Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to…](https://sms4smile.com/quotes/ayn-rand/inflation-is-not-caused-by-the-actions-of-private-citizens-but-by-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) ## More by Ron Paul > [Washington bureaucrats have classified the very air we exhale as a pollutant and have gone unchallenged in this incredible assertion. The logical consequence is…](https://sms4smile.com/quotes/ron-paul/washington-bureaucrats-have-classified-the-very-air-we-exhale-as-a/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [I'm an imperfect messenger, but the message is perfect.](https://sms4smile.com/quotes/ron-paul/i-m-an-imperfect-messenger-but-the-message-is-perfect/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [History has shown that the masses have been quite receptive to the promises of authoritarians which are rarely if ever fulfilled,](https://sms4smile.com/quotes/ron-paul/history-has-shown-that-the-masses-have-been-quite-receptive-to-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The reality is that our military presence on foreign soil is as offensive to the people that live there as armed Chinese troops would…](https://sms4smile.com/quotes/ron-paul/the-reality-is-that-our-military-presence-on-foreign-soil-is-as/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Right now, nobody legalized paper money. Where did that come from.](https://sms4smile.com/quotes/ron-paul/right-now-nobody-legalized-paper-money-where-did-that-come-from/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Real patriotism is a willingness to challenge the government when it's wrong.](https://sms4smile.com/quotes/ron-paul/real-patriotism-is-a-willingness-to-challenge-the-government-when-it/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Expect the rapidly expanding homeschooling movement to play a significant role in the revolutionary reforms needed to build a free society with Constitutional protections.](https://sms4smile.com/quotes/ron-paul/expect-the-rapidly-expanding-homeschooling-movement-to-play-a/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [“Intellectually and compassionately explaining the reason freedom works is required for credibility.”](https://sms4smile.com/quotes/ron-paul/intellectually-and-compassionately-explaining-the-reason-freedom/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Governments have nothing. They can't create anything, they never have. All they can do is steal from one group and give it to another…](https://sms4smile.com/quotes/ron-paul/governments-have-nothing-they-can-t-create-anything-they-never-have/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Why is it is claimed that if people won't or can't take care of their own needs, that people in government can do it…](https://sms4smile.com/quotes/ron-paul/why-is-it-is-claimed-that-if-people-won-t-or-can-t-take-care-of-their/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [It is dissent from government policies which defines the true Patriot](https://sms4smile.com/quotes/ron-paul/it-is-dissent-from-government-policies-which-defines-the-true-patriot/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing…](https://sms4smile.com/quotes/ron-paul/the-moral-and-constitutional-obligations-of-our-representatives-in/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [I will veto any spending bill that contains funding for Planned Parenthood, facilities that perform abortion and all government family planning schemes.](https://sms4smile.com/quotes/ron-paul/i-will-veto-any-spending-bill-that-contains-funding-for-planned/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by…](https://sms4smile.com/quotes/ron-paul/prices-are-going-up-unemployment-is-continue-to-go-up-and-we-have-not/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Scientifically, there's no debate over whether the fetus is alive and human.](https://sms4smile.com/quotes/ron-paul/scientifically-there-s-no-debate-over-whether-the-fetus-is-alive-and/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) [Explore all 411 Ron Paul quotes ](https://sms4smile.com/quotes/author/ron-paul/) ## More Deficit quotes > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [There is a nationwide shortage of drugs for Attention Deficit Disorder. The FDA says they're not sure how it happened. I guess somebody wasn't…](https://sms4smile.com/quotes/jay-leno/there-is-a-nationwide-shortage-of-drugs-for-attention-deficit/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [The more competitive value of the dollar turned around the trade deficit.](https://sms4smile.com/quotes/martin-feldstein/the-more-competitive-value-of-the-dollar-turned-around-the-trade/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to…](https://sms4smile.com/quotes/ayn-rand/inflation-is-not-caused-by-the-actions-of-private-citizens-but-by-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [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 cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It…](https://sms4smile.com/quotes/alan-greenspan/i-cannot-conceive-of-a-politically-feasible-solution-to-this-problem/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.](https://sms4smile.com/quotes/bernie-sanders/the-deficit-crisis-is-real-and-must-be-addressed-but-it-cannot-be/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [You know, dramas are much more expensive to do than say a comedy, so any kind of deficit like that is picked up on…](https://sms4smile.com/quotes/paul-guilfoyle/you-know-dramas-are-much-more-expensive-to-do-than-say-a-comedy-so/) [Paul Guilfoyle](https://sms4smile.com/quotes/author/paul-guilfoyle/) > [The major cause for American Negroes intellectual and social deficits is hereditary and racially genetic in origin and thus not remedial to a major…](https://sms4smile.com/quotes/william-shockley/the-major-cause-for-american-negroes-intellectual-and-social-deficits/) [William Shockley](https://sms4smile.com/quotes/author/william-shockley/) > [Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today…](https://sms4smile.com/quotes/robert-c-solomon/back-in-those-days-in-the-fifties-and-sixties-countries-had-balance/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [I am a deficit hawk.](https://sms4smile.com/quotes/dick-cheney/i-am-a-deficit-hawk/) [Dick Cheney](https://sms4smile.com/quotes/author/dick-cheney/) > [What sets black people apart is not some deficit in personal responsibility. It's the weight on our shoulders. That is what's actually different. We…](https://sms4smile.com/quotes/ta-nehisi-coates/what-sets-black-people-apart-is-not-some-deficit-in-personal/) [Ta-Nehisi Coates](https://sms4smile.com/quotes/author/ta-nehisi-coates/) > [I will bring our energy companies back. They'll be able to compete. They'll make money. They'll pay off our national debt. They'll pay off…](https://sms4smile.com/quotes/donald-trump/i-will-bring-our-energy-companies-back-they-ll-be-able-to-compete/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [The company must be profitable. Preferably it will have increased its earnings for the past five years and there will have been no deficits…](https://sms4smile.com/quotes/peter-cundill/the-company-must-be-profitable-preferably-it-will-have-increased-its/) [Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/) > [No industry or country can reach its full potential until women reach their full potential. This is especially true of science and technology, where…](https://sms4smile.com/quotes/sheryl-sandberg/no-industry-or-country-can-reach-its-full-potential-until-women-reach/) [Sheryl Sandberg](https://sms4smile.com/quotes/author/sheryl-sandberg/) Browse all 585 Deficit quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Deficits mean future tax increases, pure and simple. 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