Amount Quote by Sam Ewing

Governments harangue about deficits to get more revenue so they can spend more.

— Allan H. Meltzer

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available…

— Milton Friedman

Governments don't reduce deficits by raising taxes on the people; governments reduce deficits by controlling spending and stimulating new wealth.

— Ronald Reagan

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

— Anonymous

Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.

— Milton Friedman

Having a trade deficit and a budget deficit, it's two different things.

— Stephanie Ruhle

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles.…

— Marc Faber

It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden…

— Milton Friedman

Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.

— Michael Hudson

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.

— Peter DeFazio

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits…

— Ron Paul

Traditionally, the way deficits have been cut is you hold expenditures more or less constant in real dollars and then let growth come in…

— Phil Bredesen