--- title: "Meaning & Key Takeaway of: There is no real justification for a…" description: "\"There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstri..." image: "https://sms4smile.com/quotes/i/16e/william-vickrey-23056_balanced_there-is-no-real-justification-for-a-req_711000.png" --- # There is no real justification for a requirement that a… ![“There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.” quote by William Vickrey](https://sms4smile.com/quotes/i/16e/william-vickrey-23056_balanced_there-is-no-real-justification-for-a-req_711000.png) [Download](https://sms4smile.com/quotes/i/16e/william-vickrey-23056_balanced_there-is-no-real-justification-for-a-req_711000.png) [Open image](https://sms4smile.com/quotes/i/16e/william-vickrey-23056_balanced_there-is-no-real-justification-for-a-req_711000.png) > “There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.” [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Balanced budgets are often used as a political rallying point rather than a sound economic necessity. **In simple terms:** Budget balance is a political tool, not always economic. Key Takeaway Critically evaluate budget arguments. Themes economics politics policy budgeting Mood analytical critical Type policy economic When to use this quote - budget planning - legislative sessions - public debates - tax policy Key Concepts public finance government political strategy Questions to Reflect On - Why do politicians favor balanced budgets? - What alternatives exist for fiscal responsibility? A Different Perspective May ignore contexts where balanced budgets are prudent. ★ ★ ★ ★ ★ No ratings yet [Balanced](https://sms4smile.com/quotes/about/balanced/) [Balanced Rallying](https://sms4smile.com/quotes/about/balanced-rallying-5608176/) [Budget](https://sms4smile.com/quotes/about/budget/) [Government](https://sms4smile.com/quotes/about/government/) [Hamstring Government](https://sms4smile.com/quotes/about/hamstring-government-5608175/) [Hamstrings](https://sms4smile.com/quotes/about/hamstrings/) [Justification](https://sms4smile.com/quotes/about/justification/) [Politics](https://sms4smile.com/quotes/about/politics/) [Rallying](https://sms4smile.com/quotes/about/rallying/) [Rallying point](https://sms4smile.com/quotes/about/rallying-point-153840/) [Real](https://sms4smile.com/quotes/about/real/) [Requirement Budget](https://sms4smile.com/quotes/about/requirement-budget-5608174/) [Requirements](https://sms4smile.com/quotes/about/requirements/) [Should](https://sms4smile.com/quotes/about/should/) ## Related quotes > [The Irish Republic must be made a word to conjure with - a rallying point for the disaffected, a haven for the oppressed, a…](https://sms4smile.com/quotes/james-connolly/the-irish-republic-must-be-made-a-word-to-conjure-with-a-rallying/) [James Connolly](https://sms4smile.com/quotes/author/james-connolly/) > [What we are working for is an educational program that has become a resource and rallying point for scores of brave southerners who are…](https://sms4smile.com/quotes/septima-poinsette-clark/what-we-are-working-for-is-an-educational-program-that-has-become-a/) [Septima Poinsette Clark](https://sms4smile.com/quotes/author/septima-poinsette-clark/) > [Feminism - the word - can give us a handle, a rallying point, a common ground, and help us build a bridge. 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It's the same for everyone.](https://sms4smile.com/quotes/jonathan-woodgate/most-problems-to-do-with-your-thighs-your-hamstrings-your-calves-come/) [Jonathan Woodgate](https://sms4smile.com/quotes/author/jonathan-woodgate/) > [I pulled a hamstring during the New York City Marathon. 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History, biology, entomology, mineralogy, paleontology. Get a bodyguard and do fieldwork. Find your inner fish. Don't publish too soon. Not before you…](https://sms4smile.com/quotes/marlene-van-niekerk/read-non-fiction-history-biology-entomology-mineralogy-paleontology/) [Marlene van Niekerk](https://sms4smile.com/quotes/author/marlene-van-niekerk/) > [I played with a left hamstring injury since playing college football at Washington University. I went to doctors all over the country to find…](https://sms4smile.com/quotes/corey-dillon/i-played-with-a-left-hamstring-injury-since-playing-college-football/) [Corey Dillon](https://sms4smile.com/quotes/author/corey-dillon/) > [Every club he's been to has had great injury crises. Every club. And it's always hamstrings.](https://sms4smile.com/quotes/eamon-dunphy/every-club-he-s-been-to-has-had-great-injury-crises-every-club-and-it/) [Eamon Dunphy](https://sms4smile.com/quotes/author/eamon-dunphy/) ## More by William Vickrey > [The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert…](https://sms4smile.com/quotes/william-vickrey/the-supply-side-effect-of-a-restrictive-monetary-policy-is-likely-to/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [It's insane to try to balance the budget.](https://sms4smile.com/quotes/william-vickrey/it-s-insane-to-try-to-balance-the-budget/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a…](https://sms4smile.com/quotes/william-vickrey/currently-a-level-of-unemployment-of-7-or-more-seems-to-be-required/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [This paper was one of my digressions into abstract economics.](https://sms4smile.com/quotes/william-vickrey/this-paper-was-one-of-my-digressions-into-abstract-economics/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.](https://sms4smile.com/quotes/william-vickrey/deficits-do-not-in-themselves-produce-inflation-nor-does-a-balanced/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.](https://sms4smile.com/quotes/william-vickrey/balancing-a-nominal-budget-will-solve-nothing-and-attempting-to/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably…](https://sms4smile.com/quotes/william-vickrey/i-define-genuine-full-employment-as-a-situation-where-there-are-at/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [Firms would be given initial entitlements to gross markup on the basis of past performance, adjusted by changes in labor and capital inputs. This…](https://sms4smile.com/quotes/william-vickrey/firms-would-be-given-initial-entitlements-to-gross-markup-on-the/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the…](https://sms4smile.com/quotes/william-vickrey/the-great-increase-in-longevity-has-produced-a-surge-in-the-desire-to/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.](https://sms4smile.com/quotes/william-vickrey/the-insane-pursuit-of-the-holy-grail-of-a-balanced-budget-in-the-end/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) > [To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. 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High interest rates enter into costs and thus exert inflationary…](https://sms4smile.com/quotes/william-vickrey/the-supply-side-effect-of-a-restrictive-monetary-policy-moreover-is/) [William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/) [Explore all 26 William Vickrey quotes ](https://sms4smile.com/quotes/author/william-vickrey/) ## More Balanced quotes > [There were moments, of course. 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