Tag: national debt

Churchill on the Debt Limit Crisis

Churchill on the Debt Limit Crisis

“I do not believe in look­ing about for some panacea or cure-all on which we should stake our cred­it and for­tunes, try­ing to sell it like a patent med­i­cine to all and sundry. It is easy to win applause by talk­ing in an airy way about great new depar­tures in pol­i­cy, espe­cial­ly if all detailed pro­pos­als are avoid­ed.”

No, Sir Win­ston has not inter­rupt­ed his first mil­lion years paint­ing to com­ment on the recent­ly “resolved” debt debate, rais­ing the Unit­ed States Nation­al Debt by anoth­er piece of pocket-change—$2.4 tril­lion (a debate held not between bor­row­er and lender, like you and I would, but two sets of bor­row­ers, or rather spenders: the Democ­rats and Republicans—as Mark Steyn apt­ly put it.). The com­ment above is from 5 Octo­ber 1946.…

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Churchill on the Stimulus Package

Churchill on the Stimulus Package

No, Sir Win­ston has not inter­rupt­ed his first mil­lion years in heav­en to com­ment on the U.S. Government’s “Fis­cal Stim­u­lus Pack­age.” And I’m not going to sug­gest what he would think of it—heaven for­bid. I’ve just sift­ed through Churchill by Him­self for applic­a­ble quo­ta­tions, rang­ing them in strict chrono­log­i­cal order. Draw your own con­clu­sions:

“You may, by the arbi­trary and ster­ile act of Government—for, remem­ber, Gov­ern­ments cre­ate noth­ing and have noth­ing to give but what they have first tak­en away—you may put mon­ey in the pock­et of one set of Eng­lish­men, but it will be mon­ey tak­en from the pock­ets of anoth­er set of Eng­lish­men, and the greater part will be spilled on the way.”  —WSC, BIRMINGHAM TOWN HALL, 11 NOVEMBER 1903

“Where you find that State enter­prise is like­ly to be inef­fec­tive, then utilise pri­vate enter­pris­es, and do not grudge them their prof­its.”  —WSC, ST.…

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