national debt Archives - Richard M. Langworth

Churchill on the Annual Crisis of the National Debt

10 February 2022 Comments 1 Comment

"There are two ways in which a gigantic debt may be spread over new decades and future generations. There is the right and healthy way; and there is the wrong and morbid way. The wrong way is to fail to make the utmost provision for amortisation which prudence allows, to aggravate the burden of the debts by fresh borrowings, to live from hand to mouth and from year to year, and to exclaim with Louis XV: 'After me, the deluge!'” —WSC, 1927

Churchill on the Stimulus Package

5 March 2009 Comments 0 Comments

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.”…