Quote by Richard Lamm
Christmas is the time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell government what they want and their kids pay for it.
Summary
This quote emphasizes the idea that during Christmas, children express their desires to Santa, while adults bear the financial burden of making those wishes come true. It draws a parallel with deficits in government, where adults urge the government to fulfill their wants and needs, but it is the future generation, represented by their kids, who end up paying for those accumulated debts. The quote sheds light on the potential consequences of irresponsible spending and highlights the importance of considering the long-term impact of decisions made by current adults on future generations.
By Richard Lamm
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