Quote by Ron Paul
Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
Summary
This quote suggests that government deficits, which are the result of spending more than what is collected in taxes, ultimately lead to tax increases in the future. It argues that deficit spending should be seen as a burden on future generations, akin to a tax, and politicians who engage in such practices should be exposed as individuals who effectively increase taxes for the future. The quote emphasizes the importance of fiscal responsibility and suggests that deficits have long-term consequences for taxpayers.
Topics
Future
By Ron Paul
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