Quote by Ronald Reagan
We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.
Summary
This quote emphasizes that excessive spending, rather than insufficient taxation, is responsible for the trillion-dollar debt. It argues that controlling government spending is the key to addressing this debt, implying that raising taxes alone would not alleviate the issue. The quote highlights the need for fiscal discipline and implies that reducing government spending is a more effective solution to tackling the debt problem.
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