Thoughts on national budgets

Published: Jan 28, 2017

mg_92127_jacob_lew_280x210.jpg
The budget is not just a collection of numbers, but an expression of our values and aspirations.
 —Jacob Lew

Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.  
—Philip Slater

mg_92129_ross_perot_280x210.jpg
The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.
—Ross Perot

An economy funded by subsidy is no economy in an ideal sense.
—Tony Osborg

mg_92131_harry_truman_280x210.jpg
It’s a recession when your neighbour loses his job; it’s depression when you lose your own.
—Harry Truman

mg_92133_nikita_khrushev_280x210.jpg
Politicians are the same all over. They promise to build bridges, even where there are no rivers.
—Nikita KhrushCev


Great nations are built by great people, not just successful people.
—Fela Durotoye

We have become a society of indulgent consumers resulting in rapidly increasing debt, both personally and as a nation.
—LG Durand

mg_92135_george_osborne_280x210.jpg
Just as we should never balance the budget on the backs of the poor, so it is an economic delusion to think you can balance it only on the wallets of the rich.
—George Osborne

mg_92137_mark_mckinnon_280x210.jpg
Normally, when politicians talk about ‘cutting the budget’, they really mean reducing the amount of increase. Actual spending goes up while the politicians claim to have ‘cut the budget’.
—Mark McKinnon

We didn’t actually overspend our budget. The allocation simply fell short of our expenditure.
—Keith Davis

mg_92139_rick_scott_280x210.jpg
Reviewing a government budget is much like going through the attic in an old home.
—Rick Scott

Image: Scott: Carlo Allegri / Reuters; Lew: Rafael Marchante / Reuters; Truman, Khrushchev: Bettmann / Getty Images; Mckinnon: David Mcnew / Reuters; Perot: Win Mcnamee / Reuters; Osborne: Richard Pohle / Pool / Reuters

(This story appears in the 03 February, 2017 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

Show More
Post Your Comment
Required
Required, will not be published
All comments are moderated
MSD Telematics acquires Heuristics Info Systems in an all-cash deal
NCLT dismisses contempt plea filed by Mistry family firms against Tata Sons