Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
More Quotes from Thomas Sowell:
One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complainThomas Sowell
Elections should be held on April 16th- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders.
Thomas Sowell
If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
Thomas Sowell
The least productive people are usually the ones who are most in favor of holding meetings.
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For society as a whole, nothing comes as a 'right' to which we are 'entitled.' Even bare subsistence has to be producedand produced at a cost of heavy toil for much of human history. The only way anyone can have a right to something that has to be produced is to force someone else to produce it for him. The more things are provided as rights, the less the recipients have to work and the more others have to carry their load.
Thomas Sowell
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