There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.
More Quotes from William Vickrey:
Ten billion dollars less of deficit means 10 billion less of disposable income ... and a loss of at least 100,000 jobs.William Vickrey
We felt it was time we received a report card from the public about how they feel about their court system so we can be guided about what to focus on in the future.
William Vickrey
If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
William Vickrey
It's insane to try to balance the budget.
William Vickrey
There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.
William Vickrey
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
William Vickrey
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Based on Topics: Budgeting Quotes, Government QuotesBased on Keywords: hamstring, rallying
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