You cannot spend your way out of recession or borrow your way out of debt.
More Quotes from Daniel Hannan:
Political reporters no longer get to decide what's news. The days when a minister gave briefings to a dozen lobby correspondents, and thereby dictated the next day's headlines, are over. Now, a thousand bloggers decide for themselves what is interesting. If enough of them are tickled then, bingo, you're news.Daniel Hannan
You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit.
Daniel Hannan
The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child.
Daniel Hannan
A trillion here, a trillion there and pretty soon you're talking about real money.
Daniel Hannan
The U.S. states that allow for citizens' initiatives tend to have fewer laws and lower taxes than the ones that don't. But the beauty of the system is that it encourages the spread of best practice.
Daniel Hannan
When you repeat, in that wooden and perfunctory way, that our situation is better than others, that we're 'well-placed to weather the storm', I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line.
Daniel Hannan
Readers Who Like This Quotation Also Like:
Based on Topics: Debts QuotesA good constitution is infinitely better than the best despot.
Thomas B. Macaulay
To die for an idea; it is unquestionably noble. But how much nobler it would be if men died for ideas that were true!
H. L. Mencken
When I speak to students and they ask how much money you can make in art, as if that is a reason to persue it, I tell them to do something else.
Joe Murray