“No Magic Money Machine” : Black Bear Blog
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“No Magic Money Machine”

November 19, 2008


You know, sometimes the big spenders in Congress talk as if all that money they spend just kind of magically appears on their doorstep, a gift from the Internal Revenue Service. They talk as if spending were all giving and no taking.

“Well, there is no magic money machine. Every dollar the government spends comes out of your pockets. Every dollar the government gives to someone has to first be taken away from someone else. So, it’s our moral duty to make sure that we can justify every one of your tax dollars, that we spend them wisely and carefully and, just as important, fairly.” – Ronald Reagan, April 24, 1985 in an address to the Nation on the Federal Budget and Deficit Reduction

Posted by Tom Remington

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Comments

3 Responses to ““No Magic Money Machine””

  1. Greg Farber on November 19th, 2008 12:32 pm

    Paper money and credit destroy people and nations,
    http://www.proliberty.com/observer/20081006.htm
    What if they gave a depression and nobody came?
    http://www.proliberty.com/observer/20081005.htm
    Economic crisis ? That’s a matter of perspective.
    http://www.proliberty.com/observer/20081011.htm

    All good reads, and very factually correct historically. Of course only Intelligent Designed minds will get it.

    These CON-gress-humans, I dare not call them men, men do not betray their populances for wealth, promises, or swear allegiance to foreign powers behind the backs of good men and women of their own nations, men are not cowards, communists are. Criminals are, men who would think of themselves as gods are…cowards.

  2. Bear Chested on November 21st, 2008 9:43 pm

    [...] “No Magic Money Machine” – Black Bear Blog – Black Bear Blog – The … [...]

  3. ar on November 22nd, 2008 7:49 pm

    While Obama is by no means the first person to hold this exaggerated view of nature, it is understandable that he does; particularly because environmentalism has long provided cover for Marxists and Socialists the world over. The language of environmentalists crept into the U.S. vernacular though the Progressive Movement’s support of evolutionary theory during the first two decades of the 20th century. Through that movement, socialists pushed a worldview counter to the Christian worldview with the explicit pursuit of things like “social justice” and progressive, redistributive taxes (thus the adoption of a “progressive” federal income tax in 1913 which comes full circle in Obama’s current pledge to “spread around the wealth.”).

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