When a business or an individual spends more than it makes, it goes ba…

Ronald Reagan
693 citations
When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident. ✨ Ronald Reagan (1993). Actor, Ideologue, Politician: The Public Speeches of Ronald Reagan, Greenwood Publishing Group
Politics
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