Quotes About Spending

A new report reveals that New Jersey Governor Chris Christie spent over $82,000 on food at NFL games. Christie said, 'Hey, both of those games went into overtime.'

Why does the Air Force need expensive new bombers? Have the people we've been bombing over the years been complaining?

I haven't reported my missing credit card to the police because whoever stole it is spending less than my wife.

I know a baseball star who wouldn't report the theft of his wife's credit cards because the thief spends less than she does.

How we spend our money, however little we have, still reveals what we value.

We spend a trillion dollars a year on food, but it's only 9.4 percent of our expendable income, the lowest percentage of any country on record.

Too many vital education dollars that should be spent in the classroom are bouncing around in the federal bureaucracy.

In the mid-1990s, New York City was spending $58,000 annually per adult inmate and $70,000 for each juvenile at Rikers.[6] In 2013, the annual cost per inmate was $167,000.[7] Over the last two decades this amounts to eight to ten times what the city spends on each child in its public schools.

Class warfare or soaking the so-called rich may make for good populist demagoguery and serve the political ends of the governing masterminds, but it does nothing to solve the grave realities of the federal government's insatiable appetite for spending and its inability to reform itself.

The devastating consequences of wealth redistribution, intergenerational thievery, massive federal spending, endless borrowing, and unimaginable debt accumulation on American society, and most particularly on the ruling generation and future generations, are a travesty. Stealing from the future does not establish the utopia promised by the statists. It is the rising generation's grave moral failure.

Not only is federal spending out of control, it is also inefficient and poorly monitored. A recent report issued by the comptroller general of the United States, Gene Dodaro, disclosed that duplicative or overlapping federal spending programs exist in 132 areas, from teacher training to job training.40 Dodaro also found that improper payments by eighteen different federal departments in 2012 cost the federal government a whopping $107 billion.41

The large amount of debt could also compromise national security by constraining defense spending in times of international crisis or by limiting the country's ability to prepare for such a crisis."14

THE LARGEST SINGLE COMPONENT of the federal budget, and perhaps the greatest and most financially devastating burden imposed on younger people and future generations, is the Social Security program. This is not a recent development. Since 1993, it has outspent defense appropriations. As a percentage of federal spending, Social Security's expenditures have ranged from 0.22 percent during World War II to 24 percent in 2013.1 And Social Security costs are actually skyrocketing.

In plain English, the immense investment of tax dollars in a vast government-run educational infrastructure is buying young people a poor education. The data demonstrate there is no overall correlation between the dramatic spending increases in public education during the last several decades and academic achievement.

Consistent with those patterns, there has been essentially no correlation between what states have spent on education and their measured academic outcomes. In other words, America's educational productivity appears to have collapsed, at least as measured by the NAEP and the SAT."15

The nation's fiscal operating debt was already $10.6 trillion on the day President Barack Obama took office in January 2009. By the end of January 2012, however, the fiscal operating debt had increased 44.5 percent to $15.4 trillion. As of April 12, 2015, the fiscal operating debt was $18.152 trillion—a 71 percent increase in less than six and one half years.

The way money goes so fast these days, they should paint racing stripes on it.

My wife has a black belt in shopping.

A fool and his money are soon invited everywhere.

A fool and his money are soon partying.

It's your money. You paid for it.

It's a shame that we have to use whatever leverage we have in Congress to get the president to deal with the biggest problem confronting our future. And that's our excessive spending.

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.

Unless you reduce the long-term spending burden, you cannot cut taxes in any lasting way, but can only shift the burden of taxes from the present to the future.