We need to understand that we as citizens and as a government in any community throughout this country have no more important obligation than to educate those who are going to replace us.
Colin Powell
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To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his. -
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
More quotes by Colin Powell
- Bad news isn't wine. It doesn't improve with age.
- Get mad, then get over it.
- It isn't enough just to scream at the Occupy Wall Street demonstrations. We need our political system to start reflect this anger back into, 'How do we fix it? How do we get the economy going again?'
- If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.
- I think whether you're having setbacks or not, the role of a leader is to always display a winning attitude.