In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
Fareed Zakaria
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Well, first of all, I think that a lot of the voters who are voting for the tea party candidates have really good impulses. That is, they believe that for years and years and years, the people with wealth and power or government power have done well and ordinary people have not. That's true. -
Republicans and Democrats have used accounting gimmicks and competing government analyses to deceive the public into believing that 2 + 2 = 6. If our leaders cannot agree on the numbers, if 'facts' are fictional, how can they possibly have a substantive debate on solutions? -
The basis of our political system is the right of the people to make and to alter their constitutions of government. -
Government is force, pure and simple. There's no way to sugar-coat that. And because government is force, it will attract the worst elements of society - people who want to use government to avoid having to earn their living and to avoid having to persuade others to accept their ideas voluntarily. -
You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.
More quotes by Fareed Zakaria
- Americans have so far put up with inequality because they felt they could change their status. They didn't mind others being rich, as long as they had a path to move up as well. The American Dream is all about social mobility in a sense - the idea that anyone can make it.
- The technological revolution at home makes it much easier for computers to do our work.
- America's growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesn't seem to have anything to do with America's growth rate is a brutal work schedule.
- I enjoy writing but I much prefer the experience of having written.
- Having your fiscal house in order and having a more manageable macro-economic future is going to be very useful in creating growth.