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"The nominal budget is a poor indicator of the impact of government outlays and revenues."
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"I never knew a government yet that wanted to do anything."

"Every form of government tends to perish by excess of its basic principle."

"An ideal form of government is democracy tempered with assassination."

"Government is a contrivance of human wisdom to provide for human wants. People have the right to expect that these wants will be provided for by this wisdom."

"I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office."

"The United States Constitution has proved itself the most marvelously elastic compilation of rules of government ever written."

"No more distressing moment can ever face a British government than that which requires it to come to a hard, fast and specific decision."

"I don't mind what Congress does, as long as they don't do it in the streets and frighten the horses."

"A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it."

"But people that are worried about unborn babies are the same ones that vote against kindergarten programs in Indiana or school lunch funds out of the federal government."
Explore more quotes by William Vickrey

"The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt."

"Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed."

"There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government."

"If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain."

"I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent."

"Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation."
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