"Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives"
- Karl Rove
About this Quote
This quote by Karl Rove suggests that President Obama's strategy to increase federal costs by 25 percent and almost triple the national debt over 10 years will have financial consequences. According to Rove, these consequences will consist of brand-new taxes being imposed by the new progressives. This indicates that the increased spending and financial obligation will lead to a requirement for extra revenue, which will be produced by new taxes. This might be a cause for concern for lots of Americans, as increased taxes could result in a decrease in their disposable income. Eventually, this quote suggests that President Obama's strategy could have an unfavorable financial influence on the country.
This quote is written / told by Karl Rove somewhere between December 25, 1950 and today. He/she was a famous Politician from USA.
The author also have 25 other quotes.
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passe abstractions like beauty, nobility, and greatness have a shifting but continuing validity"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
"Hand in hand with nationalist economic isolationism, militarism struggles to maintain the sovereign state against the forward march of internationalism"
"Racism is a way to gain economic advantage at the expense of others. Slavery and plantations may be gone, but racism still allows us to regard those who may keep us from financial gain as less than equals"
"As a result of the World War, this old Germany collapsed. It collapsed in its constitution, in its social order, in its economic structure. Its thinking and feeling changed"
