"Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine. It may make you feel like you're flying high at first, but it won't take long before you feel the impact"
- Barack Obama
About this Quote
In this quote, Barack Obama utilizes an example to convey the potential negative consequences of minimizing financial investment in crucial locations such as development and education as a way to cut the deficit spending. The deficit describes the shortage when a federal government's expenses exceed its profits. Obama's comparison uses a plane and its engine to signify the essential function that development and education play in sustaining economic and social development.
The quote suggests that curtailing investments in these areas may provide a momentary sense of relief or progress, similar to how discarding some weight from an overloaded aircraft may initially seem to improve the scenario. In the analogy, the "engine" represents the driving force or core element that keeps the plane-- or in a broader sense, the nation-- advancing and lifting off the ground. By "getting rid of the engine," which in this context is cutting financing for development and education, the preliminary sensation might be favorable due to instant cost savings. Nevertheless, this method is inherently flawed since it ignores the longer-term repercussions.
Innovation and education are likened to the engine since they are essential to financial development and development. Innovation drives technological advancements, increases performance, and can produce new markets and chances. Education empowers individuals with the understanding and skills essential to grow in a competitive and ever-evolving international economy.
Obama's message is a cautionary tale versus short-sighted fiscal policies that focus on instant deficit decrease at the cost of tactical long-lasting financial investments. He suggests that such actions might lead to detrimental results, limiting a country's capability to compete and flourish in the future. Just like an engine-less plane, a nation that underfunds its pillars of growth and advancement might find itself unable to sustain development, eventually dealing with considerable problems in spite of the preliminary obvious gains attained through deficit cutting.
This quote is written / told by Barack Obama somewhere between August 4, 1961 and today. He was a famous President from USA.
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