"When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans"
About this Quote
The subtext is pure populist inversion. “May benefit politicians” casts deficits as a self-serving racket, where officeholders purchase applause now and outsource the bill later. It’s a move that collapses partisan difference into a single class interest: the political class versus “average Americans.” That phrase does heavy lifting. It implies a silent majority being quietly taxed through inflation, interest payments, or future austerity, even when taxes don’t go up today.
The rhetorical strength is the clean triad: raise taxes, print money, borrow money. It’s memorable, repeatable, and designed for television hits and campaign mailers. It also smooths over key complexities: borrowing can be countercyclical stabilization in a recession; “printing money” is a loaded shorthand for monetary policy; and taxes can be structured progressively. Paul’s point isn’t to adjudicate those nuances but to put every route on the same ethical plane: coercion, debasement, or indebtedness.
Context matters: Paul rose as a post-Vietnam, post-Nixon skeptic of centralized power, later supercharged by late-20th-century inflation fears and, in the 2000s, by ballooning deficits and the politics of bailouts. The quote channels that moment’s suspicion that Washington’s solutions always arrive as someone else’s problem.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Paul, Ron. (2026, January 17). When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. FixQuotes. https://fixquotes.com/quotes/when-the-federal-government-spends-more-each-year-32610/
Chicago Style
Paul, Ron. "When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/when-the-federal-government-spends-more-each-year-32610/.
MLA Style (9th ed.)
"When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/when-the-federal-government-spends-more-each-year-32610/. Accessed 16 Feb. 2026.




