Quotations about:
spending
Note not all quotations have been tagged, so Search may find additional quotes on this topic.
Why is austerity in a depressed economy a bad idea? Because an economy is not like a household, whose income and spending are separate things. In the economy as a whole, my spending is your income and your spending is my income. What happens if everyone tries to cut spending at the same time, as was the case in the aftermath of the financial crisis? Everyone’s income falls.
Paul Krugman (b. 1953) American economist, author
“The Legacy of Destructive Austerity,” New York Times (20 Dec 2019)
(Source)
The art of living easily as to money, is to pitch your scale of living one degree below your means.
Henry Taylor (1800-1886) English dramatist, poet, bureaucrat, man of letters
Notes from Life, “Of Money” (1853)
(Source)
She ate her trifle, reflecting that grinding poverty, though loathsome while one is in it, has the advantage of making one enjoy money in a way denied to the rich-from-birth.
We need an adequate defense, but every arms dollar we spend above adequacy has a long-term weakening effect upon the nation and its security.
Dwight David Eisenhower (1890-1969) American general, US President (1953-61)
White House Years: Waging Peace, 1956-1961 (1965)
I am not sure what it means when one says that he is a conservative in fiscal affairs and a liberal in human affairs. I assume what it means is that you will strongly recommend the building of a great many schools to accommodate the needs of our children, but not provide the money.
Adlai Stevenson (1900-1965) American diplomat, statesman
News conference (Fall 1955)
Do you remember the ’60s and ’70s? You didn’t have to go more than a week before there was an article in Life magazine — “The Home of Tomorrow,” “The City of Tomorrow,” “Transportation of Tomorrow.” All that ended. In the 1970s, after we stopped going to the Moon, it all ended. We stopped dreaming. And so I worry that decisions that Congress makes doesn’t factor in the consequences of those decisions on tomorrow. Tomorrow’s gone. They’re playing for the quarterly report, they’re playing for the next election cycle, and that is mortgaging the actual future of this nation, and the rest of the world is going to pass us by.
Neil deGrasse Tyson (b. 1958) American astrophysicist, author, orator
Real Time with Bill Maher, Ep. 223 (5 Aug 2011)
(Source)
PASTORE: Is there anything connected in the hopes of this accelerator that in any way involves the security of this country?
WILSON: No sir; I do not believe so.
PASTORE: Nothing at all?
WILSON: Nothing at all.
PASTORE: It has no value in that respect?
WILSON: It only has to do with the respect with which we regard one another, the dignity of men, our love of culture. It has to do with those things. It has nothing to do with the military, I am sorry.
PASTORE: Don’t be sorry for it.
WILSON: I am not, but I cannot in honesty say it has any such application.
PASTORE: Is there anything here that projects us in a position of being competitive with the Russians, with regard to this race?
WILSON: Only from a long-range point of view, of a developing technology. Otherwise, it has to do with: Are we good painters, good sculptors, great poets? I mean all the things that we really venerate and honor in our country and are patriotic about. In that sense, this new knowledge has all to do with honor and country but it has nothing to do directly with defending our country, except to make it worth defending.
Robert R. Wilson (1914-2000) American physicist
Testimony, Joint Committee on Atomic Energy (17 Apr 1969)
Dialog between Senator John Pastore (D-RI) and Wilson regarding the funding for FY 1970 of Fermilab's first particle accelerator. Pastore was actually a proponent of Fermilab, but was seeking arguments to use with some of his colleagues.
The exchange is frequently portrayed as more hostile, and Wilson's answer is often paraphrased / elided as: "It has only to do with the respect with which we regard one another, the dignity of men, our love of culture. It has to do with are we good painters, good sculptors, great poets? I mean all the things we really venerate in our country and are patriotic about. It has nothing to do directly with defending our country except to make it worth defending."
See here for more background.
The excellence of a gift lies in its appropriateness rather than in its value.
Charles Dudley Warner (1829–1900) American essayist and novelist
Backlog Studies, Eleventh Study (1872)
(Source)
A miser grows rich by seeming poor; an extravagant man grows poor by seeming rich.
William Shenstone (1714-1763) English poet
“Of Men and Manners,” sec. 86, Men and Manners (1804)
(Source)
Thousands upon thousands are yearly brought into a state of real poverty by their great anxiety not to be thought poor.
William Cobbett (1763-1835) English politician, agriculturist, journalist, pamphleteer
Advice to Young Men and (Incidentally) to Young Women, Letter 2, #58 (1829)
(Source)
A nation that continues year after year to spend more on military defense than on programs of social uplift is approaching spiritual doom.
Martin Luther King, Jr. (1929-1968) American clergyman, civil rights leader, social activist, preacher
“Beyond Vietnam,” speech, Clergy and Laity Concerned, Riverside Church, New York City (4 Apr 1967)
(Source)
Reprinted (or the phrase repeated) in Where Do We Go from Here: Chaos or Community? (1967) and The Trumpet of Conscience (1968). See also this.
National budgets are a nation’s theology walking.
Joan D. Chittister (b. 1936) American Benedictine nun, author and lecturer
“From Where I Stand,” column, National Catholic Reporter (17 Feb 2005)
(Source)
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.
The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway. We pay for a single fighter with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people.
This, I repeat, is the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.
Dwight David Eisenhower (1890-1969) American general, US President (1953-61)
“The Chance for Peace,” address to American Society of Newspaper Editors, Washington (16 April 1953)
Also known as the "Cross of Iron" speech.
So also anybody can become angry — that is easy, and so it is to give and spend money; but to be angry with or give money to the right person, and to the right amount, and at the right time, and for the right purpose, and in the right way — this is not within everybody’s power and is not easy; so that to do these things properly is rare, praiseworthy, and noble.
[οὕτω δὲ καὶ τὸ μὲν ὀργισθῆναι παντὸς καὶ ῥᾴδιον, καὶ τὸ δοῦναι ἀργύριον καὶ δαπανῆσαι: τὸ δ᾽ ᾧ καὶ ὅσον καὶ ὅτε καὶ οὗ ἕνεκα καὶ ὥς, οὐκέτι παντὸς οὐδὲ ῥᾴδιον: διόπερ τὸ εὖ καὶ σπάνιον καὶ ἐπαινετὸν καὶ καλόν.]
Aristotle (384-322 BC) Greek philosopher
Nicomachean Ethics [Ἠθικὰ Νικομάχεια], Book 2, ch. 9 (2.9, 1109a.27) (c. 325 BC) [tr. Rackham (1934)]
(Source)
(Source (Greek)). Alternate translations:
Just so to be angry, to give money, and be expensive, is what any man can do, and easy: but to do these to the right person, in due proportion, at the right time, with a right object, and in the right manner, this is not as before what any man can do, nor is it easy; and for this cause goodness is rare, and praiseworthy, and noble.
[tr. Chase (1847)]
And so, too, to get angry is an easy matter, and in any man's power; or to give away money or to spend it: but to decide to whom to give it, and how large a sum, and when, and for what purpose, and how, is neither in every many's power, nor an easy matter. And hence it is that excellence herein is rare and praiseworthy and noble.
[tr. Williams (1869), sec. 37]
So too anybody can get angry -- that is an easy matter -- and anybody can give or spend money, but to give it to the right persons, to give the right amount of it and to give it at the right time and for the right cause and in the right way, this is not what anybody can do, nor is it easy. That is the reason why it is rare and laudable and noble to do well.
[tr. Welldon (1892)]
Thus anyone can be angry -- that is quite easy; anyone can give money away or spend it: but to do these things to the right person, to the right extent, at the right time, with the right object, and in the right manner, is not what everybody can do, and is by no means easy; and that is the reason why right doing is rare and praiseworthy and noble.
[tr. Peters (1893)]
So, too, anyone can get angry -- that is easy -- or give or spend money; but to do this to the right person, to the right extent, at the right time, with the right motive, and in the right way, that is not for everyone, nor is it easy; wherefore goodness is both rare and laudable and noble.
[tr. Ross (1908)]
In the same way, getting angry is also something everyone can do and something easy, as is giving or spending money. Determining whom to give it to, though, and how much, when, for the sake of what, and in what way -- that is no longer something everyone can do or something easy. That is why doing it well is a rare thing and a praiseworthy and noble one.
[tr. Reeve (1948)]
So, too, anyone can get angry or give money or spend it, and it is easy. But to give to the right person, the right amount, at the right time, for the right purpose, and in the right manner, this is not something anyone can do nor is it easy to do; and it is in view of this that excellence is rare and praiseworthy and noble.
[tr. Apostle (1975)]
So too it is easy to get angry -- anyone can do that -- or to give and spend money; but to feel or act towards the right person to the right extent at the right time for the right reason in the right way -- that is not easy, and it is not everyone that can do it. Hence to do these things well is a rare, laudable, and fine achievement.
[tr. Thomson/Tredennick (1976)]
So too anyone can get angry, or give and spend money -- these are easy, but doing them in relation to the right person, in the right amount, at the right time, with the right aim in view, and in the right way -- that is not something anyone can do, nor is it easy. This is why excellence in these things is rare, praiseworthy, and noble.
[tr. Crisp (2000)]
And so too, to become angry belongs to everyone and is an easy thing, as is also giving and spending money; but to whom [one ought to do so], how much, when for the sake fo what, and how -- these no longer belong to everyone nor are easy. Thus in fact acting well is rare, praiseworthy, and noble.
[tr. Bartlett/Collins (2011)]
Note that some translations paraphrase this only to speak of anger, e.g., Edith M. Leonard, et al., The Child: At Home and School (1944):
Anybody can become angry, that is easy; but to be angry with the right person, and to the right degree, and at the right time, for the right purpose, and in the right way, that is not within everybody's power and is not easy.
A billion here, a billion there, and pretty soon you’re talking real money.
Everett Dirksen (1896-1969) American politician
(Attributed)
Frequently attributed to Dirksen, but not found in his writings or speeches. An anonymous reference is made in "Topics of the Times," New York Times (10 Jan 1938): "Well, now, about this new budget. It's a billion here and a billion there, and by and by it begins to mount up into money."
