Laffer on Government Spending – Today’s Quote

Laffer on Government Spending – Today’s Quote

What I’m not saying is that all government spending is bad.  It’s not – far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy.  Father Christmas does not work on the Treasury staff this year.  You can never bail someone out of trouble without putting someone else into trouble.

Dr. Arthur B. Laffer

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