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| FDR's speech -- excellent advice for today! http://forum.homeschoolchristian.com/viewtopic.php?f=17&t=1367 |
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| Author: | Martha R. [ Sun Oct 21, 2012 9:40 pm ] |
| Post subject: | FDR's speech -- excellent advice for today! |
Pity he didn't stick to his own advice when he was elected. This was a campaign speech. The info is still relevant today (even more so!) http://www.garynorth.com/public/10217.cfm Excerpt: "We all know that our own family credit depends in large part on the stability of the credit of the United States. And here, at least, is one field in which all business -- big business and little business and family business and the individual's business -- is at the mercy of our big Government down at Washington, D. C. What I should like to do is to reduce, in so far as possible, the problem of our national finances to the terms of a family budget. The credit of the family depends chiefly on whether that family is living within its income. And that is equally true of the Nation. If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the people's power to pay and continues to pile up deficits, then it is on the road to bankruptcy." He then goes on to relate how the size of gov't ballooned under Hoover, and how he planned to cut the gov't immediately by 25%. Pity he changed his tune in office!! |
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