John F. Kennedy Quote

"Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future."

By:	John F. Kennedy (more quotes by John F. Kennedy or books by/about John F. Kennedy)
	(1917-1963) 35th US President
Source:	Dec. 14, 1962, address to the Economic Club of New York
Categories:	Debt, Economics, Production, Taxation
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