Tax Cuts

“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.” ~ John F. Kennedy (1917-1963) 35th US President Source: Dec. 14, 1962, address to the Economic Club of New York

Photo: John F. Kennedy (Wikipedia Commons, license)