Today we care about budgets more than anything. Our American future hangs on the ability of government to cut budget.
Amity ShlaesThe 1920s are the decade that signaled the arrival of a gift that still means a lot to us: Saturday.
Amity ShlaesCoolidge thought budgets were virtuous. He had his econ straight. He didn't just cut taxes, he also cut the budget.
Amity ShlaesCoolidge cut the budget, and even better, cut it during peace and prosperity. He left a federal budget lower than the one that greeted him when he arrived in office. He managed to freeze or cut the budget over more than five years in office. If you look at charts of presidents - Nixon, Ike, and Reagan - you see them failing on this score.
Amity Shlaes