If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that.
Margaret ThatcherThe European single currency is bound to fail, economically, politically and indeed socially, though the timing, occasion and full consequences are all necessarily still unclear.
Margaret ThatcherI had the patriotic conviction that, given great leadership of the sort I heard from Winston Churchill in the radio broadcasts to which we listened, there was almost nothing that the British people could not do.
Margaret Thatcher