In general, presidents and congressmen have very limited power to do good for the economy and awesome power to do bad. The best good thing that politicians can do for the economy is to stop doing bad. In part, this can be achieved through reducing taxes and economic regulation, and staying out of our lives.
Walter E. WilliamsThree-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were a private person to do the same thing, we'd call it theft. When government does it, we euphemistically call it income redistribution, but that's exactly what thieves do - redistribute income. Income redistribution not only betrays the founders' vision, it's a sin in the eyes of God.
Walter E. WilliamsThe only way Congress can get one dollar to spend is to take that one dollar from Americans, borrow that one dollar from Americans, or inflate that one dollar from Americans. So, it's very much like the visual image of a swimming pool. A person notes there is a shallow end, so he takes the water out of the deep end and pours it in the shallow end, hoping to raise the height of the water in the pool - and you would call that person stupid.
Walter E. WilliamsPhilosopher Bertrand Russell suggested that 'Men are born ignorant, not stupid. They are made stupid by education.' And, it was Albert Einstein who explained, 'Insanity: doing the same thing over and over again and expecting different results.' So which is it - stupidity, ignorance or insanity - that explains the behavior of my fellow Americans who call for greater government involvement in our lives?
Walter E. WilliamsDiversity worship and multiculturalism are currency and cause for celebration at just about any college. If one is black, brown, yellow or white, the prevailing thought is that he should take pride and celebrate that fact even though, just as in the case of my eye color, he had nothing to do with it. The multiculturist and diversity crowd see race as an achievement. In my book, race might be an achievement, worthy of considerable celebration, only if a person was born white and through his effort and diligence became black.
Walter E. Williams