Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides. (Malcolm Turnbull)

Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.

Malcolm Turnbull

Related topics

appealing boom creating cutting deficit money real risk splash structural tax temptation top while cuts runs

Related quotes

I'm interested in giving business an opportunity by improving the tax environment to invest and grow with Pennsylvania, to expand and put more money in capital investment and creating jobs.

Ed Rendell

To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.

Sarah Palin

Webster and I are very aloof. The two of us go and sit there by ourselves. I sit by myself in the corner with my book and the newspaper. He kind of runs around a little bit, and then he goes and sits on top of the picnic table. He never plays with other little dogs.

Calista Flockhart

We all know the feeling of surrendering to the embedded biases of our devices. We let our cell phones ping us every time there's an incoming message and check our e-mail even when we'd best pay attention to what's going on around us in the real world. We text while driving.

Douglas Rushkoff

If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.

Franklin Raines