"Every dollar spent by the government must be paid for either by taxes or by more borrowing with greater debt.
The only way to make more tax cuts now is to have bigger and bigger deficits and to borrow more and more money. Either we or our children will have to bear the burden of this debt.
This is one kind of chicken that always comes home to roost. An unwise tax cutter, my fellow citizens, is no real friend of the taxpayer."
- Pres. Dwight D. Eisenhower” 1952 in his refusal to lower the top tax rate on the rich from 91%.