Sign Up For Our Mailing Lists


InsiderOnline Blog: December 2012

Silent Calvin Coolidge, 1924

Until we can reestablish a condition under which the earnings of the people can be kept by the people, we are bound to suffer a very severe and distinct curtailment of our liberty.

These results are not fanciful; they are not imaginary. They are grimly actual and real, reaching into every household in the land. They take from each home annually an average of over 300 dollars – and taxes must be paid. They are not a voluntary contribution to be met out of surplus earnings. They are a stern necessity. They come first.

It is only out of what is left, after they are paid, that the necessities of food, clothing, and shelter can be provided and the comforts of home secured, or the yearnings of the soul – for a broader and more abundant life gratified.

When the government affects a new economy, it grants everybody a life pension with which to raise the standard of existence. It increases the value of everybody’s property, raises the scale of everybody’s wages.

One of the greatest favors that can be bestowed upon the American people is economy in government. [Old Radio.org, February 12, 2012]

Posted on 12/14/12 01:27 PM by Alex Adrianson

Heritage FoundationInsiderOnline is a product of The Heritage Foundation.
214 Massachusetts Avenue NE | Washington DC 20002-4999
ph 202.546.4400 | fax 202.546.8328
© 1995 - 2014 The Heritage Foundation