People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.
There are three kinds of despots. There is the despot who tyrannizes over the body. There is the despot who tyrannizes over the soul. There is the despot who tyrannizes over the soul and body alike. The first is called the Prince. The second is called the Pope. The third is called the People.
It is said that every people has the Government it deserves. It is more to the point that every Government has the electorate it deserves; for the orator of the front bench can edify or debauch an ignorant electorate at will.
By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.
When people talked about protecting their privacy when I was growing up, they were talking about protecting it from the government. They talked about unreasonable searches and seizures, about keeping the government out of their bedrooms.
The subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state ....As Henry Home (Lord Kames) has written, a goal of taxation should be to 'remedy inequality of riches as much as possible, by relieving the poor and burdening the rich.'
I view the relationship with Canada as a vital relationship for the United States. The relationship, of course, is defined government-to-government. It's also defined people-to-people, and there's a lot of people in my country who respect Canada and have great relations with Canadians, and we intend to keep it that way.
How very popular to say, 'spend more on this, expend more on that.' And of course, we all have our favorite causes; I know I do. But someone has to add up the figures. Every business has to do it, every housewife has to do it, [and] every government should do it.
Only a government that is rich and safe can afford to be a democracy, for democracy is the most expensive and nefarious kind of government ever heard of on earth
What patient can trust the knowledge of a physician without reputation or furniture, in a period when publicity is all-powerful and when the government gilds the lamp posts on the Place de la Concorde in order to dazzle the poor?