If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that.
The West as a whole in the early 1990s become obsessed with a 'peace dividend' that would be spent over and over again on any number of soft-hearted and sometimes soft-headed causes. Politicians forget that the only real peace dividend is peace.
I do not believe it is in the character of the British people to begrudge the lion's share to those who have genuinely played the lion's part. They are ready to recognise that those who create the wealth - and I mean not only material but intellectual wealth - enrich the whole nation.
I am an undiluted admirer of American values and the American dream and I believe they will continue to inspire not just the people of the United States but millions across the face of the globe.
We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.
No theory of government was ever given a fairer test or a more prolonged experiment in a democratic country than democratic socialism received in Britain. Yet it was a miserable failure in every respect... To cure the British disease with socialism was like trying to cure leukemia with leeches.
I was brought up by a Victorian Grandmother. We were taught to work jolly hard. We were taught to prove yourself; we were taught self reliance; we were taught to live within our income. You were taught that cleanliness is next to Godliness. You were taught self respect. You were taught always to give a hand to your neighbour. You were taught tremendous pride in your country. All of these things are Victorian values. They are also perennial values. You don't hear so much about these things these days, but they were good values and they led to tremendous improvements in the standard of living.
Is there conscience in the Kremlin? Do they ever ask themselves what is the purpose of life? What is it all for?... No. Their creed is barren of conscience, immune to the promptings of good and evil.