“The course of unbalanced budgets is the road to ruin.” - Herbert Hoover, speech to the Senate, May 31, 1932.
“The management of the public revenue—that searching operation in all governments—is among the most delicate and important trusts in ours, and it will, of course, demand no inconsiderable share of my official solicitude. Under every aspect in which it can be considered it would appear that advantage must result from the observance of a strict and faithful economy. This I shall aim at the more anxiously both because it will facilitate the extinguishment of the national debt, the unnecessary duration of which is incompatible with real independence, and because it will counteract that tendency to public and private profligacy which a profuse expenditure of money by the Government is but too apt to engender.” - Andrew Jackson, First Inaugural Address, Wednesday, March 4, 1829.