Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay – that ‘someone else’ is you. There is no such thing as public money; there is only taxpayers’ money.
British stateswoman and prime minister (1925–2013)
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
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Mr. Chairman, you have invited me to speak on the subject of Britain and Europe. Perhaps I should congratulate you on your courage. If you believe some of the things said and written about my views on Europe, it must seem rather like inviting Genghis Khan to speak on the virtues of peaceful coexistence! ...The European Community is one manifestation of that European identity, but it is not the only one. We must never forget that east of the Iron Curtain, peoples who once enjoyed a full share of European culture, freedom and identity have been cut off from their roots. We shall always look on Warsaw, Prague and Budapest as great European cities...To try to suppress nationhood and concentrate power at the centre of a European conglomerate would be highly damaging and would jeopardise the objectives we seek to achieve. Europe will be stronger precisely because it has France as France, Spain as Spain, Britain as Britain, each with its own customs, traditions and identity. It would be folly to try to fit them into some sort of identikit European personality...it is ironic that just when those countries such as the Soviet Union, which have tried to run everything from the centre, are learning that success depends on dispersing power and decisions away from the centre, there are some in the Community who seem to want to move in the opposite direction. We have not successfully rolled back the frontiers of the state in Britain, only to see them re-imposed at a European level with a European super-state exercising a new dominance from Brussels.
Socialists then shift the ground for taking industries into “public ownership”. They then tell us that some industries cannot survive any longer unless they are taken into public ownership, allegedly to protect the public from the effects of their collapse. It all sounds so cosy, and so democratic. But is it true? No, of course it isn't. The moment ownership passes into the name of the public is the moment the public ceases to have any ownership or accountability, and often the moment when it ceases to get what it wants. But it is invariably the moment when the public starts to pay. Pays to take the industry over. Pays the losses by higher taxes. Pays for inefficiencies in higher prices.
The right hon. Gentleman is afraid of an election is he? Oh, if I were going to cut and run I'd have gone after the Falklands. Afraid? Frightened? Frit? Couldn't take it? Couldn't stand it? Right now inflation is lower than it has been for thirteen years, a record the right hon. Gentleman couldn't begin to touch!
I place a profound belief—indeed a fervent faith—in the virtues of self reliance and personal independence. On these is founded the whole case for the free society, for the assertion that human progress is best achieved by offering the freest possible scope for the development of individual talents, qualified only by a respect for the qualities and the freedom of others...For many years there has been a subtle erosion of the essential virtues of the free society. Self-reliance has been sneered at as if it were an absurd suburban pretention. Thrift has been denigrated as if it were greed. The desire of parents to choose and to struggle for what they themselves regarded as the best possible education for their children has been scorned.
I had great regard for the Victorians for many reasons. ... I never felt uneasy about praising 'Victorian values' or – the phrase I originally used – ‘Victorian virtues’ ... [T]hey distinguished between the 'deserving' and the 'undeserving poor'. Both groups should be given help; but it must be help of very different kinds if public spending is not just going to reinforce the dependency culture. The problem with our welfare state was that...we had failed to remember that distinction and so we provided the same 'help' to those who had genuinely fallen into difficulties and needed some support till they could get out of them, as to those who had simply lost the will or habit of work and self-improvement. The purpose of help must not be to allow people to live a half-life, but to restore their self-discipline and through that their self-esteem.
Member for Islwyn was going to have a single currency willy-nilly. He has already made up his mind. The argument that he uses is that, if others have it, we must. That is an argument for a flock of sheep, not for people who are sent here to analyse the problem and to use our minds and our reason to say which course we should follow.
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May I make one point absolutely clear; the time we went there was a hunger strike on in the Maze, no-one has asked me, no-one in official authority or in high places has ever asked me to give political status to people who've been convicted of terrible crimes like murder, wounding, maming, causing explosions. That used to be asked. I think one of the reasons why we're not asked now is because we have got over our viewpoint and because everyone knows that this government will not budge on things which it regards as vital. There is no such thing as political murder. There is murder. There is no such things as causing explosions for political purposes and risking the lives of innocent men women and children. It is causing explosion, it is a crime, and they know that neither I, nor any member of my government will be moved on this. And we won through on that. And everyone knows it.