This year we are faced with a deficit that's about $15 or $20 billion higher than it would have been because we're trying to give a tax break, tax re… - Jimmy Carter

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This year we are faced with a deficit that's about $15 or $20 billion higher than it would have been because we're trying to give a tax break, tax reduction, to the American people. In every instance, you have to make a judgment on that. One of the reasons that we are giving the tax reduction is because the taxes are too high; another one is that it would result in a stimulated economy, a million more people at work and paying taxes rather than on the Federal dole. And so you have to make a judgment. We have expectations, with some fairly accurate projections, that the budget deficit next year, fiscal year 1980, will be considerably below 1979. And if the economy continues to progress, then I have good hopes that in 1981 we will reach my goal. Obviously, I don't have complete control over the economy. But I've not given up in trying to carry out the principles that Adam Smith espoused in your quote.

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About Jimmy Carter

James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.

Biography information from Wikiquote

Also Known As

Birth Name: James Earl Carter Jr.
Alternative Names: James E. Carter James Carter James Earl Carter 39th President of the United States James E. Carter Jr. James Earl Carter, Jr. James E. Carter, Jr.
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Additional quotes by Jimmy Carter

It is now 8 weeks since I became President. I have brought to office a firm commitment to a more open foreign policy. And I believe that the American people expect me to speak frankly about the policies that we intend to pursue, and it is in that spirit that I speak to you tonight about our own hopes for the future. I see a hopeful world, a world dominated by increasing demands for basic freedoms, for fundamental rights, for higher standards of human existence. We are eager to take part in the shaping of that world. But in seeking such a better world, we are not blind to the reality of disagreement, nor to the persisting dangers that confront us all. Every headline reminds us of bitter divisions, of national hostilities, of territorial conflicts, of ideological competition. In the Middle East, peace is a quarter of a century overdue. A gathering racial conflict threatens southern Africa; new tensions are rising in the Horn of Africa. Disputes in the eastern Mediterranean remain to be resolved. Perhaps even more ominous is the staggering arms race. The Soviet Union and the United States have accumulated thousands of nuclear weapons. Our two nations now have five times more missile warheads today than we had just 8 years ago. But we are not five times more secure. On the contrary, the arms race has only increased the risk of conflict.

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