Quote by Ronald Reagan
“if there was any loose money lying around, the people in government would find a way to spend it. The worst sin in the bureaucracy was to give money back because it meant the bureaucracy’s budget could be reduced the following year. If at the end of the fiscal year they hadn’t spent all the money in their budget, there would be a rush to buy new office furniture, take a trip at the taxpayers’ expense, or spend the money on something else, just to assure their budget wouldn’t be smaller in the future. The idea of returning money to taxpayers once it had been collected from them had never come up before.”
― Ronald Reagan ,
from An American Life
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Ronald Wilson Reagan was the 40th President of the United States (1981–1989) and the 33rd Governor of California (1967–1975). Born in Tampico, Illinois, Reagan moved to Los Angeles, California in the 1930s. He began a career in filmmaking and later television, making 52 films and gaining enough success to become a household name.
As president, Reagan implemented sweeping new political and economic initiatives. His supply-side economic policies, dubbed "Reaganomics," advocated reduced business regulation, controlling inflation, reducing growth in government spending, and spurring economic growth through tax cuts.
Reagan left office in 1989. In 1994, the former president disclosed that he had been diagnosed with Alzheimer's disease earlier in the year; he died ten years later at the age of 93. He ranks highly among former U.S. presidents in terms of approval rating.