The cold harsh reality is that we have to balance the [doomsday] budget.

In many ways, from cutting budget, reducing expenses, keeping down, for example, in every field that I know, we have tried to be on the conservative, middle-of-the-road side. But that has not apparently been publicized sufficiently.

As quickly as you start spending federal money in large amounts, it looks like free money.

From 1789 to 1913 we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been.

In 1913 for reasons unknown to mankind, they established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government.

Then in 1929 it all came to a very abrupt end with the Great Depression. And it would have never happened if they had stayed with the tariff policy.