Margaret Thatcher Quote

“Look, I think you're tackling public expenditure from the wrong end, if I might say so. Why don't you look at it as any housewife has to look at it? She has to look at her expenditure every week or every month, according to what she can afford to spend, and if she overspends one week or month, she's got to economise the next. Now governments really ought to look at it from the viewpoint of "What can we afford to spend?" They've already put up taxes, and yet the taxes they collect are not enough for the tremendous amount they're spending. They're having to borrow to a greater extent than ever before, and future generations will have to repay. Now, if anyone tells me that a Chancellor of the [Denis Healey] Exchequer can put up public expenditure in two years by -- and it's a tremendous figure -- twenty thousand million pounds, and he doesn't know where to get it down by about three thousand million pounds, then he ought never to have been in charge of the nation's finances ... never!”

~ Margaret Thatcher

1976 Feb 5, TV Interview for Thames TV 'This Week'
http://www.margaretthatcher.org/speeches/displaydocument.asp?docid=102953

Ratings and Comments


Patrick Henry, Red Hill

We hold this truth to be self evident.

A rooted in common sense/decency concept too fundamental to be understood and honored by the ruck of our decoupled from reality, purchased, politicians.

Mick, Manchester

And at the same time as cutting back public services, destroying 'real' jobs and privatising utilities she was creating economic circumstances through progressive deregulation that encouraged massive individual household debt and the creation of the 'smoke and mirrors' monetarist economy. The hypocricy in this quote is staggering.

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