Armaments and wars, usually financed by budget deficits, are also a source of this kind of profits.
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Chapter 3, The Determinants of Profits, p. 52Michal Kalecki
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The expenses of the royal household, wars, and lavish public building were financed by tolls and the profits of the king's foreign trade monopoly, by conscription of labour and heavy taxation. The results were impoverishment of the masses, alienation of land, and the development of a proletariat.
Eric Roll
It is the export surplus and the budget deficit which enable the capitalists to make profits over and above their own purchases of goods and services.
The connection between 'external' profits and imperialism is obvious.Michal Kalecki
To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.
Ben Bernanke
The Government has now resolved to enter upon an arms race, and the people will have to pay for their mistake in believing that it could be trusted to carry out a policy of peace. ... This is a War Budget. We can look in the future for no advance in Social Legislation. All available resources are to be devoted to armaments.
Clement Attlee
I was embarrassed when a businessman friend asked, 'What's the yearly budget of your talk show? What's the per-episode budget?' And I looked at him with these blank, typical-model eyes and said, 'I don't know.' I call myself a businesswoman and I don't know that? So that is my goal next year--to really dissect the budget.
Tyra Banks
Kalecki, Michal
Kalidasa
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