Richard Lamm: Kids Christmas, Adults Pay For It

Posted by admin on Thursday, December 9, 2010

Richard Lamm Money Quotation saying children sometimes get things at Christmas they don’t pay for, but can end up paying the government for everything in the future anyway. Richard Lamm said:
 

 

“Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it” — Richard Lamm

 

 

The Christmas money quote is about how government deficits are similar to how children ask Santa for gifts at Christmas but don’t pay for them, while adults will tell the government what they want but it will be their children who ultimately have to pay for it through taxes or other means.

The quote is criticizing how government spending can burden future generations with debt. It was said by Richard Lamm, a former governor of Colorado.