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April 10, 2026
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"The public remains strikingly misinformed about the budget. The typical respondent to a CNN poll said food stamps accounted for 10 percent of federal spending; it’s closer to 2 percent. Maybe being off by a factor of five is understandable given the enormity and complexity of the budget. But it’s harder to make sense of a 2008 Cornell University poll in which 44 percent of those who receive Social Security checks and 40 percent of those covered by Medicare say they “have not used a government social program.”"
"Until the Civil War, the U.S. government relied almost exclusively on tariffs on imported goods, a practice that provoked conflict between Northern manufacturers who favored tariffs to keep imports out and Southern farmers who did not. An income tax was imposed during the Civil War, but proved so unpopular that it died in 1872. In its place, the government imposed taxes on alcohol and tobacco that accounted for 43 percent of all federal revenue by 1900. Repeated attempts to revive the income tax were thwarted when the Supreme Court declared it unconstitutional in 1895. But the Sixteenth Amendment to the Constitution changed that. Less than eight months after it was ratified in February 1913, Congress enacted an income tax."
"In classical tragedy, this is known as the denouement. In Washington, it could be just farce."
"Bush was elected in 1988 with one memorable promise: “Read my lips, no new taxes.” Republican poster Richard Wirthlin once called them “the six most destructive words in the history of presidential politics.”"
"Panetta summed up Reaganomics in a single sentence: “A significant tax cut was enacted at the same time that defense spending went up and…entitlement programs were also expanding.”"
"Today, the idea that a president could appeal to a mixed-party center to win approval of any measure seems as quaint is a typewriter."
"The 1980s broke a pattern in which the federal government ran big deficits only in wartime. The deficit topped $200 billion a year from 1983 through 1992. They would have been even bigger if Reagan hadn’t flinched on taxes, accepting significant tax increases in 1982 and 1984."
"The Reagan presidency was styled as a turning point in American politics: the end of the New Deal and the beginning of an era in which the government would retreat from the economy. Ronald Reagan made three significant fiscal promises during his campaign for president: cut taxes, rebuild the nation’s defenses, and balance the budget. He delivered on the first two, but not on the third."
"Reagan enjoyed many victories as president. But starving the beast was not one of them. When he left office, federal spending was 20 percent higher, adjusted for inflation, than it had been when he arrived, and he never found a way to pay for it. In the twenty years before Reagan became president—under Kennedy, Johnson, Nixon, and Carter—the budget deficit averaged well under 1 percent of GDP. In Reagan’s eight years, it averaged 4.25 percent of GDP."
"The overarching lesson: Bringing the deficit down to sustainable levels takes big changes. Little ones won’t do it."
"Back in 1955, when the federal debt was much smaller, less than 5 percent was held by foreigners. Foreign holdings began to climb in 1970 and surged in the 2000s. Today, foreign governments and private investors hold nearly half of all the U.S. government debt outstanding."
"“The fiscal path we are on today is simply not sustainable. These deficits that we are incurring on an annual basis are like a cancer, and they are truly going to destroy this country from within unless we have the common sense to do something about it. “We face the most predictable economic crisis in history.”"
"Except for four unusual years at the end of the 1990s and the beginning of the 2000s, the federal government has spent more than it took in every year for the past four decades. It borrows the difference, essentially promising that taxpayers in the future will pick up the tab for government spending today."
"The federal government was smaller—4.3 percent of GDP in 1931—and narrower. About 70 percent of the spending went for three things: Defense, veterans’ benefits, and interest payments on the national debt. “The federal budget was not then, as it later became, a machine constantly generating new programs and expansions of old ones,” Herbert Stein wrote."
"Nearly all the growth in the federal budget over the next ten years [2013-2022] is going to come from spending on healthcare and interest payments unless something changes. “You can’t fix this without doing health care,” says Paul Ryan. “I mean, health care is the driver of our debt.” And, as he and others routinely observe, even though the United States spends far more per person on health care than any other country, it isn’t close to having the world’s healthiest population."
"Eliminating the federal workforce entirely would have pared the federal budget deficit in 2011 by only one-third."
"The share of income most American families pay in federal taxes has been falling for more than thirty years. Today, Americans pay less of their income in taxes than citizens of nearly every other developed country."
"“From the mid-1930s to the 1970s, the government made a set of commitments that led to expectations on the part of the American people about what their government owes them,” says Robert Reischauer, a former director of the Congressional Budget Office. “And they are totally unprepared to go back to a different world.”"
"...Even white abolitionists and other reformers were indifferent to the plight of Black workers who could not find decent jobs. That disconnect — between a rhetoric of equality and a reality of prejudice — characterized not only mid-19th century Boston, but to some extent certainly the history of the United States in general."
"I worry that the impulses driven by anti-intellectualism and anti-science play such a major part in shaping our political landscape today."
"In all, $1 of every $5 the federal government spent in 2011 went to defense, and about 20 cents of that $1 was spent on the wars in Iraq and Afghanistan."
"Adjusted for inflation, the federal government spent more on Medicare and Medicaid in 2011 than it spent on everything in 1960."
"For every dollar the United States spends on the military, it spends another nickel on foreign aid, international development aid, and humanitarian assistance. Yet in a CNN poll in March 2011, the typical respondent estimated about 10 percent of the entire federal budget goes for “aid to foreign countries for international development and humanitarian assistance.” The reality: about 1 percent. That’s another problem with budgeting: the public makes woefully wrong assumptions about virtually every aspect of it."
"Q. What do you value most about the history profession? A. It seems to me that the profession has avoided the bitter in-fighting over methodology that has wracked other disciplines over the last few decades. I think historians are welcoming of different kinds of methodologies and different topics of study. And I think we pretty much agree among ourselves that we know good history when we see it."
"I grew up in a village of 500 people in Delaware in the 1950s, and attended a segregated elementary school. At an early age I wondered why the black students who lived near my school did not attend it."
"I have seen first-hand the corrosive effects of the notion that the study of the humanities in general and history in particular is less valuable to undergraduates than the study of science, math, and engineering. In fact, an understanding of history is a critical component of citizenship—for citizens of the United States, and citizens of the world."
"I am distressed that some people believe that enforced ignorance about our country’s past is a virtue. As historians, we aim to provide an accurate view of the past, even if that includes topics that are uncomfortable or upsetting to us now. Any effort to eliminate or ignore certain aspects of history does our students a disservice. The profits wrung from the labor of enslaved peoples helped to make the United States a prosperous nation — or rather, a prosperous nation for a few."
"Q. Who are some of the most overlooked individuals or groups in U.S. history? A. People of modest means. Many of these families were resourceful and resilient. For a variety of reasons, no matter how hard they worked, they found it difficult to own their own land or homes. Their stories are inspiring, and also illuminating, as we are reminded of the vulnerability of certain groups of people, especially people of color, in accumulating assets over the generations. Discrimination in employment, housing, bank loans, education and health care are some of the factors that have affected these families. Many privileged Americans seem oblivious to these facts, and want to believe that merit alone is the deciding factor in whether or not individuals prosper. To a great extent today, we are our zip codes; in other words, where we live helps to determine access to quality public education, health care, and police and fire protection. Impoverished communities and families do not enjoy a “level playing field” in their striving for a better life."
"In a city riddled with dysfunctional institutions, the CBO has become one of the few organs of Congress that actually work. It is the arbiter of facts, a call-it-as-we-see-it outfit that is viewed as largely immune to political pressure."
"In those hours and days that followed Pearl Harbor the city of Washington was afflicted with jitters. Some people who knew the extent of the damage that the Japs had inflicted, were talking darkly of disaster. They were talking of the imminence of grave danger to our country—even of the possibility of Japanese invasion of our West Coast, or of Nazi raids on our East Coast. I didn’t know how real or how valid these fears might be. But—when I went into the presence of the president himself—I heard no talk of "disaster," no jitters. I knew that I was back in America. The president loved those ships that were hit at Pearl Harbor. When they were hit, it was as if the Japs had hit his own family. But he knew—he knew with all the confidence of a loyal American—he knew that no Japs and no Nazis—nor all the Japs and all the Nazis put together—could ever deliver a knockout blow against this country. He knew—better, perhaps, than any man who ever lived—he knew what Americans are and what Americans can do. And in those hours and days, after Pearl Harbor, the president would sit back and lean back in his chair, in his oval study up there on the second floor of the White House, and he stated very clearly and very simply what he thought our military strategy in this war ought to be. He completely rejected a defensive policy. He rejected the policy of withdrawing our Navy into our home waters, and of deploying our growing, magnificent Army in foxholes and trenches along our coasts. What he said, immediately after Pearl Harbor, was this: "We must go out there, where our enemies are, and fight them on their own home grounds. We must go out and find them, and hit them—and hit them again." And that has been the summary of our whole policy in fighting this war."
"At last he found Rebecca, smiling, holding Cara-Ann in her arms. She was dancing. They were too far away for Alex to reach them, and the distance felt irrevocable, a chasm that would keep him from ever again touching the delicate silk of Rebecca's eyelids, or feeling, through his daughter's ribs, the scramble of her heartbeat. Without the zoom, he couldn't even see them. In desperation, he T'd Rebecca, pls wAt 4me, my bUtiful wyf, then kept his zoom trained on her face until he saw her register the vibration, pause in her dancing, and reach for it."
"As you fail, knowing you're not supposed to panic—panicking will drain your strength—your mind pulls away as it does so easily…You slip through Sasha's open window, floating over the sill lined with artifacts from her travels: a white seashell, a small gold pagoda, a pair of red dice. Her harp in one corner with its small wood stool. She’s asleep in her narrow bed, her burned red hair dark against the sheets. You kneel beside her, breathing the familiar smell of Sasha's sleep, whispering into her ear some mix of I'm sorry and I believe in you and I'll always be near you, protecting you, and I will never leave you, I'll be curled around your heart for the rest of your life, until the water pressing my shoulders and chest crushes me awake and I hear Sasha screaming into my face: Fight! Fight! Fight!"
"For months she'd done business with Lars, arriving sometimes without having managed to take anything, just needing money. "I thought he was my boyfriend," she said. "But I think I wasn't thinking anymore." She was better now, hadn't stolen anything in two years. "That wasn't me, in Naples," she told you, looking out at the crowded bar. "I don't know who it was. I feel sorry for her.""
"Mom makes sculptures in the desert out of trash and our old toys. Eventually her sculptures fall apart, which is “part of the process.”"
"Every night, my mother ticks off another day I've been clean. It's more than a year, my longest yet. "Jocelyn, You've got so much life in front of you," she says. And when I believe her, for a minute, there's a lifting over my eyes. Like walking out of a dark room."
"The shame memories began early that day for Bennie, during the morning meeting, while he listened to one of his senior executives make a case for pulling the plug on Stop/Go, a sister band Bennie had signed to a three-record deal a couple of years back""
"[Coz] was trying to get Sasha to use that word, which was harder to avoid in the case of a wallet than with a lot of the things she'd lifted over the past year, when her condition (as Coz referred to it) had begun to accelerate: five sets of keys, fourteen pairs of sunglasses, a child's striped scarf…Sasha no longer took anything from stores—their cold, inert goods didn't tempt her. Only from people."
"Bennie's assistant, Sasha, brought him coffee: cream and two sugars. He shimmied a tiny red enameled box from his pocket, popped the tricky latch, pinched a few gold flakes between his trembling fingers, and released them into his cup. He'd begun this regimen two months ago, after reading in a book on Aztec medicine that gold and coffee together were believed to ensure sexual potency. Bennie's goal was more basic than potency: sex drive, his own having mysteriously expired."
"I looked down at the city. Its extravagance felt wasteful, like gushing oil or some other precious thing Bennie was hoarding for himself, using it up so no one else could get any. I thought: If I had a view like this to look down on every day, I would have the energy and inspiration to conquer the world. The trouble is, when you most need such a view, no one gives it to you."
"She and Coz were collaborators, writing a story whose end had already been determined: she would get well”"
"I can't tell if [Alice’s] actually real, or if she's stopped caring if she's real or not. Or is not caring what makes a person real."
""Women are cunts," his father says. "That's why.” "They are not—" He can't make himself repeat the word. "They are," Lou says tightly. "Pretty soon you'll know it for sure." Rolph turns away from his father. There is nowhere to go, so he jumps into the sea and begins slowly paddling back toward shore. The sun is low, the water choppy and full of shadows. Rolph imagines sharks just under his feet, but he doesn't turn or look back."
"We live in a city where people will steal the hair off your head if you give them half a chance, but you leave your stuff lying in plain sight and expect it to be waiting for you when you come back?"
"It jarred Sasha to think of herself as a glint in the hazy memories that Alex would struggle to organize a year or two from now: Where was that place with the bathtub? Who was that girl?”"
"Stephanie and Bennie had lived in Crandale a year before they were invited to a party. It wasn't a place that warmed easily to strangers…It wore on Stephanie more than she'd expected, dropping off Chris for kindergarten, waving or smiling at some blond mother releasing blond progeny from her SUV or Hummer, and getting back a pinched, quizzical smile whose translation seemed to be: Who are you again? How could they not know, after months of daily mutual sightings? They were snobs or idiots or both, Stephanie told herself, yet she was inexplicably crushed by their coldness."
"All her excitement had seeped away, leaving behind a terrible sadness, an emptiness that felt violent, as if she'd been gouged""
"Entering Lulu's bedroom, Dolly felt like Dorothy waking up in Oz: everything was in color. A pink shade encircled the overhead lamp. Pink gauzy fabric hung from the ceiling. Pink winged princesses were stenciled onto the walls: Dolly had learned how to make the stencils in a jailhouse art class and had spent days decorating the room while Lulu was at school. Long strings of pink beads hung from the ceiling. When she was home, Lulu emerged from her room only to eat."
"A book which had a particular influence on me was the American Herbert Agar's A Time for Greatness, which appeared in 1944. This was a strangely powerful analysis of how the West's moral failure allowed the rise of Hitler and the war which had followed. It urged a return to Western liberal democratic values and – though I liked this less – a fair amount of left-wing social engineering. For me the important message of Agar's book was that the fight against Hitler had a significance for civilization and human destiny which exceeded the clash of national interests or spheres of influence or access to resources or any of the other – doubtless important – stuff of power politics."
"Written with great penetration and of special interest to our time."
"A good book with a special interest for English readers... I hope it will have the widest possible circulation."