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Updated: May 27, 2025
Ultimately upon Congress rests responsibility for determining the scope and amount of Federal spending. By working together, the Congress and the Executive can keep a balance between income and outgo. If this is done there is real hope that we can look forward to a time in the foreseeable future when needed tax reforms can be accomplished.
Lay your Poor Richard on the shelf, and put a weight on him. Stimulate the outgo, and the income'll take care of itself. A thousand spent is five figures to the good. No, while we've as many boom-irons in the fire as we're heating now, to be modest is to be lost." "Perhaps," said I, "you may be right, and no doubt are. We'll talk it over again some time.
It is necessary, for a business concern to achieve a favorable balance in terms of price; and the larger the balance in terms of price the more successful the enterprise. Such a balance can not be achieved except by due regard to the conditions of the market, to the effect that dealings must not go on beyond what will yield a favorable balance in terms of price between income and outgo.
It had lost power to regulate the two items which represent the existence of a business its income and its outgo. The Interstate Commerce Commission was now fixing railroad rates, and Congress was fixing the amounts of railroad wages. It remained for the Great War to precipitate the only logical outcome of this situation government control.
Wherever there is an outgo, there must be an equal income, or exhaustion will be the inevitable consequence. The principle which these familiar facts so forcibly illustrate is a very important one, in its connection with human life. We cannot get any more out of human life than we put into it. All civilization is an illustration of what can be accomplished by feeding the human mind.
They contained in general, I am satisfied, as good chances for profitable return as most occupations, and with time, and a market not overstocked, would finally have paid well. Once only were we caught with the ignis fatuus of genius, a washing machine patented, of course that came to an untimely end with a few gasps. The greenhouse business was an outgo from first to last.
"The last I heard of him he was in San Francisco, lying dangerously ill," answered John coldly. "Oh, John!" "Mary, you must hope nothing from that man. Don't waste your sympathies on him, either; he'll never repay you the outgo." "Tell me just one thing, John: Was Charles ever false to me? Tell me the truth." "I think he kept good faith with you. It is not that I complain of in his conduct.
Certainly no business can stand outgo that exceeds its income. When you pump water out of a well at a faster rate than the water flows in, the well goes dry. And when the well runs dry, those who depend on it go thirsty. And if, perchance, they imagine they can pump one well dry and then jump to some other well, it is only a matter of time when all the wells will be dry.
Always as he strode along, something he could not outgo was at his side, gaunt, wounded, soiled, whispering: "Turn back; turn back, and settle with me," and ever put off with promises after that fashion as old as the world to do no end of good things if only the one right thing might be left undone.
Our reason is often at a stand, because it perceives not those ideas, which could serve to show the certain or probable agreement or disagreement of any other two ideas: and in this some men's faculties far outgo others.
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