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This Author: John F. Kennedy
This Publisher: American Rhetoric

Address to the Economic Club of New York by John F. Kennedy

Address to the Economic Club of New York

by John F. Kennedy

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"I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy, or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve, I believe — and I believe this can be done — a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future."

-John F. Kennedy

Delivered on December 14, 1962.


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