“I am not worried about the deficit. It is big enough to take care of itself.”
- February 6, 1911 – June 5, 2004
- American
- The 40th President of the United States, Actor, Politician, Governor of California
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Quote
“I am not worried about the deficit. It is big enough to take care of itself.”
Explanation
This quote by Ronald Reagan is a tongue-in-cheek remark that combines humor with a critique of fiscal alarmism. While on the surface it appears flippant, the underlying message is a reflection of Reagan’s broader economic philosophy: that economic growth, rather than austerity, is the key to managing national debt. By saying the deficit is “big enough to take care of itself,” Reagan mocks the idea that obsessing over the deficit is productive, especially if it distracts from policies that stimulate investment, employment, and innovation.
During Reagan’s presidency, the federal deficit did indeed grow significantly, largely due to tax cuts, increased military spending, and limited reductions in domestic programs. Critics warned of long-term economic harm, while Reagan and his advisors argued that expanding the economy would ultimately generate more revenue. This quote captures the pragmatic, sometimes irreverent tone Reagan used to diffuse criticism and maintain focus on his central goal of reviving American economic strength through supply-side policies.
Today, the quote remains relevant in debates over deficit spending, national debt, and fiscal responsibility. In times of crisis—such as wars, recessions, or pandemics—governments often increase spending to stabilize the economy. Reagan’s quip reminds us that while deficits matter, they should be weighed against the broader economic context, and that sometimes growth and confidence are more powerful correctives than immediate cuts.
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