Deficit Quotations | Page 2

With the year-on-year deficit in gasoline and with economic growth it is hard to be bearish about energy in the short or medium term. The manufacturing and retail numbers, the regional and national numbers, wherever you look they are positive. The same goes for overseas.

Platinum should continue to find support ahead of $940/oz with the metals supply deficit and strong industrial demand continuing to provide strong support while palladium is currently finding support at $240/oz with strong chart support pegged at $220/oz.

Reducing the budget deficit more quickly would certainly be a positive factor in the rating sense,

Regardless of what the president may say on Tuesday night, the Republican budget is an alarming story. It includes policies that increase the deficit by nearly $300 billion, heaping mountains of debt on our children.

Record or near-record trade deficits spark howls of concern about the threat posed to the economic expansion, but like inflation, the trade deficit's bark has been far worse than its bite. April's deficit, another near record, simply shows that we are still importing like there is no tomorrow.

President Bush's pledge to halve the budget deficit by 2009 distracts policymakers from the real issue of unsustainable trends in long-term entitlement spending. The president's proposal to slow Medicare's 9% annual growth rate is a good fiscal step, but the budget does not propose enough immediate and bold reforms to the quickly growing entitlement programs that threaten to overwhelm the budget.

The deficit will widen further unless we adjust the price.

The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.

The deficits that result from this are really an investment in our future, ... They are appropriate for the time we find ourselves in, as we wage a war on terrorism and increase homeland security and put people back to work.

The deficits are modest, manageable, and will recede to zero,