Deficit Quotations | Page 4
Deficit Quotes from:
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Agenda Quotes
The Ryan budget puts America on the wrong path and attempts to reduce our deficit solely on the backs of our nation's most vulnerable. Instead of reducing opportunities for 99 percent of Americans, it is time for this Congress to come together and put forth an economic agenda that provides every hard-working American with a fair shot at success.
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Bucket Quotes
The Texas Windstorm Insurance Association is considerably under funded in the event a major hurricane makes landfall in Galveston or Corpus Christi. Last year TWIA had a $130 million deficit as a result of losses caused by Hurricane Rita and that would be a drop in bucket had the storm hit Galveston.
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Adds Quotes
Right now we see ourselves on a continuing declining path in the deficit out over the next several years toward the 2009 goal that the President talked about, ... This kind of spending adds a challenge to us in meeting those goals, but I don't think it's a long-term challenge. I think the kind of spending we're talking about here is something that will be a concern in the next year or two, and not long run for the economy.
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Couple Quotes
Of course, we learned our lesson from last season, when we (gave up) the third goal and the fourth goal and we lost at home 4-0. And we had a couple of games when we really had to track the deficit in the game. I don't want to have this kind of situation where we have to trail the result every game. We have to do better.
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Based Quotes
Deficit widened to a record, there's also a positive revision to the prior period. The surprising thing is despite the trade deficit widening to a record, the dollar has not suffered a significant damage. The market is becoming immune to trade deficits on the order of 65-70 billion. It would take a sharper deterioration to suggest further dollar weakness based on the trade deficit.
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Aware Quotes
The budget deficit is like gaining weight. You are not really aware of it until at some point, all of a sudden you can't do what you want to do because you are heavier. Interest rates go up and slow things down. Then you go to your check up and the doctor tells you you got to lose 25 pounds.
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Bush Quotes
The Bush administration is under enormous pressure from Congress to do something about the uneven bilateral trade deficit. The underlying force is not the value of their currency but the low savings rate in the United States. If there's no change in the U.S. savings rate, the trade deficit won't go away.
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Actual Quotes
This budget also is committed to fiscal discipline. It holds government spending below the level of inflation. In the non-security, non-homeland security area it reduces actual spending. And it's consistent with the president's commitment to cut the deficit in half by the time he leaves office.
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Both Quotes
It should be no surprise that two different organizations, using different analysts, different methodologies and different assumptions come to different math at the end of the day. Where there's no difference, however, is that both OMB and CBO forecast that we meet the president's goal of cutting the deficit in half by 2009.
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Billions Quotes
Congress was more concerned about constituents waking up in the morning sometime in 2009 and finding out that their televisions didn't work, and they couldn't get the sports show that they wanted. They were more concerned about that than they were about reducing the deficit or keeping taxes low or saving billions of dollars for the taxpayers.
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Budget Quotes
Eight years ago, our future was at risk, ... Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion.
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Accounts Quotes
Efforts to restrain growth in mandatory spending are vital - not just for our near-term deficit reduction efforts - but especially for the long term. Toward the end of the next decade, deficits stemming largely from entitlement programs ... will begin to rise indefinitely. No plausible amount of spending cuts in discretionary accounts or tax increases could possibly solve this problem.
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Billion Quotes
The administration's forthcoming budget is expected to have approximately $200 billion in missing costs in the fifth year, ... Once these missing costs are taken into account, the deficit is seen as being in the range of $500 billion in 2009, or around 3.5 percent of GDP. That is not close to cutting the deficit in half.
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Account Quotes
Take AMT and extending the tax cuts into account and instead of having a 2011 deficit of just over $100bn, we are looking at deficits close to $400bn again. Extending the Bush tax cuts costs about $400bn a year as far as the eye can see. This is unfair to the next generation that will ultimately have to pay the bill.
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Brought Quotes
It's hard to claim you're fiscally responsible when you raise your hand and vote aye to spending after spending, in support of special interest after special interest. It's also hard to claim you can fix a deficit when all you've brought them here and have no clue how to turn a deficit around.