Deficits Quotations

Well, I think what we need to remember is that budget deficits can impede economic activity.

President Obama's policies have been categorical failures for our country. Unemployment is over nine percent, our deficits are growing, and small businesses are being burdened with regulations.

There's no more place in the euro zone for well-meaning laxness when dealing with deficits and failings. If the demands on Greece aren't taken seriously, we'll get stuck in quicksand. In the worst case, this would make it acceptable for one tranche to not be paid out. It is in the Greeks own interest not to test that.

There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.

The tea party movement and its passion arose in response to trillion dollar deficits as far as the eye can see and out of a sense that Washington is in need of dire fiscal reform.

It is past time for Republican leadership to answer for record deficits and reckless spending, both in Iraq and in the U.S. It's time for a plan to bring our troops home.

Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.

For one thing, one of the wonderful things that we now have is instead of the huge budget surpluses that President Clinton left us with, we now have these huge deficits that we're going to be facing into the future.

For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of $423 billion is projected to be the largest of all.

Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want - and their kids pay for it.

We are in a bit of a policy box and it's going to require us being willing to give up one of the two, which is it's okay to take on more deficits but lets put in some massive spending. Alternatively to say, 'we're going to go through structural unemployment for a while because we want to address deficits.'

I want to be very clear: I will not sign on to any health plan that adds to our deficits over the next decade.

We're ready to work with the Bush administration, ... But we're also ready to work against any budget that returns us to never-ending deficits and a mountain of debt.

The reduction in the amount of the special bonds and the budgeted deficits suggest the country plans to speed up withdrawing from the proactive fiscal policy.

There is a limit to how long and how far deficits can be sustained,

We have significantly increased our short-term and long-term commodity price forecasts to reflect our expectation of sustained tight markets and ongoing deficits in 2006.

Lower budget deficits are the surest and most direct way to increase national saving. Higher national saving would help to lower real interest rates, spurring spending on capital goods so as to put cutting-edge technology in the hands of more American workers,

If things start to go really badly in Iraq, and we have a long conflict and have to destroy a lot of infrastructure, that would be very dollar negative because we will get stuck holding a lot of the tab for that, at a time when we have budget deficits going out as far as the eye can see.

I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.

What might prompt some dollar fears is that the United States is closer to admitting the deficits are a big problem.

He could not have gotten it as a child. Children who get lead ... usually get intellectual deficits -- it affects their learning ability. However, adults often attain their full intelligence. They have this unremitting abdominal distress, pain and nausea, that sort of thing.

I think you would be hard-pressed to find an economist, aside from the supply-siders, who would argue against the idea that deficits matter.

I think it's very important that Americans understand... tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't.

I think the way out of these deficits is that the U.S. currency will start to come down over the next two to three years.

It is a reminder that the Government has been running a sizeable off-budget deficit via PFI deals and deficits in businesses that are really government-run but structured in a way that aims to technically keep them out of the public sector deficit.

Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),

Overall, trade deficits tend to widen with hurricanes, due to the Southeast region's bias towards exports to Latin America over imports.

Risks remain and uncertainty is on the rise, this was in substance the message of G7 finance ministers and central bankers this weekend, ... Even if global economic growth remains solid, it is suffering from high oil prices, U.S. deficits and the rise of protectionism.

Republicans are spending at a rate not seen since Lyndon Johnson's presidency, ... They're legislating as if deficits don't matter.

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.

People know we're running huge deficits and they know the costs have just rocketed upward. Many Americans are now looking at the Iraq situation in that context.

State employees and other Californians are facing tough times right now, ... We've seen state budget deficits over the last several years. The timing for a legislative pay increase isn't right.

Market deficits will sustain upside price moves through 2007. Zinc is catching up -- it was the laggard.

Mark Foley is a phony. He has brought a 30 percent increase in the size of government. He's brought us record deficits and he's brought a culture of cronyism and corruption that this country has never seen.

It all boiled to down to decisions. I think at critical junctures we made some pretty good decisions. In our last four games we had deficits and then we took the lead, but we haven't made good decisions when we've had the ball.

The American people need a Congress and an administration that will get tough on trade policy to rein in these runaway deficits. When you look at trade deficits in the context of growing foreign ownership of our national debt, you see that we're increasingly beholden to the very countries whose markets we'd like to open to American goods. Unless we reverse this dangerous trend, we'll soon find ourselves without negotiating leverage to promote our trade agenda.

When it comes to deficits, this president owns all the records. The three largest deficits in our nation's history have all occurred under this administration's watch.

We have to reduce the burden placed on our economy by years of deficits and debt.

We've got stagnant general funds and obligations. We've got looming deficits on the riverfront but there are no clear answers there.

With the current account and the budget deficits now expanding together, market participants may pay more attention.

We know that we can do anything. We can score runs and we've come back from deficits before. We just came up short, but we are going to have to make sure that doesn't happen again.

The path of large and permanent deficits on which the government has embarked is unsound public policy and should be reversed as soon as the economy permits.

The outlook remains poor. Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.

The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.

Trade deficits in the final quarter of last year, as measured by the South African Revenue Service, suggest that the Bank's trade reporting will reflect a similar trend of rising deficits.

This special interest incentive would be a disgrace. With budget deficits growing to historic levels, we need to make sure tax dollars are going to those who truly need the government's help ... We trust you will do the right thing and make sure federal resources go to the poor, the needy and the vulnerable and not the gambling interests who already have insurance to cover catastrophic events like hurricanes.

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,

The deficits are bigger than expected but the underlying picture remains the same. The risk is that we will need tax rises in the medium term but there is no immediate pressure.

This research is intriguing because it associates genetic risk for dementia with twins' cognitive deficits, even in the absence of dementia. The differences in cognitive deficits between identical and fraternal twins are also important, suggesting that the twins who were more similar genetically had the greater risk.

With budget deficits growing to historic levels, we need to make sure tax dollars are going to those who truly need the government's help, ... Tax beaks for the gambling industry do not make sense.

We have shown the ability to come back from deficits in recent games.

When the economy is running below potential, I don't mind deficits at all.

Facing record deficits after 9/11 and the worst fiscal crisis in a generation, Mayor Bloomberg balanced the budget without cutting vital services,

While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system.

While this year's deficit will be lower than last year's record shortfall, the improvement is likely to be short-lived. Declarations of victory over budget deficits only distract from the disturbing long-term budget outlook,

You can't be running record deficits forever without some impact on yields.

There is still significantly stronger growth in the U.S. relative to the rest of the world. That's been the dominant factor in terms of continued large trade deficits and that's not going to change much this year.

This team is still growing. Now we're coming back by huge deficits and that's the kind of team we want to be.

Twenty-five years ago, Ronald Reagan inspired a nation with a bold agenda that ushered in an era of values and prosperity. I want to restore Reagan's vision. I want to remove the grip that special interests have on Congress. I want to stop out-of-control and wasteful spending, cut record deficits and secure our borders and our homeland.

We were promised that if we gave huge tax cuts to the wealthiest Americans, the benefits would trickle down, deficits would disappear and the economy would flourish.

We were pretty excited when the game started. But Kewanee is a lot different than Princeville. Kewanee works hard and they like to transition just like us. I knew it was going to be a high possession game and scoring deficits can change very rapidly.

U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now.

Both candidates seem to be proposing roughly equal deficits over time. Both plan on cutting it in half but doing it by growing the economy as opposed to lowering the dollar amount.

At some point, these kinds of deficits are not viable. The probabilities are extremely high that if we don't address these imbalances, then at some point, and it could be years down the road, we'll pay a very big price.

At some point, the market is going to return its focus on the current account and the U.S. fiscal deficits (but) at the moment, interest rates are still driving the dollar.

Europe has the problem today, with low growth for example. But the US should not get complacent. If the trade and budget deficits continue on its current course, the US will have a problem in the next ten years.

Feel it? It is one of the more amazing things I've felt here. It's the resilience and the ability mentally for the team not to fold. They come back from deficits that where I came from (Oakland) they'd say let's get through nine and look for tomorrow.

Faster economic growth, doubtless, would make deficits far easier to contain. But faster economic growth alone is not likely to be the full solution to currently projected long-term deficits.

The result is huge deficits and fast-growing costs for Albany water ratepayers,

The United States has lost control of their budget at a time when racking up deficits has been authorized without any control (from Congress),

is on an unsustainable path, in which large deficits result in rising interest rates and ever-growing interest payments that augment deficits in future years.

It would put us on a path to endless deficits and a Mount Everest of mountainous debt,

They also failed to save enough money during the good times in the late '90s, when there was plenty of money accumulating in the coffers. Instead of actually sensibly trying to reduce their deficits at that time they simply spent the money,

There will be some bigger fears about whether the bill for years and years of trade deficits is finally coming due. The outlook is for continued, big current-account deficits.

Sometimes right-of-center parties like deficits because it justifies cutting things. It can be very politically convenient.

Proposition 76 will fix Sacramento's broken system of deficits and out-of-control tax increases,

People see this election or this convention as a referendum on the immigration issue and whether the convention delegates want to vote for a business as usual immigration candidate for our Senate or someone who's committed to solving the problem. He seems to be focusing his campaign on secondary issues such as taxation and deficits and Social Security.

After creating record deficits and debt with his budget busting tax breaks, the president is asking our seniors, our students, and our families to clean up his fiscal mess with painful cuts in health care and student aid.

Deficit movements over the first three months of this year indicate how volatile company pension deficits can be.

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.

The big risk is on the downside, but the market is ignoring a multitude of things they should be concerned about, such as the deficits and the weak labor market. We are getting to a point now where so many stocks are so overvalued that it is ridiculous and somebody at some point is going to say 'Mummy, the Emperor doesn't have any clothes on'.

That to me is the problem. Private-equity groups are notoriously shy of taking on huge pension deficits. And as deficits go, there are not many bigger than this.

This budget is not going to put us on a path to balancing the budget. Not in five years, not in 10 years, not in 20 years. It would put us on a path to endless deficits and a Mount Everest of mountainous debt.

This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.

They saw the deficits widening, and saw no reason to think the dollar wouldn't drop. In fact, the U.S. economy was beginning to look stronger, and that helped the dollar.

They may not think that that's a problem, but John Kerry thinks deficits do matter.

The more pressing need for companies to address their pension fund deficits has no doubt been an important reason for weaker investment.

A bunch of problems that we have ahead of us are largely because of these tax cuts. They are very costly and will contribute significantly to budget deficits in the future.

It seems logical that age-related deficits in behavior and brain function could be retarded by consuming foods high in antioxidants and anti-inflammatory compounds. It seems that those with very intense color, like berry fruits and Concord grapes, are the most efficacious.

It is totally about tax cuts. Our current deficits are not the result of critical spending to help low-income Americans. They are the result of tax cuts given in 2001 and 2003." ()

It's not like the deficits back in the Reagan years because the economy is much larger now, so theoretically we can handle this amount of debt.

for all residual risks to the pension plan ? both outcomes that lead to deficits and outcomes that lead to surpluses.

Congress supported the experiment. It was a huge mistake. Deficits skyrocketed. The national debt quadrupled. High interest rates choked American industries. Unemployment soared.

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.

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.

It's definitely the case that pension funds have been reducing their allocation to equities and that's been driven mostly by legislative pressures to reduce their deficits and to match more closely their assets with projected liabilities.

At this time last year, people were talking a lot about the U.S. twin deficits and predicted the dollar would decline in 2005. They were wrong.

That's a situation we no longer find ourselves in. We are facing budget deficits again. The president has been offering tight budgets and we've been responding as best we can. We don't know how much money will be made available to us next year when we write the farm bill.

The issue I expect to dominate the debate is whether these deficits will unwind in an orderly way or in a disorderly way.