Deficit Quotes

As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade.

Deficit reduction is not an end in itself. It is the means to an end. Canadians must now decide what kind of country they want to build with the hard-won dividend.

If you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.

I am not worried about the deficit. It is big enough to take care of itself.

Congress had the opportunity to extend tax relief to working families without increasing the deficit. Instead, we were handed a bill that favors the wealthy and eliminates deductions that benefit the middle class.

The president has been a true friend of the ag industry, because he continues to invest large amounts of money at a time when savings is really the goal of the federal government to deal with the deficit.

We have to honor our commitments to today's beneficiaries, but we can't solve the growing deficit and debt problems unless we are smart, courageous, and sensible in planning for future.

Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.

America knows it has got to deal with its deficit problems so that it, too, can promise it is making its proper and best contributions to the world economy.

We wanted to be certain they didn't have a bigger deficit, and Kennedy agreed with me.

Let me tell you the story about Massachusetts under Governor Romney. It did fall to 47th out of 50 in jobs creation. Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.

The war on terrorism has made national security a legitimate concern, and a rising deficit, changes brought on by globalization and even the price of oil have thrown the nation's economic health into question.

This Constitution does not reflect the thoughts, hopes and aspirations of ordinary people. It does nothing for jobs or economic growth and widens further still the democratic deficit.

Democrats were quick to point out that President Bush's budget creates a 1 trillion dollar deficit. The White House quickly responded with 'Hey, look over there, it's Saddam Hussein.'

I don't want to remember 2005 as a year that the government heaped unnecessary burdens upon American families. Stealing from the poor and middle class and giving to the rich, while increasing the deficit, is hardly responsible.

The President forgot to mention the Moon, Mars, and the federal deficit - all of which are sky-high.

In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years.

I believe that we should allow younger workers to contribute toward a personal account that they own, as long as it is coupled with deficit reduction measures that enhance the long-term condition of Social Security.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

The reason Ronald Reagan gets slammed for having so badly exacerbated the problem of deficit spending is that he so plainly deserves it.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.

It is vital that we get these policies right as we take forward our plans to drive down the deficit and transform our economy.

In the budget, the president will call for a five-year freeze on discretionary spending other than for national security. This will reduce the deficit by more than $400 billion over the next decade and bring this category of spending to the lowest share of our economy since Dwight Eisenhower was president.

I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.