At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits.
Alan Greenspan
I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.
In times of huge fiscal deficits, no new revenues can be ignored, and renouncing any becomes well nigh politically impossible.
Alan Patricof
To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.
Alex Berenson
Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.
Alistair Darling
The biggest reason we know Justin Trudeau will raise taxes is because his never-ending deficits will force him to.
Andrew Scheer
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.
Ari Fleischer
The modern GOP has perfected this cyclical deficit outrage ritual. Republicans run up the tab when they control the White House, then scream about deficits when Democrats win - insisting that 'serious reform' means cutting only Democratic budget priorities.
Ari Melber
I want to be very clear: I will not sign on to any health plan that adds to our deficits over the next decade.
Barack Obama
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.
Ben Bernanke
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
Bill Gross
Californians are worried about whether they will have a job along with ballooning federal spending and deficits.
Carly Fiorina
Under President Obama, we have spent more money - he has spent more money than any other president in this history, actually, the combined total from Washington up to George W. Bush. President Obama has racked up more spending, $1 trillion deficits. And it's time that he join us in this effort to get our fiscal house in order.
Cathy McMorris Rodgers
With its record spending and deficits, the Obama administration has shown little interest in taking fiscal responsibility. That is a mistake.
But if they want to really think about the fiscal future of this country, then think about how we have moved from hundreds of billions of surpluses to hundreds of billions of deficits.
Chaka Fattah
As I'm learning, Republicans seem to only care about deficits when a Democrat is in the White House.
Chris Murphy
Deficits and debt threaten the growing American economy and our national security over the long term.
Cindy Hyde-Smith
I believe we can and should have it all. Lower deficits but higher spending. More peace with a bigger military that goes off and kills terrorists and whatnot. A cleaner environment without forcing SUVs off the road.
Craig Armstrong
These days the technology can solve our problems and then some. Solutions may not only erase physical or mental deficits but leave patients better off than 'able-bodied' folks. The person who has a disability today may have a superability tomorrow.
Daniel H. Wilson
Deficits. Most people of knowledge say it's the biggest single problem facing the economic free world.
David Hartman
As anyone who lived through the 1990s knows, nothing shrinks our deficits faster than a growing economy.
Reagan proved deficits don't matter.
One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11.
Unfortunately the Republican tax cut will deny important revenues to many states facing their own deficits. This will create greater pressure for higher state and local taxes.
The most positive step is to try to expand the employment base by making it, if not economically friendly, at least not economically disastrous, for studios to take on deficits.
Understanding that yes, we are committing more resources than we thought we might be in protecting our homeland and prosecuting a war and so it's understandable that we would be going through a period of deficits.
I have three adult children, and I have four grandchildren. I want to stop the deficits. I want to make sure that we're not passing on to my children and my grandchildren deficits and that we cannot repay and that they will have to repay and maybe they won't be able to repay them.
America needs a new approach to boost the economy - one that does not doom future generations to being saddled with paying off today's federal deficits.
I think it's absolutely clear that the fiscal path we are on is not sustainable, and for me, the best analogy is these deficits are like a cancer, and over time they will destroy the country from within.
Ronald Reagan felt very great regret about the deficits to which he contributed on his watch.
Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.
Tonight was a great opportunity to take on the political status quo that has given us trillion dollar deficits and put millions out of work. Our objective was to inject some common sense into the conversation among Republicans at a time when business-as-usual simply won't work.
In politics, almost everywhere we see what looks like the externalisation of psychic wounds or deficits.
Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.
Cutting budget deficits can never be just an exercise in economics.
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.
Chronic deficits drastically reduce government's ability to make those infrastructure investments that business needs to grow and create jobs.
The most pressing and significant problems in the global economy are unsustainable structural issues with regard to the E.U. - fiscal deficits and the structure of the E.U. itself.
The problems seem so easy out there on the stump. Deficits shrink with a rhetorical flourish.
Anything that's done to address unemployment in terms of massive stimulus spending is going to exacerbate deficits. And anything that's done to address deficits in the short-term is going to exacerbate unemployment.
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.'
We have to reduce the burden placed on our economy by years of deficits and debt.
We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president's budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years - a down payment toward tackling our challenges in the long term.
I've, we have in this state, like many other states, we're experiencing an enormous budget deficit that we're trying to grapple with. But we will have progress despite the deficits.
We can't just cut our way to prosperity. Even as we look for ways to reduce deficits over the long term, we must grow the economy in a way that strengthens the middle class and everyone willing to work hard to get into it.
Bush may be a strong leader in the war on terrorism, but on budget deficits he is missing-in-action.
Near-term deficits are temporary and manageable if - and only if - we keep spending in check, the tax burden low and the economy growing.
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.
We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus.
Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.
