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.
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.
Deficits. Most people of knowledge say it's the biggest single problem facing the economic free world.
Republicans profess to be against deficits, but they are experts at creating and exacerbating deficits.
We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.
Reagan proved deficits don't matter.
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits.
Bush may be a strong leader in the war on terrorism, but on budget deficits he is missing-in-action.
A lot of people say, 'Why do health-care reform when the deficits are so big?' But that is when we've got to do it.
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 served at a time when we had a strong economy, when we had deficits that we would die for today. I was able to propose a balanced budget, not over ten years, but over five years. I'm proud of that record.
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.
It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.
Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.
The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.
The truth of the matter is that countries the world over have deficits. Let us remember this about Scotland's deficit: it was not created in an independent Scotland; it was created on Westminster's watch.
Traditionally, the way deficits have been cut is you hold expenditures more or less constant in real dollars and then let growth come in to fill it up.
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.
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.
Californians are worried about whether they will have a job along with ballooning federal spending and deficits.
It's disappointing that President Obama - who ran for office in 2008 saying he was going to be a fiscally responsible president - has caused the largest deficits and the largest debt in American history.
