Quotes About Deficit

There was a reason, I told Valerie, why Republicans tended to do the opposite—why Ronald Reagan could preside over huge increases in the federal budget, federal deficit, and federal workforce and still be lionized by the GOP faithful as the guy who successfully shrank the federal government. They understood that in politics, the stories told were often as important as the substance achieved.

Challenges of historic import threaten America's future. Action on the deficit, economy, energy, health care and much more is imperative, yet our legislative institutions fail to act. Congress must be reformed.

I have said repeatedly I do want to take longer to eliminate the deficit than the other parties. Because I want to see us have the ability to invest more in our economy, in our public services, and in lifting people out of poverty.

The financial report makes it very clear that if we got into honest budgeting today, that in fact we would find ourselves with a much larger deficit than we have today.

One of the reasons we don't have our deficit under control is because Republicans are wusses and won't tell their base a simple fact that everyone knows. We can't eliminate the deficit without raising some revenue... They're wusses.

We're going to need to absorb some pain. The Republicans want to pile all the pain on people who can least afford it and the middle class and Democrats under his leadership want to make sure that we can address deficit reduction and continue to make investments and shared sacrifice is going to be imperative in order to be able to do that.

One thing everyone seems to agree on is that Republicans face a perceived compassion deficit.

Illinois has severe budget problem. You cannot cut your way out of the problem.

One thing I have been banging on about, we have a dessert deficit in the U.K. We still import a very large proportion of our desserts. I would ask everyone to go out and buy a British dessert.

Look, I don't dispute that the deficit has increased.

Today, the U.S. has lost one out of every four manufacturing jobs that existed before NAFTA—over 5 million, with 42,000 factories closed. A modest trade surplus with Mexico was replaced with a large, persistent deficit. . . . NAFTA's new investor protections dramatically increased the ability of corporations to outsource entire factories to Mexico"—resulting in the "giant sucking sound" presidential candidate Ross Perot warned us about.

My highest priority is to make sure we get Americans back to work. And that we have rising incomes again and that we have a deficit reduction program in place that convinces the world that we're on track to having a balanced budget.

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.

India's trade deficit is because of excess of import over exports.

Every dollar a foreigner spends over here directly subtracts a dollar from the trade deficit.

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.

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

We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.

The trade deficit always goes up when the economy is strong and plummets when the economy sinks, as it did during both the Great Depression of the 1930s and the Great Recession of 2008-09.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

The Japanese, despite the trade deficit and their ability to build fabulous automobiles, still think that a guy in a monster suit is all that is needed for a monster movie.

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.