Deficit Quotations | Page 4

The trade deficit has always lurked in the background as a potential negative for stocks, but it was fine (in the past) because the dollar was strong.

The trade deficit coming in a bit wider suggests growth is going to be a lot slower. It throws more support on the notion that there is more uncertainty in the short run. But that's premature speculation.

The total amount of debt that foreigners have bought this year is $66 billion, which is about the amount of the total federal deficit during the same period of time. So in other words, we benefit by basically eliminating the burden of the debt on domestic capital markets.

The trend still points to a larger deficit in coming months, especially given the recent rises in oil prices.

The time has come for us to close our nation's wallet, reverse our deficit spending and treat the government's budget like we would our own.

I understand that he's wrestling with a substantial deficit. But the deficit he's wrestling with is not caused by the government of Canada,

The wider-than-expected deficit is due to high oil prices, which have now peaked. The growth in the value of imports will not last as we expect crude prices will cool later this year.

The widening trade deficit is negative for the dollar. We see no way for the U.S. trade gap to narrow.

The risk is that the deficit is rather worse than the market is looking for and if that's the case it may swing the focus back to structural dollar negatives and away from the interest rate focus.

The risk is that China does not slow its steel production as much as we expect and if that is the case, the deficit will be higher.

The rise in oil prices was always likely to hit these numbers with a vengeance, and the petroleum deficit duly rose by $1.4 billion.

The right way to deal with a budget problem that was years in the making is by formulating a credible plan to reduce the deficit over time and as the economy is able to withstand the necessary fiscal belt-tightening. That is what President Obama is doing.

There will have to be a move for some kind of deficit reduction. We've been telling members that Balanced Budget Act 2 could be just around the corner.

The Ryan budget puts America on the wrong path and attempts to reduce our deficit solely on the backs of our nation's most vulnerable. Instead of reducing opportunities for 99 percent of Americans, it is time for this Congress to come together and put forth an economic agenda that provides every hard-working American with a fair shot at success.

These additional tax cuts can only have one affect; they will add dollar to dollar to the deficit which (is) already enormous, $521 billion this year,

These changes will have a major impact on the fiscal deficit of states, apart from bringing down the costs of doing business,

These changes are necessary to clear the past deficit and to contain the amount of future funding needed.

These results demonstrate a strong economy in Ontario and our commitment to strong financial management. As we stated in the 2005 budget, the deficit will be eliminated no later than 2008-09, or a year earlier, in 2007-08, if the reserve is not required,

The states have a total of $80 billion in deficit spending. What are they going to have to do? Well, they are either going to have to cut programs, which will drag the economy down, or they are going to have to raise taxes, which will drag the economy down.

The second half we decided just to let it all out and run up and down the floor. Trying to match them basket for basket - we did it, but the problem was we had an eight-point deficit at halftime.

The story of the current account deficit allowed traders and analysts to justify any currency prices. Sentiment got overly bearish on the dollar.

The stable outlook reflects revised expectations concerning the prospects of policy continuity and adherence to fiscal consolidation, which foreshadows improved chances for overall deficit reduction and stabilization of the country's debt dynamics.

The shot were dropping and all of the sudden, we turned the six-point deficit into a six-point lead.

The Texas Windstorm Insurance Association is considerably under funded in the event a major hurricane makes landfall in Galveston or Corpus Christi. Last year TWIA had a $130 million deficit as a result of losses caused by Hurricane Rita and that would be a drop in bucket had the storm hit Galveston.

Thanks to former President George W. Bush - remember the compassionate conservative? - I have a good name for the fundamental principle that should guide the Democratic alternative: compassionate deficit reduction.

Ten billion dollars less of deficit means $10 billion less of disposable income ... and a loss of at least 100,000 jobs.

Right now we see ourselves on a continuing declining path in the deficit out over the next several years toward the 2009 goal that the President talked about, ... This kind of spending adds a challenge to us in meeting those goals, but I don't think it's a long-term challenge. I think the kind of spending we're talking about here is something that will be a concern in the next year or two, and not long run for the economy.

Right now, we have negative real rates of return on Treasury bills and massive deficit spending. Historically, a currency can't be strong with those two factors.

Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.

Of course, we learned our lesson from last season, when we (gave up) the third goal and the fourth goal and we lost at home 4-0. And we had a couple of games when we really had to track the deficit in the game. I don't want to have this kind of situation where we have to trail the result every game. We have to do better.

The narrowing of deficit obviously helped the U.S. dollar rally across the board. There is more indifference about the Canadian number. We are seeing people buying the U.S. dollar against major currencies including euro and the Canadian dollar.

The narrower trade deficit is a positive piece of news for February. However, with energy prices going up recently, you have to remember that there's a good chance that the trade deficit will widen again over the next (few) months.

A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth. It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.

A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth, ... It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.

A deficit because of the Lunar Year holiday is a blip and isn't a concern for the economy. While strong domestic demand is fueling import growth, which partly led to the deficit, it's a good thing because it signals resilient demand.

A declining deficit may be signaling a slight loss of economic growth momentum.

After it got so close, you knew it was going to come down to the end. Would I rather be a half-game up at this point? There's no doubt about it. If we can't make up a half-game deficit over the last 10 games, it wasn't meant to be anyway.

The most important factor leading to our trade deficit is that the U.S. economy has had much higher rates of economic growth and job creation than our major trading partners over the past decade,

So what we're showing in our numbers (is that the) bilateral deficit with China should really be interpreted as a U.S. deficit with all of Asia, not as a bilateral problem with China to be singled out.

Now it's time to pay the piper and get this deficit back down to more manageable levels, and I believe the president's budget will address these issues,

November will be better, but the past year's flat trend in the core deficit seems to be breaking.

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.

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

Demand in the U.S. economy is reasonably strong and retailers are probably optimistic about the holiday shopping season so they are starting to order from abroad now. The trade deficit is going to take some time to turn around. It may not happen until next year.

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.

Coalition members are increasingly aware of the need for fiscal consolidation. However, key measures to bring the budget deficit back towards a more sustainable path have not yet been implemented so far.

As hard as it was to lose to Alabama it was an important step for us. Especially to come back from a huge deficit on the road.

The bottom line is that a current account deficit of this unparalleled magnitude is unsustainable and there is no hope of it being resolved painlessly through higher exports alone. Instead it will require a big dollar depreciation alongside much weaker domestic demand for imports.

The budget should put the country's deficit reduction effort back on track.

The budget deficit is like gaining weight. You are not really aware of it until at some point, all of a sudden you can't do what you want to do because you are heavier. Interest rates go up and slow things down. Then you go to your check up and the doctor tells you you got to lose 25 pounds.

The budget deficit is going to have to go up over the next three to seven years.

The Bush administration is under enormous pressure from Congress to do something about the uneven bilateral trade deficit. The underlying force is not the value of their currency but the low savings rate in the United States. If there's no change in the U.S. savings rate, the trade deficit won't go away.

BA is entering what we feel will be a tense six months for industrial relations as the pension fund deficit and the three-year wage deal come up for negotiation with the unions.

That's just the type of player Josh is. He's always been there when we need a big play. That goal made such a huge difference. It was a two-goal deficit instead of three.

That's not to say that the deficit isn't a concern. In the end, the desire is for this to balance out and bring up India and China and the wages there so their ability to purchase goods and products will increase and as a result these trade imbalances won't become so one-way.

You still have a sizable year-on-year deficit in distillate stocks, so it's too early in the winter to write off this distillate market.

This is the first time in years that I can remember that we are not in a deficit situation. We have zero deficit and we have zero surplus.

The U.S. trade deficit with China shows that while we value the potential of their market, they value the reality of our market. It is in this area that we should use our leverage.

The U.S. trade deficit will likely remain at high levels in coming months. The major reason is that the American economy should continue to grow at a solid pace, supporting continued growth in imports.

The U.S. pointing to China is a bit like the pot calling the kettle black. The deficit with China reflects poor policy on both sides of the Pacific.

The weaker the economy is, it makes it more difficult to push ahead with reforms, ... Clearing up the bad loan problem and reducing the deficit are deflationary.

The way we hit the ball, we feel like there is never a deficit that we can't get back with a big inning or two. That's a real nice feather to have in your cap.

This does not mean that currency markets have completely eliminated all concerns about the trade deficit when assessing the dollar,

This budget also is committed to fiscal discipline. It holds government spending below the level of inflation. In the non-security, non-homeland security area it reduces actual spending. And it's consistent with the president's commitment to cut the deficit in half by the time he leaves office.

This bill takes fiscally responsible steps to reduce the deficit, reduce spending that is on autopilot, and strengthen our economy, ... It is the first deficit reduction package in almost a decade, and probably the most important legislation to be considered this year.

They showed a lot of fire to come back from a 14-point deficit the way they did.

Although these would be small compared with the cumulative deficit of 2003-2005, the consequent likely rise in reported stocks could be supplemented by more unreported material resurfacing.

A lot of things have to come together to make my forecast of a slowing current account deficit come true.

Also, there are economic studies which show that Europe has a trade deficit in software versus the U.S. in the tens of billions of dollars per year, so there is obviously some hope over here to become a little more independent from a few large and mostly American vendors.

This is the perfect opportunity for Congress to demonstrate its newfound, post-Katrina concern to keep the deficit in check.

This kind of figure is bound to generate negative headlines for New Zealand. Higher oil prices also suggest the deficit could widen further.

As we stated in the 2005 budget, the deficit will be eliminated no later than 2008-09, or a year earlier, in 2007-08, if the reserve is not required,

It's fairly safe to say that the trade deficit may have peaked now that oil prices are falling and the U.S. economy is showing signs of slowing down.

It was only 3-0. If you don't have a ball club that can come back from a 3-0 deficit you're in trouble. We've got what it takes to come back. It just didn't happen.

It was a wild one today. The wind was howling and we had a few questionable calls from the judges go against us. I feel good heading into tomorrow. An 11-point deficit isn't too hard to overcome.

It was a rush. It happened all at once. It was a big deficit and then we were back in the game.

It's a whopper. The very large and worrying deficit reflects the imbalances facing the New Zealand economy.

It means we have to find more sponsors and make up for the deficit it presents us with.

It really creates such a deficit for us to come back from. Sometimes it's just real difficult to come down here and win.

It is too early to suggest the deficit has peaked but it fits with Greenspan's views of the early signs of stabilization,

It suggests the drag on the economy from the trade deficit in the third quarter will not be as great and could help revise up third-quarter GDP a bit,

Following the accident, there's downside risks to exports in January, so the trade deficit may be wider than we expect.

It should be no surprise that two different organizations, using different analysts, different methodologies and different assumptions come to different math at the end of the day. Where there's no difference, however, is that both OMB and CBO forecast that we meet the president's goal of cutting the deficit in half by 2009.

It's possible that the deficit actually becomes a positive factor for the dollar as people see it narrowing. That will allow the dollar to rally even as growth in the U.S. slows down and the Fed stops raising rates.

Despite a record $427 billion deficit predicted for fiscal 2005, members of Congress are engaging in the worst form of blatant self-interest; larding the budget with pork for home districts and states.

Dollars provided by the deficit are being soaked up by capital flows. It's important to consider both sides of the coin.

Congress was more concerned about constituents waking up in the morning sometime in 2009 and finding out that their televisions didn't work, and they couldn't get the sports show that they wanted. They were more concerned about that than they were about reducing the deficit or keeping taxes low or saving billions of dollars for the taxpayers.

Then it could take weeks and months for the rainfall deficit to go away.

That's the big lingering risk factor sitting out there on the horizon. Will we have a gradual adjustment, where the trade deficit gradually improves, or will we have an accident along the way?

Eight years ago, our future was at risk, ... Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion.

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.

Economic growth is slowing, and exporters are already suffering. It is a certainty that fourth-quarter net exports will subtract substantially from GDP growth while the current account deficit will widen further.

The biggest deficit in terms of gender equality at Ozon lay in our IT department. So we made a decision, along with our key IT leaders, to remove all filters and systemically interview all the women who apply.

The administration's forthcoming budget is expected to have approximately $200 billion in missing costs in the fifth year, ... Once these missing costs are taken into account, the deficit is seen as being in the range of $500 billion in 2009, or around 3.5 percent of GDP. That is not close to cutting the deficit in half.

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 clear that the target the White House has set of halving the deficit (as a percentage of gross domestic product) by 2010 is unrealistic.

It's a miracle if you break even. A deficit is almost inevitable.

It's hard to claim you're fiscally responsible when you raise your hand and vote aye to spending after spending, in support of special interest after special interest. It's also hard to claim you can fix a deficit when all you've brought them here and have no clue how to turn a deficit around.

It's very possible we're at the beginning of a current account deficit that is going to widen substantially.

ITV posted a good set of numbers despite lower revenues from advertising. 300 million pounds is going back to shareholders, there will be a new channel and the pension deficit has been halved.