Deficit Quotes
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When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds.
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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.
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I think Donald Trump recognizes that a plan that would increase the deficit by $10 trillion over a decade is not a plan that's likely to get traction in Congress.
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...More important than the deficit, more important then healthcare-more important than anything-we have got to do something about our energy strategy. Because if we permit the climate to continue to warm at an unsustainable rate, and if we keep on doing what we're doing until we're out of oil and we haven't made the transition, then it's inconceivable to me that our children and grandchildren will be able to maintain the American way of life and that the world won't be much fuller of resource-based wars of all kinds.
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Economically, long-term joblessness means fewer dollars for consumption. For deficit control, it means fewer taxpayers contributing to government revenues and tens of billions more spent on unemployment insurance.
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Social Security faces a long-term actuarial deficit, yes.
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There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
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Well, I think what we need to remember is that budget deficits can impede economic activity.
