“The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.” StatesUnitedUnited StatesBalanceAccountsTradeCurrentsUsualItemsDeficitPayment Author:Robert C. Solomon
“Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.” CountryTodayMovementBalanceSixtyReservesDeficitPaymentSurplus Author:Robert C. Solomon
“So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.” IfsBalanceCurrencyReservesDeficitPaymentEuro Author:Robert C. Solomon
“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.” GovernmentRunningProcessEconomyBalanceCircumstancesPressureEtcMore MoneyReservesSevereTaxationInflationDeficitPaymentMonetaryBorrowingFinancing Author:John James Cowperthwaite
“For almost 50 years polls have shown that a large majority of the public believe that the budget should be balanced, and for all that time they have elected office seekers who would not balance it. The public cares about deficits, but doesn't care much.” ShouldYearsBelieveCareBalanceOfficeMajorityBudgetsBalancedDeficitPollsAmerican PoliticsSeekers Author:Herbert Stein
“At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.” NeedsShouldGovernmentRunningInterestEconomyBalanceHigherRateBudgetsOver YouDesirableRevenueDeficitRecessionsInterest RateBudget Deficit Author:George Soros
“We can't have deficit spending in Texas. You have to balance your budget every two years.” YearsTwoBalanceSpendingBudgetsTwo YearsTexasDeficitDeficit Spending Author:Rick Perry