---
title: "109 Deficits Quotes by 88 authors"
description: "Browse 109 Deficits quotes by 88 authors. Discover the best Deficits sayings and thoughts."
image: "https://sms4smile.com/quotes/i/634/dick-cheney-1810_deficit_reagan-proved-that-deficits-don-t-matter_378641.jpg"
---

> [Reagan proved that deficits don't matter.](https://sms4smile.com/quotes/dick-cheney/reagan-proved-that-deficits-don-t-matter/)

[Dick Cheney](https://sms4smile.com/quotes/author/dick-cheney/)

[Image](https://sms4smile.com/quotes/i/634/dick-cheney-1810_deficit_reagan-proved-that-deficits-don-t-matter_378641.jpg)

> [We have deficits with everybody. Who do we have a positive with?](https://sms4smile.com/quotes/donald-trump/we-have-deficits-with-everybody-who-do-we-have-a-positive-with/)

[Donald Trump](https://sms4smile.com/quotes/author/donald-trump/)

[Image](https://sms4smile.com/quotes/i/018/donald-trump-18_deficit_we-have-deficits-with-everybody-who-do-w_3126736.jpg)

> [Cutting budget deficits can never be just an exercise in economics.](https://sms4smile.com/quotes/george-osborne/cutting-budget-deficits-can-never-be-just-an-exercise-in-economics/)

[George Osborne](https://sms4smile.com/quotes/author/george-osborne/)

[Image](https://sms4smile.com/quotes/i/b9c/george-osborne-3998_cutting_cutting-budget-deficits-can-never-be-jus_1910268.png)

> [Reagan proved deficits don't matter.](https://sms4smile.com/quotes/dick-cheney/reagan-proved-deficits-don-t-matter/)

[Dick Cheney](https://sms4smile.com/quotes/author/dick-cheney/)

[Image](https://sms4smile.com/quotes/i/c1f/dick-cheney-1810_deficits_reagan-proved-deficits-don-t-matter-3157_3157687.jpg)

> [We must create wealth and we must cut our deficits.](https://sms4smile.com/quotes/manuel-valls/we-must-create-wealth-and-we-must-cut-our-deficits/)

[Manuel Valls](https://sms4smile.com/quotes/author/manuel-valls/)

[Image](https://sms4smile.com/quotes/i/c3b/manuel-valls-62813_cutting_we-must-create-wealth-and-we-must-cut-ou_205575.jpg)

> [Millennials are concerned with national debt and the deficits.](https://sms4smile.com/quotes/margaret-hoover/millennials-are-concerned-with-national-debt-and-the-deficits/)

[Margaret Hoover](https://sms4smile.com/quotes/author/margaret-hoover/)

[Image](https://sms4smile.com/quotes/i/386/margaret-hoover-4164_concerned_millennials-are-concerned-with-national_704446.jpg)

> [“Let even your deficits be your offering.”](https://sms4smile.com/quotes/elisa-morgan/let-even-your-deficits-be-your-offering/)

Elisa Morgan

[Image](https://sms4smile.com/quotes/i/85b/elisa-morgan-97143_sacrifice_let-even-your-deficits-be-your-offering_1980991.jpg)

> [Near-term deficits are temporary and manageable if - and only if - we keep spending in check, the tax burden low and…](https://sms4smile.com/quotes/jim-nussle/near-term-deficits-are-temporary-and-manageable-if-and-only-if-we/)

[Jim Nussle](https://sms4smile.com/quotes/author/jim-nussle/)

[Image](https://sms4smile.com/quotes/i/777/jim-nussle-42891_burden_near-term-deficits-are-temporary-and-man_2465736.jpg)

> [Deficits and debt threaten the growing American economy and our national security over the long term.](https://sms4smile.com/quotes/cindy-hyde-smith/deficits-and-debt-threaten-the-growing-american-economy-and-our/)

[Cindy Hyde-Smith](https://sms4smile.com/quotes/author/cindy-hyde-smith/)

[Image](https://sms4smile.com/quotes/i/ebb/cindy-hyde-smith-5941_american_deficits-and-debt-threaten-the-growing-a_980828.jpg)

> [Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.](https://sms4smile.com/quotes/nassim-nicholas-taleb/deficits-are-like-putting-dynamite-in-the-hands-of-children-they-can/)

[Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/)

[Image](https://sms4smile.com/quotes/i/bb7/nassim-nicholas-taleb-352_children_deficits-are-like-putting-dynamite-in-th_2399229.png)

> [I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.](https://sms4smile.com/quotes/alan-greenspan/i-came-to-a-stark-realization-chronic-surpluses-could-be-almost-as/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

[Image](https://sms4smile.com/quotes/i/d90/alan-greenspan-1834_deficit_i-came-to-a-stark-realization-chronic-su_1208027.png)

> [With its record spending and deficits, the Obama administration has shown little interest in taking fiscal responsibility. That is a mistake.](https://sms4smile.com/quotes/cathy-mcmorris-rodgers/with-its-record-spending-and-deficits-the-obama-administration-has/)

[Cathy McMorris Rodgers](https://sms4smile.com/quotes/author/cathy-mcmorris-rodgers/)

[Image](https://sms4smile.com/quotes/i/7b7/cathy-mcmorris-rodgers-5397_deficits_with-its-record-spending-and-deficits-th_2902161.png)

> [Our priority must be to build a path towards balancing the budget, and we cannot tolerate growing deficits.](https://sms4smile.com/quotes/anonymous/our-priority-must-be-to-build-a-path-towards-balancing-the-budget-and/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

[Image](https://sms4smile.com/quotes/i/e2c/anonymous-1_deficit_our-priority-must-be-to-build-a-path-tow_1523429.jpg)

> [Deficits are anathema to most Republicans. And Democrats widely believe that government spending should fall as the economy recovers.](https://sms4smile.com/quotes/annie-lowrey/deficits-are-anathema-to-most-republicans-and-democrats-widely/)

[Annie Lowrey](https://sms4smile.com/quotes/author/annie-lowrey/)

[Image](https://sms4smile.com/quotes/i/909/annie-lowrey-7218_believe_deficits-are-anathema-to-most-republican_3086754.jpg)

> [Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.](https://sms4smile.com/quotes/alistair-darling/deficits-must-be-cut-yes-but-the-rush-to-austerity-risks-undermining/)

[Alistair Darling](https://sms4smile.com/quotes/author/alistair-darling/)

[Image](https://sms4smile.com/quotes/i/4d1/alistair-darling-35391_austerity_deficits-must-be-cut-yes-but-the-rush-to_2118487.jpg)

> [The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and…](https://sms4smile.com/quotes/nouriel-roubini/the-u-s-has-been-living-in-a-situation-of-excesses-for-too-long/)

[Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/)

[Image](https://sms4smile.com/quotes/i/c1f/nouriel-roubini-15217_been_the-u-s-has-been-living-in-a-situation-o_3133189.jpg)

> [We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year…](https://sms4smile.com/quotes/john-spratt/we-developed-during-the-1990s-a-series-of-budget-process-rules-that/)

[John Spratt](https://sms4smile.com/quotes/author/john-spratt/)

[Image](https://sms4smile.com/quotes/i/d8a/john-spratt-29317_deficit_we-developed-during-the-1990s-a-series-o_925958.jpg)

> [On the issues that I care deeply about - the environment, Roe vs. Wade, the war in Iraq, with no weapons of…](https://sms4smile.com/quotes/lincoln-chafee/on-the-issues-that-i-care-deeply-about-the-environment-roe-vs-wade/)

[Lincoln Chafee](https://sms4smile.com/quotes/author/lincoln-chafee/)

[Image](https://sms4smile.com/quotes/i/12c/lincoln-chafee-23663_about_on-the-issues-that-i-care-deeply-about-t_3167936.jpg)

> [In a time of serious budget deficits, immense war costs and a sluggish economy, we cannot afford to grant such outlandish subsidies…](https://sms4smile.com/quotes/ron-kind/in-a-time-of-serious-budget-deficits-immense-war-costs-and-a-sluggish-2/)

[Ron Kind](https://sms4smile.com/quotes/author/ron-kind/)

[Image](https://sms4smile.com/quotes/i/916/ron-kind-20316_afford_in-a-time-of-serious-budget-deficits-imm_3000639.jpg)

> [Traditionally, the way deficits have been cut is you hold expenditures more or less constant in real dollars and then let growth…](https://sms4smile.com/quotes/phil-bredesen/traditionally-the-way-deficits-have-been-cut-is-you-hold-expenditures/)

[Phil Bredesen](https://sms4smile.com/quotes/author/phil-bredesen/)

[Image](https://sms4smile.com/quotes/i/0f9/phil-bredesen-28715_come_traditionally-the-way-deficits-have-been_2004272.jpg)

> [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.…](https://sms4smile.com/quotes/jennifer-granholm/i-ve-we-have-in-this-state-like-many-other-states-we-re-experiencing/)

[Jennifer Granholm](https://sms4smile.com/quotes/author/jennifer-granholm/)

[Image](https://sms4smile.com/quotes/i/fb6/jennifer-granholm-5381_budget-deficit_i-ve-we-have-in-this-state-like-many-oth_1133240.png)

> [I think that's what activates the Tea Party Movement. What they see is the government interfering with their lives and with the…](https://sms4smile.com/quotes/sharron-angle/i-think-that-s-what-activates-the-tea-party-movement-what-they-see-is/)

[Sharron Angle](https://sms4smile.com/quotes/author/sharron-angle/)

[Image](https://sms4smile.com/quotes/i/153/sharron-angle-12344_about_i-think-that-s-what-activates-the-tea-pa_1846415.jpg)

> [For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of…](https://sms4smile.com/quotes/melissa-bean/for-the-last-4-years-our-federal-government-has-produced-the-four/)

[Melissa Bean](https://sms4smile.com/quotes/author/melissa-bean/)

[Image](https://sms4smile.com/quotes/i/041/melissa-bean-20509_biggest_for-the-last-4-years-our-federal-governm_1935691.jpg)

> [The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause…](https://sms4smile.com/quotes/hans-f-sennholz/the-social-and-racial-conflict-which-springs-from-the-redistribution/)

[Hans F. Sennholz](https://sms4smile.com/quotes/author/hans-f-sennholz/)

[Image](https://sms4smile.com/quotes/i/827/hans-f-sennholz-14211_budget-deficit_the-social-and-racial-conflict-which-spr_507742.png)

> [Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break…](https://sms4smile.com/quotes/john-f-kennedy/budget-deficits-are-not-caused-by-wild-eyed-spenders-but-by-slow/)

[John F. Kennedy](https://sms4smile.com/quotes/author/john-f-kennedy/)

[Image](https://sms4smile.com/quotes/i/b2d/john-f-kennedy-246_break_budget-deficits-are-not-caused-by-wild-e_3013714.jpg)

> [Under President Obama, we have spent more money - he has spent more money than any other president in this history, actually,…](https://sms4smile.com/quotes/cathy-mcmorris-rodgers/under-president-obama-we-have-spent-more-money-he-has-spent-more/)

[Cathy McMorris Rodgers](https://sms4smile.com/quotes/author/cathy-mcmorris-rodgers/)

[Image](https://sms4smile.com/quotes/i/88f/cathy-mcmorris-rodgers-5397_actually_under-president-obama-we-have-spent-more_1328958.png)

> [ \[T\]here's a good reason to stay pessimistic about deficits as far as the eye can see. It's called the 'news' media. Legislators… ](https://sms4smile.com/quotes/l-brent-bozell-jr/t-here-s-a-good-reason-to-stay-pessimistic-about-deficits-as-far-as/)

L. Brent Bozell, Jr

[Image](https://sms4smile.com/quotes/i/233/l-brent-bozell-jr-68858_assembly_t-here-s-a-good-reason-to-stay-pessimist_2741813.png)

> [We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is…](https://sms4smile.com/quotes/anonymous/we-cannot-win-the-future-expand-the-economy-and-spur-job-creation-if/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

[Image](https://sms4smile.com/quotes/i/bf9/anonymous-1_budget_we-cannot-win-the-future-expand-the-econ_1757634.jpg)

> [There's no more place in the euro zone for well-meaning laxness when dealing with deficits and failings. If the demands on Greece…](https://sms4smile.com/quotes/peer-steinbruck/there-s-no-more-place-in-the-euro-zone-for-well-meaning-laxness-when/)

[Peer Steinbruck](https://sms4smile.com/quotes/author/peer-steinbruck/)

[Image](https://sms4smile.com/quotes/i/044/peer-steinbruck-31025_acceptable_there-s-no-more-place-in-the-euro-zone-f_3202819.jpg)

> [Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into…](https://sms4smile.com/quotes/peter-welch/yes-it-is-long-past-time-we-get-serious-about-tackling-the-nation-s/)

[Peter Welch](https://sms4smile.com/quotes/author/peter-welch/)

[Image](https://sms4smile.com/quotes/i/c27/peter-welch-23209_about_yes-it-is-long-past-time-we-get-serious_2396886.jpg)

> [At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like…](https://sms4smile.com/quotes/alan-greenspan/at-the-outset-of-the-creation-of-the-euro-in-1999-it-was-expected/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

[Image](https://sms4smile.com/quotes/i/819/alan-greenspan-1834_account_at-the-outset-of-the-creation-of-the-eur_106600.jpg)

> [“These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas.…](https://sms4smile.com/quotes/paul-krugman/these-are-tough-times-for-state-governments-huge-deficits-loom-almost/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/206/paul-krugman-2255_2010_these-are-tough-times-for-state-governme_716537.png)

> [Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the…](https://sms4smile.com/quotes/nouriel-roubini/once-you-run-current-account-deficits-you-depend-on-the-kindness-of/)

[Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/)

[Image](https://sms4smile.com/quotes/i/8f2/nouriel-roubini-15217_accounts_once-you-run-current-account-deficits-yo_707262.jpg)

> [What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.](https://sms4smile.com/quotes/george-soros/what-works-for-germany-can-t-work-for-the-rest-of-europe-no-country/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/b86/george-soros-1593_country_what-works-for-germany-can-t-work-for-th_80051.jpg)

> [Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.](https://sms4smile.com/quotes/xavier-becerra/today-we-have-a-trade-regime-which-has-led-to-the-largest-trade/)

[Xavier Becerra](https://sms4smile.com/quotes/author/xavier-becerra/)

[Image](https://sms4smile.com/quotes/i/001/xavier-becerra-25040_country_today-we-have-a-trade-regime-which-has-l_1596807.jpg)

> [Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.](https://sms4smile.com/quotes/bill-gross/slow-growth-and-inflation-have-a-tendency-to-accompany-large-deficits/)

[Bill Gross](https://sms4smile.com/quotes/author/bill-gross/)

[Image](https://sms4smile.com/quotes/i/4a2/bill-gross-13827_accompany_slow-growth-and-inflation-have-a-tendenc_1544596.png)

> [“If you want more from life — start by counting your blessings instead of counting your losses, deficits and wants.”](https://sms4smile.com/quotes/bryant-mcgill/if-you-want-more-from-life-start-by-counting-your-blessings-instead/)

[Bryant McGill](https://sms4smile.com/quotes/author/bryant-mcgill/)

[Image](https://sms4smile.com/quotes/i/866/bryant-mcgill-108_blessings_if-you-want-more-from-life-start-by-coun_1473645.jpg)

> [I keep telling people I want to close the deficit, and one of the deficits is want to close is the fun…](https://sms4smile.com/quotes/hillary-clinton/i-keep-telling-people-i-want-to-close-the-deficit-and-one-of-the/)

[Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/)

[Image](https://sms4smile.com/quotes/i/467/hillary-clinton-51_deficit_i-keep-telling-people-i-want-to-close-th_1184920.jpg)

> [“By the deficits we may know the talents, by the exceptions we may know the rules, by studying patholgoy we may construct…](https://sms4smile.com/quotes/laurence-miller/by-the-deficits-we-may-know-the-talents-by-the-exceptions-we-may-know/)

Laurence Miller

[Image](https://sms4smile.com/quotes/i/3c9/laurence-miller-255609_deficits_by-the-deficits-we-may-know-the-talents_2698121.jpg)

> [Well, I think what we need to remember is that budget deficits can impede economic activity.](https://sms4smile.com/quotes/anonymous/well-i-think-what-we-need-to-remember-is-that-budget-deficits-can/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

[Image](https://sms4smile.com/quotes/i/ab3/anonymous-1_activity_well-i-think-what-we-need-to-remember-is_2192994.jpg)

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                        "text": "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.",
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                        "text": "I think that's what activates the Tea Party Movement. What they see is the government interfering with their lives and with the inheritance of their children. Are we going to pass down liberty or deficits? And that's really what this movement is about.",
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                        "text": "For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of $423 billion is projected to be the largest of all.",
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                        "text": "The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause budget deficits to soar. The U.S. dollar, which has become a mere corollary of government finance, is likely to survive the soaring deficits.",
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                        "text": "Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.",
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                        "text": "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.",
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                        "text": "[T]here's a good reason to stay pessimistic about deficits as far as the eye can see. It's called the 'news' media. Legislators who want to get re-elected will clearly want to avoid any spending decision that will create bad national publicity, and our news media, the manufacturers of bad national publicity, will send crying victims down the assembly line at the slightest thought of a social spending cut or freeze. Exhibit A is Sen. Jim Bunning.",
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                        "text": "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.",
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                        "text": "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.",
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                        "text": "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.",
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                        "text": "At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits.",
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                        "text": "“These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. Wait—Texas? Wasn't Texas supposed to be thriving even as the rest of America suffered? Didn't its governor declare, during his re-election campaign, that 'we have billions in surplus'? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years. And that reality has implications for the nation as a whole. For Texas is where the modern conservative theory of budgeting—the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending—has been implemented most completely. If the theory can't make it there, it can't make it anywhere.”",
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                        "text": "Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.",
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                        "text": "What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.",
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                        "text": "Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.",
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                        "text": "Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.",
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