--- title: "Meaning & Key Takeaway of: The deficit - the U.S. knows our deficit…" description: "\"The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal ye..." image: "https://sms4smile.com/quotes/i/0d5/john-w-snow-20943_below_the-deficit-the-u-s-knows-our-deficit-is_785331.jpg" --- # The deficit - the U.S. knows our deficit is too large. We… ![“The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.” quote by John W. Snow](https://sms4smile.com/quotes/i/0d5/john-w-snow-20943_below_the-deficit-the-u-s-knows-our-deficit-is_785331.jpg) [Download](https://sms4smile.com/quotes/i/0d5/john-w-snow-20943_below_the-deficit-the-u-s-knows-our-deficit-is_785331.jpg) [Open image](https://sms4smile.com/quotes/i/0d5/john-w-snow-20943_below_the-deficit-the-u-s-knows-our-deficit-is_785331.jpg) > “The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.” [John W. Snow](https://sms4smile.com/quotes/author/john-w-snow/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The speaker acknowledges the large deficit but claims progress in reducing it, emphasizing commitment to fiscal responsibility. **In simple terms:** The deficit is big but being cut. Key Takeaway Continue reducing spending and increasing revenue. Themes fiscal policy budget government finance Mood cautious determined Type political economic When to use this quote - budget planning - policy making - public budgeting - tax reform - spending cuts Key Concepts deficit reduction budget balancing public debt economic stewardship Questions to Reflect On - How sustainable are the current cuts? - What long‑term reforms are needed? A Different Perspective Numbers may mask underlying structural deficits and political constraints. ★ ★ ★ ★ ★ No ratings yet [Considerably](https://sms4smile.com/quotes/about/considerably/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [Obama did inherit a deficit when he came into office. 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