After all, theirs was the party that took the Clinton surpluses and turned them into deficits as far as the eye could see.
Within 48 hours, he has re-focused the recovery around fiscal policy, rather than publicly fretting about deficits.
After all, it was Dick Cheney who famously told Treasury Secretary Paul O'Neill that "deficits don't matter."
But it bears repeating: The miracle cure for deficits—last fiscal year it was $1.089 trillion—is growth and higher taxes.
The target ceiling for annual deficits in euro zone countries is 3.5 percent of GDP.
Taxation had been increased; deficits had taken the place of surpluses; no legislative achievements could be discovered.
The money that went to meet these deficits was provided from some source.
So low are the freight and passenger rates that often a tax has to be levied to meet the deficits.
The chief embarrassments have arisen, not from deficits, but from surpluses.
Participation in profits without responsibility as to deficits.
1782, from French déficit (late 17c.), from Latin deficit "it is wanting," an introductory word in clauses of inventory, third person singular present indicative of deficere "to be deficient" (see deficient).
deficit def·i·cit (děf'ĭ-sĭt)
A lack or deficiency of a substance.
A lack or impairment in mental or physical functioning.
A shortage, especially the amount by which a sum of money falls short of what is required; a debt.