Definition of Deficit

Deficit

Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc.

Related Definitions:

Amount, As, Deficiency, Deficit, Falling, In, Lack, Or, Quality, Revenue, Short

Deficit Quotations

I am not worried about the deficit. It is big enough to take care of itself.
Ronald Reagan

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
Warren Buffett

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
Ron Paul

And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
Barack Obama

Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine. It may make you feel like you're flying high at first, but it won't take long before you feel the impact.
Barack Obama

What we're discussing privately and publicly, is a budget which is a blueprint for the future which creates jobs, which educates our children, which provides healthcare for all Americans, which takes our deficit down, which gives a tax cut for 95% of the American people.
Nancy Pelosi

With attention deficit democracy, I am trying to wake up people to how the combination of mass ignorance, fear mongering by the government, and lying politicians is putting our entire system of government to a death spiral.
James Bovard

Canada is in budgetary deficit now only because of the recession, only because of stimulus measures, and we will come out of it. We will go back into surplus position when the economy recovers. So there is no need in Canada to raise taxes.
Stephen Harper

To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
Sarah Palin

Whether they run a record company or a grocery store, every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now, not next year.
Simon Cowell

Everyone I know has attention deficit, and they say it with great pride. It's a bad time to be right.
Joni Mitchell

I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.
Chris Christie

It is vital that we get these policies right as we take forward our plans to drive down the deficit and transform our economy.
David Cameron

The folks celebrating Jim Bunning are seeing him as an anti-government, anti-spending activist. But to embrace Jim Bunning is to embrace a strange record, if you really are a libertarian, if you really are a deficit hawk, if you really care about spending and responsibility.
Rachel Maddow

For the first time in 15 years, Georgia this winter has its electric power guaranteed without deficit. This is a historic achievement.
Mikhail Saakashvili

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.
Rick Perry

We can't have deficit spending in Texas. You have to balance your budget every two years.
Rick Perry

The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
Paul Ryan

One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11.
Dick Cheney

We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.
Debbie Wasserman Schultz

We're going to need to absorb some pain. The Republicans want to pile all the pain on people who can least afford it and the middle class and Democrats under his leadership want to make sure that we can address deficit reduction and continue to make investments and shared sacrifice is going to be imperative in order to be able to do that.
Debbie Wasserman Schultz

While there are no easy solutions to this problem, the Deficit Reduction Act gets us started in the right direction by beginning with the most obvious, commonsense reforms to save taxpayer dollars.
Jim Ryun

The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect.
Sam Ewing

I am a deficit hawk.
Dick Cheney

We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.
Xavier Becerra

The president has been a true friend of the ag industry, because he continues to invest large amounts of money at a time when savings is really the goal of the federal government to deal with the deficit.
Mike Johanns

I believe that we should allow younger workers to contribute toward a personal account that they own, as long as it is coupled with deficit reduction measures that enhance the long-term condition of Social Security.
Cliff Stearns

Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as "deficits as far as the eye can see." But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?
Karl Rove

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.
Jennifer Granholm

The more competitive value of the dollar turned around the trade deficit.
Martin Feldstein

More Deficit Quotations

Deficit Translations

deficit in Danish is deficit
deficit in Dutch is kastekort, deficit, tekort
deficit in German is Defizit, Fehlbetrag
deficit in Italian is deficit, deficit
deficit in Norwegian is underskudd
deficit in Swedish is underskott

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