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"I don't believe we create a deficit next year".
He opposed Mr Bush's tax cuts because he thought they would create a deficit.
"The prevailing notion is that if you create a deficit, you're going to make up for it later.
The purpose of cutting taxes, I repeat, is not to create a deficit but to increase investment, employment and the prospects for a balanced budget.
To make up the difference, Mr Obama will create a deficit commission by executive order, charged with making recommendations for long-run budget sustainability.
Orszag argued that he needed more support from Washington's deficit hawks, and urged him to create a deficit commission, partly because "it can provide fiscal credibility during a period in which it is unlikely we would succeed in enacting legislation".
Similar(44)
In early 2010 Republican senators, including the minority leader, Senator Mitch McConnell of Kentucky, demanded that Mr. Obama endorse bipartisan legislation to create a deficit-reduction commission.
Mr. Conrad and others have indicated they will not endorse an increase without action on an amendment to create a deficit-reduction panel.
Purpose: The amendment would create a deficit-neutral reserve fund for legislation that would break-up too-big-to-fail financial institutions that pose a catastrophic risk to the economy.
"It could be that the board is creating a deficit, or drawing down the reserve fund.
The Chancellor's short-term obsession to close the fiscal deficit today is creating a deficit with the future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com