"We can't keep creating deficits, then making cuts and then creating more deficits and more cuts".
"Regrettably, the Bush plan won't create jobs now, but will create deficits as far as the eye can see".
He even voted for some of my budgets, which have created deficits as far as the eye can see!
He said the Legislature's $92.8 billion budget was unbalanced, would worsen the state's financial crisis, the worst since the Great Depression, and create deficits in future years.
Mr. Obama's remarks came a day after the Congressional Budget Office released projections that the White House's tax and spending plans would create deficits totaling $2.3 trillion more during the next decade than the president's budget had projected.
"The president's own fiscal policies, especially his tax cuts, have created deficits so large that they now tie his own hands," said Thomas S. Kahn, staff director for Democrats on the House Budget Committee.
WASHINGTON — The Congressional Budget Office placed a new hurdle in front of President Obama's agenda on Friday, calculating that the White House's tax and spending plans would create deficits totaling $2.3 trillion more than the president's budget projected for the next decade.
It is nothing but grandstanding for members of both parties to vote routinely for legislation that they know will create deficits and then profess shock and horror that the debt limit must be increased as a consequence.
However, sooner rather than later, these measures lost their effectiveness, and in the absence of long-term measures, social unrest increased while the costs created deficits.
Most peacetime administrations and their Congresses have not created deficits: It's really a problem of the last few decades, and it's one anchored not in discretionary spending but entitlement demographics and defense expenditures.
