Right now our economy does not need less "federal deficit," it needs less "demand deficit".
"We need deficit reduction," he said.
It shares the pain of needed deficit reduction, while protecting the most vulnerable and maintaining investments in our future productivity.
Once balance sheets are sufficiently repaired, private demand should recover, and the federal government will no longer need deficit spending to keep the economy afloat.
The story of the grand bargainers is that they claim to recognize that we really don't need deficit reduction now.
By contrast, the Toomey plan would have left most of the needed deficit reduction for the future (it would have achieved, at most, $1.5 trillion in deficit reduction) and secured a scant $300 billion from revenues.
When PLAN facilitators work with families, they frequently encounter people with disabilities whose needs and deficits have been exhaustively documented, but whose interests or abilities have gone unexplored.
Nevertheless, all these four sites have the same needs regarding deficits in infrastructure and qualified health personal.
He could have told them that we need large deficits to fill the hole in demand that was created by the collapse in private sector spending.
To make politicians comfortable with this approach to governance, a theory was needed that "deficits don't matter".
