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I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.

When the economy is growing, there's a lot that can be done to deal with the deficit.

I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

The financial report makes it very clear that if we got into honest budgeting today, that in fact we would find ourselves with a much larger deficit than we have today.

A budget matters to Americans who can't afford to see their taxes go up or lose the jobs that would be destroyed in the process.

The best way to deal with the deficit is through economic growth.

The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

But if they want to really think about the fiscal future of this country, then think about how we have moved from hundreds of billions of surpluses to hundreds of billions of deficits.