The old orthodoxy held that one had to cut the deficit raise taxes or cut expenditures to restore confidence.

When you cut taxes, you get lower revenue, which means a bigger budget deficit.

If the presidential promise to reduce the fiscal deficit was really a commitment to cut spending and raise taxes, we could see today s dangerous deficit trajectory be reversed.

Technically, reducing a deficit is a straightforward matter one must either cut expenditures or raise taxes.

He then announced a bold consolidation program to cut the cyclically adjusted deficit by 1.5 of GDP per year, thereby targeting a deficit of 3.5 of GDP in 2013.

The US should cut its budget deficit, increase its saving rate, and generally get its own house in order.

When America went to war, there was a deficit. Yet remarkably, Bush asked for, and got, a reckless tax cut for the rich.

If the government tries to cut its deficit, households and firms will have to tighten their purse strings, resulting in less total spending.

Moreover, the Bush administration cut taxes for the rich as it went to war, despite running a budget deficit. As a result, it has had to use deficit spending much of it financed from abroad to pay for the war.

And a massive default, together with a very large sustained cut in the annual budget deficit, is, in fact, needed to restore Greek fiscal sustainability.

Reducing the budget deficit by 10 of GDP would mean an enormous cut in government spending or a dramatic rise in tax revenue or, more likely, both.

Facing a massive deficit, the government cut industrial investment from 38.9 to 7.1 billion yuan from 1960 to 1962 (an 82 decrease the 1957 level was 14.4 billion).

In contrast to monetary policy, the US president does have a powerful and direct impact on future fiscal deficits. If the presidential promise to reduce the fiscal deficit was really a commitment to cut spending and raise taxes, we could see today s dangerous deficit trajectory be reversed.

BERKELEY The United States is beset by four deficits a fiscal deficit, a jobs deficit, a deficit in public investment, and an opportunity deficit.

The German government s anger with Greece reflected the public mood and Chancellor Angela Merkel s own pressing need to cut the country s budget deficit by reforming social security, pensions, education, and banking.

This deficit reflects an underlying research deficit.

That restructuring will occur, deficit spending or no deficit spending.

There is both a knowledge deficit and an understanding deficit.

The Energy Deficit

The Skills Deficit

The counterargument hinges on the difference between the current account deficit and the trade deficit.

Thus, in order to keep the current account deficit stable, the trade deficit must shrink.

The Global Trust Deficit

Attention deficit hyperactivity disorder predominantly inattentive (ADHD PI), formerly attention deficit disorder (ADD), is one of the two types of attention deficit hyperactivity disorder (ADHD).

But it did not. Some economists claim that governments faced a balance of risk in 2010 Cutting the deficit might have slowed growth but not committing to cut it might have made things even worse.

But none of these is the deficit that really matters. The deficit that prevents Europe from drawing a line under its crisis is a deficit of trust.

Second, the International Monetary Fund, under the G 20 s Mutual Assessment Process, suggested that the United States cut its fiscal deficit by 3 of GDP more than planned over 400 billion in additional cuts per year.

Romney has provided few details about his deficit reduction plan. But, based on what he has revealed, we know that it would increase the jobs deficit, the investment deficit, and the opportunity deficit, with negative consequences for future growth and prosperity.

Additional deficit spending

Europe s Trust Deficit

Europe s Vision Deficit

The Sino American Trust Deficit

The budget deficit, unsurprisingly, ballooned.

The Dangers of Deficit Reduction

What is the Deficit Endgame?

Simpson never met an unfunded tax cut proposed by a Republican president that he would vote against, and he never met a balanced deficit reduction program proposed by a Democratic president that he would support.

But, based on what he has revealed, we know that it would increase the jobs deficit, the investment deficit, and the opportunity deficit, with negative consequences for future growth and prosperity.

Europe s Pointless Deficit Targets?

America s Misplaced Deficit Complacency

Closing Europe s Defense Deficit

Global Warming s Technology Deficit

Latin America s Education Deficit

Closing America s Jobs Deficit

This is economists polite code for the message that the US must gradually cut its budget deficit, while other countries like China and Japan must gradually let the value of the dollar fall and that of their own currencies rise.

The Making of China s Trade Deficit