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Budget Deficit Quotes

The politics and math behind a nation's red ink.

One quote frames a colossal budget deficit as a moral issue, arguing citizens have an obligation to pay fair, reasonable dues once debt reaches that scale. Another pushes back on blame, insisting the deficit wasn't caused by children with autism or elderly grandparents needing Balance.

We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast...

Quotes by Rick Perry

I am fairly certain that our budget deficit was not caused by children with autism or 90-year-old grannies in nursing homes, so why take it out on them by cutting services?

Quotes by Lois Frankel

When the country's indebtedness is so colossal and where the budget deficit is so huge, there is a moral obligation on people to pay their fair and reasonable dues.

Quotes by John Caudwell

Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.

Quotes by Francois Hollande

America Quotes

I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're...

Quotes by Chris Christie

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Frequently Asked Questions

Do these budget deficit quotes make a moral argument?
Yes, one quote argues that once national debt reaches a truly colossal scale, citizens carry an ethical duty to contribute their fair share toward paying it down.
Is there a quote defending certain groups from deficit blame?
One quote pushes back directly, stating the budget deficit wasn't caused by children with autism or elderly grandparents in nursing homes, and questions cutting their services to fix it.
Is there an example of a deficit actually being reduced?
Yes, one speaker describes inheriting a $10 billion budget deficit in 2003 and turning it into an $8 billion surplus by 2005 without raising taxes. See the Balanced Budget quotes for the full context.
Do these quotes address deficits outside the United States?
Yes, one references a French proposal to reduce the budget deficit year by year until reaching a balanced budget by 2017, showing the issue isn't only American. See the America quotes for contrast.
What overall view of budget deficits do these quotes give?
They mix moral framing, defensive pushback against blame, and concrete political records, showing deficits discussed as both an ethical and a practical problem.

A specific record is cited too, a $10 billion deficit turned into an $8 billion surplus by 2005 without raising taxes, framed as proof a Balanced Budget is achievable. A French proposal aims for the same goal by 2017, showing the debate reaches well beyond America.