He said conservatives who complain about the administration's deficit spending are missing the facts.
Spending and deficit reduction negotiations began last year, and the Administration has been consistent in measuring deficit reduction from the beginning from that point.
Between 1992 and 2000, for example, the Clinton administration turned a worrying budget deficit into a handsome surplus.
And that suggests that should Congress and the next administration engage in a major deficit reduction plan, long-term care needs could easily be ignored, swept away by much more powerful tides of fiscal austerity.
FORBES: Long-Term Care: A Forgotten Issue in the Presidential Campaign
How did the Administration choose the magnitude of the deficit reduction sought in this plan?
But in 2003, in an effort to minimize the federal deficit, the Bush Administration persuaded Congress to shift the full cost of the pensions onto the already strapped USPS and ultimately onto postal patrons.
Mr. Najib laid out ambitious plans for his next administration, such as reducing the fiscal deficit to 3% of GDP from the current 4.5%.
When this Administration set out to cut the budget deficit that we inherited, our original plan called for roughly equal spending cuts and revenue increases (with spending cuts in fact slightly larger).
The 2010 Deficit Commission, Congress and current administration want fundamental tax reform, closing tax loopholes and lowering income tax rates.
It is a tempting notion for small businesses struggling with the tax increases and spending cuts imposed by Mario Monti's technocratic administration in an effort to reduce the budget deficit.
Meanwhile, the administration plans to begin to reduce the fiscal deficit in 2012 and bring it below 4% of GDP by 2014 by adopting fiscal consolidation measures and reducing the primary deficit.
Furthermore he wants us to also have faith that the Obama administration can grow the economy so that the deficit sooner rather then later drops to what he considers a sustainable half a trillion a year.
FORBES: Drink Krugman's Kool-Aid If You Think Governments Manage Economies Better Than Markets
With lending rates at such lows, why does the Administration believe it is even necessary to reduce the deficit at this point?
The current administration again wants us to believe that while the deficit will be up this year, next year it will drop.
At the time, with a Republican in the White House and Democratic-controlled Congress, the two parties were divided on how to deal with a deficit that had tripled during the Reagan Administration.
FORBES: New Deficit Solution? If It's Expensive, Tax It More
He would certainly welcome a congressional package of that legislation to achieve the goal he set out, which is to avoid the sequester so that Congress, working with the administration, can take action to further reduce our deficit in a way that helps our economy grow, that helps expand the middle class and create ladders of opportunity for Americans who aspire to the middle class.
The tariff on paper products announced by the administration Friday is a significant first step in reducing that deficit.
The administration no doubt hopes this will help play down the deficit implications.
The administration lays much emphasis on the elimination of the budget deficit.
The General Administration of Customs, while announcing the first quarterly trade deficit since the first quarter of 2004, blamed rising prices for boosting imports.
Ali Velshi, CNN senior business correspondent, argues that the deficit problem is a must-tackle for any administration.
CNN: Read his lips: Does tax pledge put Obama on shaky ground?
The risk, of course, is today's opportunities will tempt the administration to overreach, lifting government spending so high that the deficit hangover at the other end of the cycle is intolerable, or injecting government so far into the marketplace that bipartisan support evaporates.
And that would give a boost to confidence that the administration is really focusing on bringing down the out-year fiscal deficit.
WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House
The White House will stress what Mr. Plouffe called "smart" deficit reduction, meaning a plan that avoids cuts to administration priorities such as spending on education and infrastructure.
In other words, the Administration is committed to a health care reform that is at least deficit neutral over 10-years -- and deficit-reducing, potentially to quite a significant degree, over the longer term.
In 2008, the Bush Administration proposed, pushed, and signed the Economic Stimulus Act, a deficit-financed tax cut designed to boost the flagging economy.
Instead of bringing the deficit under control by 2014, as the White House had planned, the administration now says significant reductions won't take place until 2018.
The deficit-reduction deal's spending caps contain an exemption for the Social Security Administration that could allow the agency to quickly ramp up its reviews of recipients' continuing eligibility for disability benefits.
The White House budget proposal is structured in a way that would ramp up spending sharply in the next few years, which administration officials said would spur job growth, while locking in future spending cuts to lower the deficit.
And it is often forgotten by Republican leaders that this is the case, that some of the very Republican leaders in office now who claim as their objective deficit reduction, primary objective, presided over enormous budget-busting legislation in the previous administration.
应用推荐