In time, all but the six reactors of Fukushima Dai-ichi should come back on line, leaving a baseload generation deficit of roughly 6, 000 mw.

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That generation dealt with a deficit which was roughly 10% of GDP, the same as ours.

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The urgency on cutting the deficit and new debt generation might make loophole closing less impossible that it would be otherwise.

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Neither does deficit spending stimulate the instruments of wealth generation.

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This deficit is set to increase as the baby boomer generation faces retirement.

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But what I've also said is if we're serious about reducing the deficit, if this is genuinely a moral obligation to the next generation, then in addition to some tough spending cuts, we've also got to make sure that the wealthy do a little bit more.

WHITEHOUSE: The White House

One cannot argue that we must reduce our deficit so that we do not leave our children worse off than our own generation while delivering to them a nation of broken down roads and bridges operated by systems that belong to an era that should already be relegated to history books.

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That would be worse for our deficit, worse for business, worse for you, and worse for the next generation.

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Because health care costs keep rising and the Baby Boom generation is retiring, Medicare, we all know, is one of the biggest drivers of our long-term deficit.

WHITEHOUSE: President Obama Speaks at the Associated Press Luncheon