Nevertheless, a large deficit does mean that an economy and its currency may struggle if foreign-capital inflows suddenly dry up.
The issue for the U.S., though, becomes the fact that we are producing less, spending more, and subsequently running a very large deficit.
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If China were running a large deficit, its currency would now be under severe downward pressure given all the concerns about its economy.
But the numbers show that there is a very large deficit in silver production relative to demand, which is why Buffett went in.
The large deficit in the U.S. current account -- the broadest measure of American trade with the rest of the world -- is also a cause for concern.
The BBC is to publish the names of its highest-paid presenters and performers and it has proposed radical cuts to its staff pension scheme, to cope with a large deficit.
So we have the need to address the current downturn by jumpstarting the economy, and that will necessarily mean some increase in the deficit even beyond the large deficit that we're inheriting.
This makes the London mayoral election result one bright spot in a gloomy overall picture for the Conservatives, who are feeling the effect of voters' dissatisfaction over measures to tackle the country's large deficit.
"It's hardly surprising that in the circumstances of a financial crisis that blew a hole in our material wealth and left us with a large deficit to reduce, people took a somewhat gloomier view then than they had done previously, " he said.
Did running a large budget deficit make the Russian government as accountable and democratic as the Dutch?
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New Delhi, faced with a large budget deficit, has been moving to increase its tax haul in recent months.
That is why nearly all of them ran a large budget deficit in the wake of the global financial crisis.
He said there was strong recent data for the U.S. economy, but the large fiscal deficit "remains a source of tension".
Because, Furman says, the U.S. has a large budget deficit and because the country needs to invest more in health care.
Mr Osborne made his big fiscal decision in 2010, when he announced a rapid timetable for eliminating Britain's large structural deficit.
America's large external deficit could be sustained for years as Asian central banks kept their currencies cheap in order to foster export-led growth.
It says the large fiscal deficit being run by the United States, while beneficial now in stimulating the U.S. economy, raises long-term domestic and global problems.
In the 2010 gubernatorial election, Mr Kasich defeated the Democratic incumbent by promising to address a large budget deficit and stem a tide of job losses.
Individual country trends: Algeria experienced the largest change in national ecological assets balance, moving from a large reserve in 1961 to a large ecological deficit in 2008.
The President of the European Central bank was critical too though in a far more guarded way of countries with a large budget deficit which are borrowing heavily now.
It is essential that Britain cut its large budget deficit, says the fund, though it would prefer a more growth-friendly tilt to austerity, such as cuts in public wages to pay for investment.
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As then, the White House has committed itself to cut taxes at the same time as raising spending, so unless a lot of money can be cut from other programmes a large federal deficit is a likely outcome.
Leaving aside the monetization of debt, using taxes or savings to handle a large fiscal deficit reduces the amount of money available to private investment and therefore curtails the creation of new businesses and limits much-needed increases in productivity.
Although the central bank has managed admirably to protect the country against fallout from the financial turmoil in Russia and to maintain a stable currency, there is nothing it can do about the large budget deficit likely next year.
To quickly explain why this view is certainly not ours, consider that our position is that the abnormally high consumption of US households during the 2000s was matched by an abnormally large trade deficit in goods and that feedbacks among, borrowing, consumption, the dollar, US long term rates, foreign reserve accumulation and other factors worked to keep these two effects moving in tandem.
That is in contrast with the US, with its large current account deficit and its borrowing from China.
So Mr Magalhaes's 30% rise would add 5 billion reais a year to the scheme's already large and growing deficit.
Moderate Republican Senators reduced the tax cut - which Mr Bush believes is essential for reviving the US economy - but half, on the grounds that it would create too large a budget deficit.
However, I do not foresee a very strong dollar this year because the prospect of greater American mercantile pressure ahead of the presidential election should not be underestimated (the bill to impose quotas on steel imports was passed by Congress just before a large January trade deficit).
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