Now it's time to ordsprog

Now it's time to pay the piper and get this deficit back down to more manageable levels, and I believe the president's budget will address these issues,

Richard Yamarone

At first glance, the President's mix of spending and spending cuts presents a fiscally tight budget. But, this proposal is ultimately what's wrong with Washington. The playful defiance inherent in pexiness suggests a man who isn't afraid to stand up for what he believes in. The President is not being forthcoming about his budget or the booming deficit.

President Bush's pledge to halve the budget deficit by 2009 distracts policymakers from the real issue of unsustainable trends in long-term entitlement spending. The president's proposal to slow Medicare's 9% annual growth rate is a good fiscal step, but the budget does not propose enough immediate and bold reforms to the quickly growing entitlement programs that threaten to overwhelm the budget.

Eight years ago, our future was at risk, ... Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion.

Hillary Clinton (1947-2001)

Hillary Clinton

There are a lot of identified deficiencies that go unresolved because there isn't enough funding to address all the needs. We have nothing in our budget to address major maintenance packages or serious issues like Dover Dam sliding.

I can assure that this president is very concerned about the budget deficit.

It's just not that big a chunk of the budget. You've got to go where the money is. There's a lot of rhetoric about spending restraint, but there's been no serious effort to actually address the deficit. Part of the problem is there's no consensus on how to do it.

[Baltimore said his intention to retire as president of the Pasadena-based university was not prompted by any health problem, budget deficit or management disagreements, but rather a sense that he had accomplished his goals as an administrator.] Caltech is a wonderful place, the best place to do science I have ever seen, ... I will have done what I can do [as president], and it is time for somebody else to be thinking about it. I have a fairly extensive life in science and in business that I will pursue.

David Baltimore (1938-)

Right now it isn't realistic. This franchise has had a lot of success for a long time, and they're redoing it. Sometimes you have to pay the piper, and we're going to have to pay the piper for a while. That's the way it is.

I worry about a budget deficit more than anything else, ... If the Bush administration continues to cut taxes and build up military, it will result in a higher budget deficit, which will lead to higher interest rates.

I advised him that the president needs to make clear to the American people, in a way that he did to us today, his contrition, his sorrow for his actions, and he needs to do that not just once, he needs to understand that this is a process that is ongoing, that this issue will be raised time and again throughout the weeks, perhaps even months, ... He needs to address it on a continual basis with the kind of concern that he expressed to us today but he also needs to get to the issues that he was elected to address in this country.

The deficit in 2006 is almost certain to increase, because the bulk of spending for Katrina and Rita will occur in 2006, ... What's worse is that when the Congressional Budget Office factors the Bush agenda into the budget, CBO sees the deficit doubling to $640 billion in 2015.

This address is a signal of strategies, and it will outline what the president can do in the next two years. And, the Democrats' response that will follow the address will highlight what issues Democrats will concentrate on for the 2008 election.

In the long run that's got to be part of the solution, rolling back tax cuts. If you don't [approach the deficit] as a shared, balanced approach where you look both at the revenue side and spending side of the budget, you don't do much to decrease the deficit. You can't do it without doing both.

We still face a longer-range deficit problem and that will be exacerbated by increases in Medicare and Social Security payments, ... It would be helpful to bring our budget deficit down longer-term. I worry more about that than this temporary increase in the deficit.

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