1.   At that point current taxes will no longer cover current benefits, and the Social Security deficit will begin to escalate very rapidly.

2.   Budget deficits began to follow.

3.   But at some point the huge current account deficit will begin to seem important to investors and currency traders.

4.   But for millions of Americans deficits will soon began to pinch, hard.

5.   But with spending to finance both the fighting in Vietnam and the War on Poverty at home, the federal deficit began to grow.

6.   Conversely, the dollar only began to gather strength after President Reagan took office and deficits began to skyrocket.

7.   Finally, given that the federal deficit has finally begun to drop, Democrats can attack Dole for being fiscally irresponsible.

8.   He said if the debt limit is not extended by early November, interest rates would begin to rise and the deficit would begin to grow again.

9.   Japanese officials have insisted the deficit would begin to narrow, however, and in November they were correct.

10.   No wonder the deficit began to scare people so.