31. And yet now the amendment passes, having failed in the House through all the years in which the deficit was really out of control. 32. Annual federal budget deficits are only a little more than half what they were when Clinton took office. 33. Another group of countries, including Italy, Spain and possibly Britain and Sweden, will join later when budget deficits are more in order. 34. As a New Jersey taxpayer, it is difficult to intellectually fathom the use of public money for a sports arena when the state deficit is in the billions. 35. As an economic matter, analysts said, the deficit is now so low that it almost does not matter whether it is eliminated. 36. As he saw it, the budget deficits were to be reduced, but not at the price of hurting the middle class. 37. As long as the economy remains strong and the stock market continues to rise, the deficit is unlikely to rise significantly next year, economists say. 38. At present, as capital flees from emerging economies into American banks and securities markets, the deficit is easy to finance. 39. At the moment the U.S. trade deficit is good, not bad, for our economy. 40. Both deficits were late in the second half. |