Margaret Thatcher hated deficits with all the power that a grocer's daughter might be expected to hate indebtedness.
Stephen Roach pointed out that the United States has trade deficits with 90 countries around the world.
Today the dollar is worth barely one-fourth what it was then, and our trade deficits with Japan still persist.
There is a clear upward trend in the goods-trade deficits with both other European Union countries and the rest of the world.
Although China runs a large trade surplus with America, it runs deficits with other Asian countries from which it imports capital equipment and components.
Can he make up for his deficits with small-town, white, rural voters by expanding the electorate, or does he have to do something different with his message?
Where we can overcome the deficits with growth.
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How the above works in practice is that most of us run trade deficits with our landlords, clothiers, restaurants and appliance stores, yet we finance those alleged deficits with the surpluses we run with our employers.
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However, a country with chronic deficits must pay for those deficits with capital inflows from our trading partners, and the capital inflow will tend to put downward pressure on interest rates and be stimulative to the domestic economy.
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To be sure, southern European countries are running huge trade deficits with the northern tier (especially Germany), but as long as all are tied together by the common currency, internal cost and price adjustments (deflation in the south, inflation in the north) will be slow and painful, and will do little to spark growth for Europe as a whole.
And lastly, over the objection of some in my own party when I suggested -- when we suggested it was by -- establishing by executive order a bipartisan commission to gain control of our deficits with the requirement of bringing down the deficit to 3 percent of GDP by 2015 to create some backfire to force these increasingly and still remaining difficult decisions.
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For the authors, their trade deficits with Cambridge restaurants, airlines taking them to junkets around the world, and Newbury Street clothiers are their certain rewards for trade surpluses run with their employers at HBS, the publisher of their book, and the businesses that pay them consulting fees in return for the kind of advice that would bankrupt most any business if actually followed.
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Obama and congressional Democrats are locked in a fierce political debate with Republicans over government spending and federal deficits, with a showdown pending on mandatory spending cuts set to take effect March 1.
But the politics of dealing with chronic deficits is fraught with hard choices and therefore it's treacherous to officeholders here in Washington.
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The focus once again has been on the country's massive trade and budget deficits, with predictions of more dollar weakness to come.
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We can see a similar sort of thing today, where the U.S. government has been running very large budget deficits, with the resulting bond issuance in large part absorbed by foreign central banks.
In Washington, Congress remains at an impasse on when and how to begin cutting the record federal budget deficits, with proposals from both sides seemingly intending to kick the can down the road with relatively small cuts in each of the next two years, and more substantial cuts delayed to the years thereafter.
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The EU is in the grips of a major financial crisis with out-of-control PIIGS debt and deficits, especially with Greece at the moment.
Circumstances today are different, they argue: European governments began with higher debt and deficits, leaving them with less room for manoeuvre.
If we do not, we are going to continue to fight for that, because we have to deal with our deficits, we have to deal with our debt, and we have to do it in a balanced way.
The result of robust exports and weak imports linked to anemic domestic spending is its perennial current account surpluses, which, along with earlier high saving by households and now by businesses, allow it to finance its huge government deficits internally, with foreigners owning only 5%.
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Tax revenues are down, non-discretionary spending is up and budget deficits are back with a vengeance.
In the interbank market the Bank of Japan repeatedly has had to supply funds to keep afloat institutions with deficits.
On some issues, they were viewed as like-minded, a pair of Scrooges concerned with deficits and more hesitant to embrace expensive programs.
As with deficits, failure to redress excessive imbalances is subject to punishment.
Our columnists disagree, but the weight of opinion is that it will keep falling because of war, trade deficits and fatigue with American equity markets.
There are plans for a new treaty that would act somewhat like a fiscal union in which one rule would dole out big penalties to countries with deficits bigger than 3% of GDP.
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They point to record deficits in developed countries, governments racking up trillions of dollars in additional debt each year along with huge trade deficits.
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