• Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

    Peter R. Orszag: Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
    "The Situation Room" with Wolf Blitzer, www.realclearpolitics.com. November 12, 2009.