Deficits

Americans accumulated their trade deficits by living far beyond their means.

Lower taxes don't cause deficits.

How can elected officials rage about deficits when we propose to spend money on preschool for kids, but not when we're cutting taxes for corporations?

Are trade deficits good or bad?

Algeria needs to eliminate its deficits.

Algeria needs to reduce its deficits.

Instead of focusing on your deficits, what are your strengths?

A devalued currency makes Chinese exports cheaper and more affordable to consumers worldwide, while boosting the price of U.S. exports to China. For decades, the United States has consumed more foreign goods than it exports, incurring massive trade deficits. One of America's largest trade imbalances is with China.

Mr. Harper's point is that cutting deficits too little or too slowly hurts investor confidence. But if nations make the cuts too deeply or too quickly, they risk losing the potential economic stimulus generated by government spending, something that critics say could push the global economy back into recession.