Apropos inflation, the government could try to inflate its way out of this crisis, covering the deficit by printing money.
So it brings in a little more revenue, and the CBPP wants that revenue to go straight to deficit reduction.
And the weak economic recovery makes this hard task even harder in other deficit countries like the U.K.
1782, from French déficit (late 17c.), from Latin deficit "it is wanting," an introductory word in clauses of inventory, third person singular present indicative of deficere "to be deficient" (see deficient).
deficit def·i·cit (děf'ĭ-sĭt)
A lack or deficiency of a substance.
A lack or impairment in mental or physical functioning.
A shortage, especially the amount by which a sum of money falls short of what is required; a debt.