Within 48 hours, he has re-focused the recovery around fiscal policy, rather than publicly fretting about deficits.
Today, they say deficits are all that matters, but still like tax cuts.
But it bears repeating: The miracle cure for deficits—last fiscal year it was $1.089 trillion—is growth and higher taxes.
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.