from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Inadequacy or insufficiency: a deficit in grain production.
- n. A deficiency or impairment in mental or physical functioning.
- n. An unfavorable condition or position; a disadvantage: rallied from a three-game deficit to win the playoffs.
- n. The amount by which a sum of money falls short of the required or expected amount; a shortage: large budget deficits.
- n. A business loss.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Deficiency in amount or quality; a falling short; lack.
- n. A situation wherein, or amount whereby, spending exceeds government revenue.
from the GNU version of the Collaborative International Dictionary of English
- n. Deficiency in amount or quality; a falling short; lack
from The Century Dictionary and Cyclopedia
- n. A failure or falling off in amount; specifically, a financial deficiency: as, a deficit in the taxes or revenue.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. an excess of liabilities over assets (usually over a certain period)
- n. (sports) the score by which a team or individual is losing
- n. the property of being an amount by which something is less than expected or required
- n. a deficiency or failure in neurological or mental functioning
Lonely, because some progressives think the term deficit hawk is a pejorative, and many deficit hawks think progressives aren't serious.
If Marr had used the term deficit, you would be correct, but there is a big difference between the deficit and the debt.
If being in deficit is "broke," Bush has already bankrupted the general fund by your logic.
Our pension plan, instead of being in deficit, is actuarially balanced for the next 75 years.
The long-term deficit is driven by the aging of the population as well as by growing health-care costs, both contributing to Social Security and Medicare expenses.
So it goes in Campaign 2010, where cutting the deficit is a big issue, but where support for doing some of the hard things to achieve that is running into politics as usual.
As Matthew says @147 “the deficit is the symptom rather than the cause.”
But the deficit is the symptom rather than the cause.
In economic terms of course a deficit is a deficit, whether primary or otherwise, but to get from Point A to Point B we need to pass through some measurable intermediate stages.
Given that most of the long-term deficit is due to Medicare, has either political party come up with a credible solution?