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There's not a lot of relief in sight. I would not be surprised to see the monthly deficit go above $60 billion by fall, and stay there.

Nariman Behravesh

Higher oil prices and a strong dollar will push the trade deficit to new record highs, with the monthly trade deficit likely exceeding $75 billion by mid 2006.

My expectation was the trade deficit would increase anyway into the low 60 (billion dollar a month) range. A $70 billion (monthly trade gap) sounds like a stretch, but we could be looking at the mid to high 60s now.

We have higher highs for the deficit as we go into the middle of 2006. We have the [monthly trade] numbers getting into the low $70 billion range by the third quarter.

But contrary to the high expectations that China's 1.2 billion population would provide an ever-expanding market for U.S. goods, ... by 2000 the value of goods imported to the U.S. from China exceeded the value of U.S. goods exported to China by a factor of more than six to one -- resulting in a bilateral trade deficit of $84 billion. Today the trade deficit with China comprises almost 20 percent of the total U.S. trade deficit and is the largest trade deficit the U.S. has with any single nation.

Yes, we should consider ways to address the deficit and bring real, direct relief to the gulf region, ... but we must not lose sight of maintaining the infrastructure that supports our economy and way of life.

The administration's forthcoming budget is expected to have approximately $200 billion in missing costs in the fifth year, ... Once these missing costs are taken into account, the deficit is seen as being in the range of $500 billion in 2009, or around 3.5 percent of GDP. That is not close to cutting the deficit in half.

Eight years ago, our future was at risk, ... Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion.

Hillary Clinton (1947-2001)

Hillary Clinton

No one should believe that this vote is about deficit reduction. By insisting on another $70 billion of tax cuts ... the deficit actually goes up.

Ten billion dollars less of deficit means $10 billion less of disposable income ... and a loss of at least 100,000 jobs.

William Vickrey

Our peak demand seasons, when we see the highest diesel prices, are fall and winter. It makes me very nervous to see the prices we are seeing at this time of year, and I'm telling everyone I see no relief in sight.

It gives tax cuts of $70 billion largely to the wealthiest people in America, it increases the deficit by $20 billion and really doesn't help the victims of Katrina,

Six months ago, the McGuinty government said the deficit was $6 billion, then in the budget they said it was $3 billion, and now four months later, they say it's only $1.6 billion,

Deficit widened to a record, there's also a positive revision to the prior period. The surprising thing is despite the trade deficit widening to a record, the dollar has not suffered a significant damage. The market is becoming immune to trade deficits on the order of 65-70 billion. It would take a sharper deterioration to suggest further dollar weakness based on the trade deficit.

We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.

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