There's a question of what a budget deficit is. One website defines it this way:
The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. also called deficit or deficit spending. opposite of budget surplus.
Another site agrees:
The amount by which government spending exceeds government revenues.
Nobody seems to say that deficits are good, only necessary at times (say war, or during economic downturns like now). Arguments are made over which way will bring in more revenue, like making the rich pay more, or reducing taxes generally to encourage commerce (thereby producing more in income and business taxes). But rather than tax cuts, I want to see the government spend less. The fiscal troubles of government will never end until the funding is cut off. The government has to take the money from people before it can give it back to us. This reminds me of a quote by Edwin Feulner: "The best way to put more money in people's wallets is to leave it there in the first place."
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