Temporary deficits, resulting from war and recession, pose no such threat.

Growing deficits also pose a security threat because increasing foreign indebtedness risks eroding the nation's position in the world.

If not, what dangers do you think large sustained deficits pose for our economy?

The huge Federal debt and the continuing large deficits pose serious threats to the purchasing power of the dollar.

For three decades, six presidents have come before you to warn of the damage deficits pose to our nation.

By that standard, deficits in the $200 billion range - the current level - pose no financial problem.

Mr. Greenspan recently warned that the federal deficit, which is expected to surpass $400 billion this year, poses a major obstacle to long-term economic stability.

A larger concern, at least for economists, is the challenge the deficit poses to the dollar.

Both deficits pose a danger for American and world economic growth, said the report, which was published at the fund's spring meeting here.

Their pain would be justified only if the deficit posed an immediate crisis.