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The country needs a great deal more than deficit reduction.
But look what this deficit reduction plan alone will do.
Let me be plain about where the deficit reduction comes from.
Obama said that deficit reduction alone is not an economic plan.
But deficit reduction "should not make a bad situation worse".
Now the question is whether the President can actually achieve deficit reduction.
But deficit reduction was only ever intended as a means to an end.
It's special for our economy about to see the largest deficit reduction in 20 years.
Those in the 1990 agreement held, and Congress is more serious about deficit reduction now than it was then.
Now it's a choice of what you want for the future: a deficit reduction or an increase?
With you, I agree as to the importance of deficit reduction.
The problem with the deficit reduction package is not its size.
Half of the Democratic deficit reduction would come from tax increases.
It's easy to forget that deficit reduction is not an end in itself.
And certainly not one that comes close to the President's deficit reduction package.
"But how much deficit reduction we'll see will be decided by the banks."
"The real issue is whether the money goes to deficit reduction.
But we should not stop with investment and long-term deficit reduction.
"If we lost in the House, we'd lose the chance for deficit reduction this year."
But if a choice has to be made, deficit reduction will have less priority.
The hard part is to do deficit reduction, which means spending cuts.
Since 1993, we have all begun to see the benefits of deficit reduction.
This deficit reduction agreement is tough, and so are the times.
Without deficit reduction, there can be no access to international markets.
Deficit reduction, on the other hand, might just end up playing into the hands of the next irresponsible president.