Joshua Bolten Declining Quotations

Right now we see ourselves on a continuing declining path in the deficit out over the next several years toward the 2009 goal that the President talked about, ... This kind of spending adds a challenge to us in meeting those goals, but I don't think it's a long-term challenge. I think the kind of spending we're talking about here is something that will be a concern in the next year or two, and not long run for the economy.

The federal budget picture is ... is steadily declining out over the next five years ... toward the President's goal of cutting the deficit in half, ... I feel confident that we will remain on that path as long as we have continued good economic growth.