The money that went to meet these deficits was provided from some source.
Participation in profits without responsibility as to deficits.
The chief embarrassments have arisen, not from deficits, but from surpluses.
Indeed, the New Zealand Treasury may be said to have been cradled in deficits.
Then, of course, every few months, there were deficits which had to be made good.
They know that we don't have deficits because people are taxed too little.
Had, indeed, all his excesses of payment been gathered into one fund, that fund would have covered his deficits ten times over.
One cardinal principle of the greatest English finance ministers has been the avoidance of deficits or undue surpluses.
Taxation had been increased; deficits had taken the place of surpluses; no legislative achievements could be discovered.
The business was carried on by Hessians who worked both ends against the middle, and let the estate foot the deficits.