Based on our projections right now, we're still showing a small deficit of $7 billion in 2016-17, so we don't actually get to total budgetary balance at the federal level over our medium term. From my point of view, as we look at the data, we see a cyclical balance that more or less is eliminated, a structural deficit that's more or less eliminated. The fact that we're talking about something less than 0.5% of GDP, for most economists--again, we're talking about a $2.1 trillion economy--it's close enough to balance to satisfy most people. We are within that kind of difference; it's quite small.
On November 2nd, 2011. See this statement in context.