Yes. Deficits matter tremendously. I think that, really, the analogy is no different from that of an individual who has to borrow. I think we have to be able to manage it. As we see in Europe and other places, when the deficit is out of control and we're borrowing, and the risk to our repaying those borrowings gets greater, the interest cost gets greater and we have an effective loss of revenue in the form of interest. Deficits are a hugely important thing. Trying to manage them and keep them under control is very important.
On October 23rd, 2012. See this statement in context.