President Obama said during Tuesday comments on the federal budget that his goal was to fix the economy — not balance revenues with expenditures.
“My goal is not to chase a balanced budget just for the sake of balance,” he said to ABC News. “My goal is how do we grow the economy, put people back to work, and if we do that we are going to be bringing in more revenue.”
I've always thought that "a balanced buget for the sake of balance" is a worthy goal in and of itself. Furthermore, such an astonishing display of fiscal responsibility might so move the private sector that the economy would flourish and Obama would get that "more revenue" he seeks.