From the March 12, 2013 White House press conference:

Q: “When you say balanced, you don’t mean balanced …”

White House press secretary Jay Carney: “I mean a balanced approach to deficit reduction that includes asking everyone to pay their share.”

Q: “But it won’t be a balanced budget, right?”

Carney: “No. What the president’s proposal will do, as his previous proposals have done, is achieve the economically important goal of bringing our debt to GDP down below 3 percent.”

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