The resulting deficit leads to demands to reduce Social Security benefits for everyone.

A large financial deficit led to redundancies and resignations of key staff.

These deficits can lead to difficulty in maintaining normal social relationships over an extended period.

The looming deficit has already led two major bond-rating firms to issue warnings about the state's credit.

Growing deficits led the state to impose a financial oversight board in 2003, which limited the mayor's control over spending.

Such large deficits lead inevitably to disaster, said a senior economist at an international economic organization.

Buffalo's growing deficit led to state imposition of a financial control board more than a year ago.

In the past, deficits this large have always led to a currency plunge.

In the long run, lower deficits and debt would have led to relatively higher growth estimates.

Meanwhile the deficits led to a boom in consumer spending.