“Today, we take in roughly $5 trillion and spend $7 trillion every year. […] Our deficits are about 6% of our total economy 6% of GDP […] It is absolutely critical that we begin to reduce our deficits and move down to about half of what the deficit is today as a percent of GDP […] I think it's really important to make that statement.”
Smucker will work to reduce federal deficits from about 6% of GDP to about 3% of GDP.
Occurrences
Evidence
verified · Source version 70610 · locator 117
should reduce and maintain the Federal unified budget deficit at or below 3 percent of gross domestic product.
unverified · Source version 70612 · locator unknown
the deficit is 5.8 percent of gross domestic product (GDP) in 2026 and increases to 6.7 percent in 2036.
Assessments
The verified commitment is an outcome-oriented promise to reduce the federal deficit to roughly 3% of GDP. The only verified passage provided shows language supporting a 3%-of-GDP deficit target, but it does not verify enactment, actual deficit reduction, or Smucker's material role in advancing the measure. With no verified evidence that the promised outcome occurred and no expired deadline, this remains unresolved rather than never or partial.