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.”