Tuesday, February 2, 2010

The projected deficit in the coming year is nearly 11 percent of the country's entire economic output.

American deficits will not return to what are widely considered sustainable levels over the next 10 years. In fact, in 2019 and 2020 — years after Mr. Obama has left the political scene, even if he serves two terms — they start rising again sharply, to more than 5 percent of gross domestic product.

 

http://www.nytimes.com/2010/02/02/us/politics/02deficit.html?ref=global-home

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