True, Obama cheekily dismissed budget projections (and hence, implicitly, budgets in general) last Tuesday night, but for those of us who think that some sort of educated guesswork is more useful than walking blindly into the future a la Bush, the CBO is a pretty respectable, non-partisan source of such stuff.
With output at potential starting in 2015, the CBO's baseline projection is a 2% structural deficit from then on... and a 4% and worsening deficit under the President's Budget.
So true, as Obama said, there will be deficits with or without his budget... it's only that, with it, they are worse and keep getting worse.
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