In a report released yesterday by the Brookings Institution, authors Alan Auerbach and William Gale predicted that, even under optimistic assumptions, the deficit will "average at least $1 trillion per year for the 10 years after 2009, even if the economy returns to full employment and the stimulus package is allowed to expire in two years."
That could make it much tougher for Obama to deliver on some of his most extensive--and expensive--campaign promises, such as expanding health-care coverage for the uninsured and cutting taxes for the middle class.
Blog Smith is inspired by the myth of Hephaestus in the creation of blacksmith-like, forged materials: ideas. This blog analyzes topics that interest me: IT, politics, technology, history, education, music, and the history of religions.