""Grim" doesn't seem to be a terrifying enough word to describe the budget outlook that the CBO released Wednesday. Oh, sure, we sort of knew this was coming--tax cuts are expensive if you don't find spending cuts to match. And yet the numbers still hit one like a punch to the gut. From a guy wearing brass knuckles. Wrapped around a roll of quarters. Shiny new quarters that you can't really afford to use for punching people, because you've got a $1.5 trillion budget deficit this year..."
at http://www.theatlantic.com/business/archive/2011/01/us-budget-deficit-to-pass-15-trillion-this-year/70317/
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