Alan Auerbach Predicts Steep Federal Deficits

The Christian Science Monitor, August 3, 2009 by Mark Trumbull
http://features.csmonitor.com/politics/2009/08/03/read-their-lips-mixed-signals-from-obama-team-on-taxes/

The federal deficit “is projected to 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,” economists William Gale of the Brookings Institution and Alan Auerbach of the University of California, Berkeley, concluded in a study earlier this year.