-The Washington Post, August 1, 2010 by William G. Gale
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/30/AR2010073002671_pf.html
Based on projections by the CBO, Alan Auerbach of the University of California at Berkeley and myself, among others, even if the economy returns to full employment by 2014 and stays there for the rest of the decade, the continuation of current fiscal policies, including the Bush tax cuts, would lead to a national debt in the range of 90 percent of GDP by 2020.
-Bloomberg Businessweek, August 5, 2010 by Peter Coy
http://www.businessweek.com/print/magazine/content/10_33/b4191056654282.htm
One problem with extending the cuts is that it doesn’t send much of a signal about fiscal fortitude. That’s why economist Alan Auerbach of the University of California at Berkeley argues for coupling the extension with a major deficit-reducing measure that would kick in a couple of years from now—say, an increase in the Social Security retirement age.