WASHINGTON (AP) - It could be a record-breaker when President
Barack Obama proposes his 2011 budget, but the record has
economists expressing concern.
A congressional official who had access to a White House summary
document says the $3.8 trillion budget Obama is expected to release
today predicts the national deficit will be a record-breaking $1.6
trillion. Then it'll start to recede in 2011 to just below $1.3
The administration's new budget says over the next decade
deficits will average 4.5 percent of the size of the economy.
That's a level that economists say is dangerously high if not
The information also mentions an additional $100 billion to
attack high unemployment.