On Friday, the Congressional Budget Office projected a record $1.8 trillion deficit for the current fiscal year. It will be $1.4 trillion next year and it won’t get much lower for at least a decade? What do these numbers tell us? What’s to blame? How long can we sustain this much red ink? What is the financial impact of Obama following through on his big ticket items like cap and trade and government-run health care? We ask J.D. Foster, senior fellow in economic policy at the Heritage Foundation.
