Actually, as a percentage of GDP, there were worse deficits under Reagan and Clinton, but be that as it may.
I may not have skills in chaos mathematics, but I do know how things work. The deficit predictions from last August (which the CBO puts out, I think, once a year) do have economic growth built in: a predicted average of about 3 percent. Seen the numbers in the newspapers lately? The next CBO report, probably next August should be interesting.
In the nearer term, all the economic indicators are improving drastically. Let's see what happens when the November unemployment rates are released on Friday.
I don't bet the farm on CBO's predictions of the future anyway.
Uncertainty of CBO's Projections of the Total Deficit or Surplus Under Current Policies
Current Events » in reply to The conclusion is as inescapable as it is unassailable: 2003 will go down as one of the absolute worst years for the federal budget in U.S. history.
Wait for it.