“A New Era Of Responsibility”

A reader writes:

I see in Table 8.8 of the budget that the White House assumes real GDP growth of 3.2% in 2010, 4.0% in 2011, 4.6% in 2012 and 4.2% in 2013. I leave it to your imagination what the deficits would be if they had made more realistic assumptions.

And: very nearly 50% 33 percent of expenditure in 2010 will be financed by borrowing. I wonder what that number will be in 2011.