The Congressional Budget Office projects that if the Bush administration tax cuts are extended indefinitely, there could be a 10 year budget deficit of $2.9 trillion. Two economists join Diane to talk about the relationship between government deficits and economic growth.

Guests

  • Peter Orszag director, Office of Management and Budget former director, Congressional Budget Office, and former senior fellow in economic studies at the Brookings Institution and author of "Saving Social Security"
  • Kevin Hassett director, economic policy studies, American Enterprise Institute.

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