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.
director, economic policy studies, American Enterprise Institute.
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"