Gale, William; Orszag, Peter - In: The Economists' Voice 1 (2007) 2, pp. 6-6
Under reasonable projections, the unified budget deficits over the next decade will average 3.5 percent of GDP. Compared to a balanced budget, the unified budget deficits will reduce annual national income a decade hence by 1 to 2 percent (or roughly $1,500 to $3,000 per household per year, on...