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"But how these deficit trends are addressed can have profound economic effects," Mr. Greenspan said.
Where were these deficit hawks when the previous administration was turning a budget surplus into the largest deficit in history?
Obama believes these deficit levels are tolerable if he can fix the long-term fiscal situation, but he hasn't been happy about them.
Mr. Paul, with his proposed trillion-dollar budget cut proposal, attracted almost 3 in 10 of these deficit hawks, about equal to Mitt Romney's draw.
"These deficit numbers are just the latest reminder that what many of us have expressed concern about is becoming even more of a problem," said Senator Tom Daschle of South Dakota, the Democratic leader.
Given the outlook for the global economy and for international oil prices, these deficit projections look optimistic; the actual deficit is likely to be far higher than the government is willing to admit.
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And why do we have these deficits?
It's what helped lead to these deficits.
These deficits are somewhat lower than were forecast in February.
The economy could indeed outgrow these deficits over the next decade.
And that Mr. Daniels scoffed at the idea that these deficits would hurt the economy?
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CEO of Professional Science Editing for Scientists @ prosciediting.com