A Lot of Money

Can anybody get their brains around the kind of numbers in President Obama's budget?

an astonishing $1.75 trillion federal deficit that would be nearly four times the highest in history. [and about 12% of GDP, highest since 1945]

the plan would close the deficit to a a more reasonable — but still eye-popping — $533 billion after five years. That would still be higher than last year's record $455 billion deficit. [3/4 of the reduction will come from reduced spending in Afghanistan and Iraq]

And the national debt would more than double by the end of the upcoming decade, raising worries that so much federal borrowing could drive up interest rates and erode the value of the dollar.

Also, to narrow the budget gap, Obama relies on rosier predictions of economic growth — including a 3.2 percent boost in the economy next year — than most private sector economists foresee.