The Budget Deficit according to WSJ

55 economists participated in a Wall Street Journal survey about the priorities of a second Bush term.

Shockingly, the majority cited the "yawning budget deficit" as their biggest concern.

"...the economists caution that the deficit is likely to be a persistent long-term problem and they don't expect the president to have as much success in dealing with the deficit as he will have in addressing other economic issues."

"The budget deficit is a particularly intractable issue, economists say, because of continued spending demands."

""The bottom line here is, if we don't get a significant narrowing of the budget deficit, you're going to have increasing upward pressure on interest rates. That will increase private savings in the economy, but it will also slow the rate of the growth of the economy."

Told ya so.