Ah, The Good Old Days: Massive Budget Deficits Are Returning

Current estimates place the annual federal budget deficit anywhere from 199 Billion to over 300 Billion. This is not even factoring in the cost of the upcoming Gulf II war which will range anywhere from 100 Billion to over 200 Billion, depending on how many resources we commit to rebuilding Iraq after we destroy it. Just for a point of reference: "In 2001, the government ran a $127 billion surplus, its fourth consecutive year in the black." HERE and HERE are the standard Democratic responses to the whole issue.