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$5 Trillion deficit impossible to repair?

It can be done!

10-YEAR ESTIMATE OF BUDGET SURPLUS SURGES ONCE MORE
RICHARD W. STEVENSON
Published: December 29, 2000

The Clinton administration handed a parting gift to President-elect George W. Bush today, projecting that the federal budget surplus would swell substantially, to nearly $5 trillion, over the next decade.

Administration officials said they expected the surplus to total $4.996 trillion in the 10 years beginning with the start of the next fiscal year, on Oct. 1, 2001. That amounts to an increase of just over $800 billion from the administration's previous projection, of $4.193 trillion for the 10 years that started this October.

Although such long-range projections are subject to change with ups and downs in the economy and are not a tool of great precision, the new estimates give Mr. Bush more wiggle room in his efforts to convince Congress and the public that his tax cut proposal, valued at some $1.6 trillion over 10 years, is affordable.

http://query.nytimes.com/gst/fullpage.html?res=980CE3DA163BF93AA15751C1A9669C8B63