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The question is highlighted 2. Even before our current recession, our long-term budget outlook was troubling. With our annual deficits exceeding $1 trillion starting in

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2. "Even before our current recession, our long-term budget outlook was troubling. With our annual deficits exceeding $1 trillion starting in 2019, and into the foreseeable future, it is essential for the present administration to clearly lay out a realistic plan, showing how they intend to deal with America's long-term fiscal problems, after they have successfully tackled the current recession. The lack of clarity will adversely impact business confidence and interest rates causing damage to the economy." -Explain the above statement

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