Robert Gibbs, Press Briefing by Press Secretary Robert Gibbs…
“ Each of those years would represent roughly a trillion dollars in lost output -- what the economy would produce and what the economy could produce with a significant stimulus.You could imagine what would happen to our deficit if 5 million more people are applying for unemployment claims -- the money that has to go along with that, the spending that would be involved in that -- as well as what would happen to tax receipts if economic output was, over the course of three years, $3 trillion less than what that economy could produce.Our failure to act is going to worsen the deficit. ”
