Failure to Rise

By PAUL KRUGMAN
Published: February 12, 2009

The Congressional Budget Office, not usually given to hyperbole, predicts that over the next three years there will be a $2.9 trillion gap between what the economy could produce and what it will actually produce. And $800 billion, while it sounds like a lot of money, isn’t nearly enough to bridge that chasm.

http://www.nytimes.com/2009/02/13/opinion/13krugman.html?em