Yes. The range as you get out gets further and further. Thank you for that.
I'm also concerned about these chronic deficits of $19 billion on an annual basis. It seems to me that when we were running surpluses, there was much joy in the streets when we would get to a $10 billion surplus. Now we're told that a $20 billion chronic deficit is well within our capacity, it fits within our range of GDP, and besides, we're doing way better than other countries.
I'd be interested in whether you see these chronic deficits as really simply not so much a function of the stimulus and the downturn in the economy, but also a function of policy decisions made by this government in its last two or three years.