Yesterday, Tea Party Patriots examined the budget aspects of the
new Congressional Budget Office (CBO) report on the federal
budget and expected debt over the next decade, as well as the
importance of understanding Washington speak on budget cuts. In
short, CBO expects trillions in new debt and slower economic
growth in the medium-term if deficit reduction measures are not
implemented.  Over at The Washington Post Wonk Blog, Neil Irwin
has taken a closer look at the bad news regarding economic
growth. As he explains, things look pretty dire:   As the graph
shows [Note: the graph in question has been republished below],
until the start of 2008, the United States was churning stuff
out at about our capacity. Then, of course, a crippling
recession struck. The economy didn’t start growing again until
2009. But it’s what happened next—and what the CBO thinks will
happen in the next few years—that is really problematic.   This
is an important catch by Irwin. President Obama and his allies
in the media claim jobs ha