  The extent of the front-loading of fiscal spending during the first half of 2011 will be gradually scaled back so that around 2012 it will be back to its pre-crisis level. 4  The ratio of the fiscal deficit to GDP will decline from 1.9% this year to 1.6% in 2011 as tax revenues increase 5 .
According to the Bureau of Labor Statistics (BLS), over the past ten years, gross job losses in the United States have averaged about 7.7 million jobs per quarter.4 Multiplying 7.7 million by four suggests that about 31 million U.S. jobs are eliminated each year.