According to the White House's own numbers, the federal government is looking at deficits from now until, well, basically forever. (Today's Financial Times reports that the Treasury Dept. commissioned a study, since downplayed by the White House, that found that the government is now facing "chronic" deficits.) As for jobs, as Slate's Daniel Gross, among others, has noted, the one million or so paying gigs that Bush predicts will be created are 1) not all that much considering the number of jobs the economy has been shedding 2) darn expensive on a per job basis.