Trillion-Dollar Deficits

President-elect Barack Obama has spent the past 2 days meeting with his economic advisers discussing what ails the U.S. economy. Obama has honestly assessed the situation and informed us that we will be running trillion-dollar deficits over the next few years. The recession is and will continue to take it's toll on unemployment benefits, welfare programs, corporate profits and investment income. The New York Times reports rather pessimistically on the ability of Obama to keep some of his campaign promises. Specifically, we're probably not going to have a health care plan any time soon.