2. 6 of gdp, the lowest level since 2007. That is down slightly from the fiscal 2014 deficit of 483 billion. Cbo also now projecting Economic Growth of 2. 8 for 2015. The big picture here for investors for now is that deficits are way down since the financial crisis and stable as a percentage of gdp but only for a few more years according to the cbo. Then without any big changes to taxes or spending especially in entitlements deficits start to grow again as a percentage of gdp, hitting 1. 1 trillion in 2025, a decade from now and 4 of projected gdp that year. Debt will pile on debt, creating quote, serious negative consequences for the economy and policymakers eventually heightening the risk of a fiscal crisis. Melissa. Melissa peter, all right the numbers are so big they might as well be in pesos were up to our debt in eyeballs. Isnt that what he just said . Lets bring in our very own Charlie Gasparino Dan Henninger editorial page director wall street journal. Lis wiehl is here fox ne