Old article, but I just came across it:

Climate-Bill Breaks Bode Ill for Deficit

The Obama administration said Monday that it expected even wider deficits this year and next than previously forecast, and Congress could undermine the administration's push to narrow the gap by slashing the revenue generated by the president's plan to curb greenhouse gases.

On Monday, White House budget director Peter Orszag revised the fiscal 2009 deficit upward by $89 billion to $1.84 trillion, 12.9% of the economy. That is a level not seen since 1945. Next year's deficit forecast was raised $87 billion, to $1.26 trillion.


White House officials still say they are holding to a long-term goal of cutting the inherited budget deficit in half by 2013. But that effort is threatened by the weak economy and by congressional politics. White House economists didn't revise their expectation that the economy would be growing by 3.5% by the end of this year, despite the fact that some private economists have been lowering their forecasts.

I hadn't heard the expected deficit was up from the already ludicrous $1 trillion to close to $2 trillion because of this. A $1.84 trillion deficit...anybody want to try to defend that?