Obama Camp Statement on Deficit Projection

From the Obama campaign:

STATEMENT FROM JASON FURMAN, OBAMA CAMPAIGN ECONOMIC POLICY DIRECTOR

“Today's news that the deficit could reach $490 billion next year is an urgent reminder that our fiscal policies must change. These have been years of unprecedented fiscal irresponsibility. That's an important issue in this election because Senator McCain is proposing to continue the same Bush economic policies that put our economy on this dangerous path and that will drive America even deeper into debt. Barack Obama will restore balance and fairness to our economy by cutting wasteful spending, shutting corporate loopholes and tax havens, and rolling back the Bush tax cuts for the wealthiest Americans, while making health care affordable and putting a middle class tax cut in the pocket of 95% of workers and their families.”