By Donna Smith

Reuters

Feb. 14, 2011

"The administration's budget shows inflation staying roughly at a modest 2 percent annual rate over the next decade. Few economists believe that will be the case, said Steve Bell, senior director of economics at Bipartisan Policy Center...

'The budget pretty much guarantees trillion-dollar deficits for the next 10 years, it doesn't show it though,' said Bell, a former Republican aide for the Senate Budget Committee. 'It assumes the budget will be enacted entirely and inflation will be lower and (economic) growth higher than almost anybody in the (financial) market.'"

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Economic Policy Project