From the article:
Orszag warned that huge deficits could cause the market to lose confidence in a government's creditworthiness.Is he serious?
President Barack Obama's top budget adviser, Peter Orszag, said on Tuesday that the U.S. government must significantly alter its policies in order to tackle a growing mountain of debt.We've already heard how the federal government plans to "alter it's policies in order to tackle a growing mountain of debt" haven't we? That's right - raise taxes.
I guess we'll see how well that works out for everyone.