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Monday
Mar072011

Economists Shift Concern to Federal Deficit

Stephen Chernin/Getty Images(NEW YORK) -- The jobs market appears to be getting better at last, and consumers are spending more.  So what's the biggest thing that now has economists worried?

"I think that the number-one issue is the deficit," Chad Moutray with the National Association for Business Economics said.  "There definitely is a concern about getting the deficit down."

Moutray added that most economists backed the stimulus but now the government must start cutting the budget deficit, and soon.

"The more we continue to borrow, the more we continue to depend on deficit spending to be able to do all the programs we are doing, the less likely we're going to be able to maintain our standard of living going forward," he said.

Copyright 2011 ABC News Radio

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