Robert Litan, Bloomberg Government director of research, discusses the level of deficit reduction truly needed to stabilize the debt-to-GDP ratio in the U.S. Short clip.
Baby steps in deficit truth-telling.
Of course, it's all a matter of perspective, since $9 trillion is a drop in the bucket compared to the $222 trillion unfunded liability. And it's highly unlikely Washington will even agree to the $4 trillion number. Too many purple unicorns still dance upon the fiscal stage in the brain-dead ineptocracy of Capitol Hill.