How Did Mara Liasson Determine that the Federal Budget Deficit is "Dangerously High"

That is the question millions are asking after she made this assertion in a segment on Morning Edition today. Economists would usually look to evidence that budget deficits are creating too much demand in the economy, such as a rising inflation rate and/or high interest rates. Both interest rates and inflation are at historically low levels, with inflation consistently running below the Federal Reserve Board's 2.0 percent target. Based on these facts, it is not clear what could be the basis o...