Roger Altman discusses the growing US budget deficit & escalating US debt... says it is the "most serious & fascinating fiscal policy challenge I've ever seen"... writes "The administration is in a nearly impossible situation. Growth,.... is going to be distinctly subnormal for 2010 & 2011...the deficit outlook will emerge as much worse....you can’t withdraw stimulus, i.e., pursue deficit reduction, when the economy is so weak. But...the public & financial markets will be rebelling over $1 trillion deficits as far as the eye can see. This will be Gettysburg for Obama. Hopefully he’s in a blue uniform..."