The Washington Post presents some budget reporting that about 50 budget wonks will follow. How significant is a projected budget surplus of $132 billion in 2012 (0.7 percent of GDP) or $800 billion in tax revenue over the next five years (approximately 5 percent of projected revenue or $530 per person per year )?

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.