NEW : Deficit in 2004 expected to grow to $ 128 billion , budget chief says . NEW : The deficit projection for 2009 would have been only 2.2 percent of the economy , or $ 272 billion , if the stimulus package is excluded , Nussle said . 2004 deficit is smaller than 2004 deficit in terms of GDP , Nussle says . Nussle points to faltering economy , budget stimulus package for increase . Top Democrat says Nussle has won `` gold medal '' for fiscal irresponsibility .
NEW : Deficit in 2004 expected to grow to $ 128 billion , budget chief says . NEW : 2004 deficit is smaller than 2004 deficit in terms of GDP , Nussle says . Nussle points to faltering economy , budget stimulus package for increase . Top Democrat says Nussle has won `` gold medal '' for fiscal irresponsibility .