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Astronomers have measured the rate of spin of a supermassive black hole for the first time - and it is big.
BBC: First glimpse of a black hole's spin
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Starting off with a huge tax rate cut would deepen the 10-year hole by trillions of dollars.
FORBES: A 20% Tax Rate Cut Would Blow A Huge Hole In The Budget
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But if this trend in private bank money creation continues, it does augur for higher rates of monetary inflation, especially, as Chairman Bernanke suggested at Jackson Hole in August, if aided and embedded by a reduction in the rate of interest the Federal Reserve pays banks on those excess reserves.
FORBES: Monetary Watch October 2010: Banks printing money again, QE II in November?
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It's no accident that Ireland, with its 12.5% corporate tax rate that has attracted export businesses, is climbing out of its debt hole faster than are Portugal, Spain or Greece.
WSJ: Review & Outlook: Blame It on Berlin
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Employment is climbing out of a far deeper hole now than in 2004, and there's almost no chance the unemployment rate will be below 7.3% come November, said to be the historical dividing line between winning and losing incumbents.
ECONOMIST: The recovery and the election
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Our potential growth rate will be even slower, unemployment will be higher, and the structural hole in the public finances will be even larger, requiring the government to impose even greater tax rises and spending cuts to bring the national debt onto a downward path.
BBC: Inflation: Balancing the risks