I'm sorry, I don't agree that the deficit is only 2.1 percent of GDP.
Social Security is being used to drastically skew this ratio. According to the 2.1% crowd, the Social Security system is contributing a "surplus" to the general budget.
That "surplus" is actually a swirling vortex of debt, as no account is currently taken of the projected cost to fund the bloated payoffs to retirees. (Yes, AARP-holes, I said bloated).
Bush could have told the truth, and maybe had an outside chance of properly restructuring Social Security, but as with almost everything else he has put his hand to, it was a total botch.
You can go on convincing yourself of how small the deficit is. Keep in touch, you can show me how wrong I was when we look back 30 years from now. That is, if we haven't been euthanized to rebalance the budget.
You watch. Your argument can be used to raise Social Security taxes to produce more surpluses to get mixed into general accounts. Nobody has ever separated the trust fund. That is just campaign rhetoric.