The CBO's "baseline" budget forecast, which assumes that the cuts do indeed expire as planned, sees the deficit falling from 9.1% of GDP in 2010 to 2.5% in 2014.

Earned value USES your original cost estimates saved with a baseline and your actual work to date to show whether the actual costs incurred are on budget.

Moreover, CBO's baseline projections understate the budget deficits that would arise under many observers' interpretation of current policy, as opposed to current law.