A survey conducted by the National Association for Business Economics Monday suggests that majority of the U. S. business economists expect that the annual budget deficits in excess of $1 trillion could adversely affect the U. S.'s ability to lend over the time, and more Government stimulus isn't needed.

"The running of large budget deficits and the fiscal stimulus are a natural consequence of a deep recession, but this is definitely a concern in the intermediate and long run", posted Lynn Reaser, President of NABE and Chief Economist for Point Loma Nazarene University. "It means higher interest rates that will slow potential growth".

In addition, the poll conducted Feb. 4 to Feb. 22, reveals that budget drawbacks and increasing debt relative to gross domestic product will pose huge menace as entitlement payments grow.

While 53 percent of the 203 economists surveyed posted that last year's fiscal stimulus will back the economy in the long run, the budget deficit may stay on a high.

Also, forty-four percent of the participants felt that current fiscal policy was sufficient, though seven of 10 believed that there was no need for additional stimulus.

However, economists surveyed were unanimous in their view that the end of the Fed's program of purchasing mortgage-backed debt would lead to higher mortgage rates.