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hue

(4,949 posts)
Sun Jan 22, 2012, 07:10 PM Jan 2012

How the Deficit Got This Big (War & tax cuts-->that's all it's ever been about!)

http://www.nytimes.com/2011/07/24/opinion/sunday/24sun4.html?_r=1&src=tp

With President Obama and Republican leaders calling for cutting the budget by trillions over the next 10 years, it is worth asking how we got here — from healthy surpluses at the end of the Clinton era, and the promise of future surpluses, to nine straight years of deficits, including the $1.3 trillion shortfall in 2010. The answer is largely the Bush-era tax cuts, war spending in Iraq and Afghanistan, and recessions.
Despite what antigovernment conservatives say, non-
defense discretionary spending on areas like foreign aid, education and food safety was not a driving factor in creating the deficits. In fact, such spending, accounting for only 15 percent of the budget, has been basically flat as a share of the economy for decades. Cutting it simply will not fill the deficit hole.
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How the Deficit Got This Big (War & tax cuts-->that's all it's ever been about!) (Original Post) hue Jan 2012 OP
How come congress can not see this?? Angry Dragon Jan 2012 #1
oh, they know the facts when they see them.... unblock Jan 2012 #2
+1 n/t area51 Jan 2012 #5
Ike warned us ,and imposed 90% tax orpupilofnature57 Jan 2012 #3
Kick for the truth. Bush's administration failed and now the GOP blames the poor think Jan 2012 #4
 

orpupilofnature57

(15,472 posts)
3. Ike warned us ,and imposed 90% tax
Sun Jan 22, 2012, 07:21 PM
Jan 2012

to wealthiest Americans ,he could see why Congresss wouldn't , $$$$$$$$$$$

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