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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=tpWith 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
Angry Dragon
(36,693 posts)1. How come congress can not see this??
unblock
(52,221 posts)2. oh, they know the facts when they see them....
and they avoid them assiduously.
orpupilofnature57
(15,472 posts)3. Ike warned us ,and imposed 90% tax
to wealthiest Americans ,he could see why Congresss wouldn't , $$$$$$$$$$$
think
(11,641 posts)4. Kick for the truth. Bush's administration failed and now the GOP blames the poor