June 14, 2011
Informative budget chart
With all the talk of the deficit and national debt, it is illustrative to see the chart that the Center for Budget and Policy Priorities has published that shows the source of the projected budget deficits.
The main sources are the Bush-Obama wars and the Bush-Obama tax cuts for the rich, not 'big government', as is claimed by those who want to use the deficit as an excuse to further reduce government services and, more importantly, reduce government oversight over business.
This should come as no surprise to those who follow the numbers but it is worth periodically reiterating.