Wednesday, July 07, 2010

About that Deficit...

The Center on Budget and Policy Priorities produced the above chart to help show the major contributors to the current federal deficit. The chart accompanies the latest installment in their ongoing series, "Economic Recovery Watch". I certainly hope that those feigning sudden outrage over the federal deficit will be first in line to call for an end to the Bush tax cuts for the wealthy. After all, as far as contributors go, it is second only to the two wars.

UPDATE: It looks like Ron Johnson has "no opinion" on the massive portion of the federal deficit that came at the hands of George W. Bush. Yet in his latest commercial he bemoans the idea of "unsustainable debt and spending". Which is it Ron? Or maybe your values vacillate depending on the political party of the president.

ht: Daily Kos

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