A number of these charts have been making the rounds, using different measures. Some of the projections obviously have to be taken with a grain of salt, but the basic message appears to be that letting the Bush era tax cuts expire would relieve a lot of budget pressure. Each of the links below go to fairly in-depth blog posts.
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1 Response to What is Causing the Deficit?
Matt
June 14th, 2011 at 17:06
Got any charts that show what affect the Kennedy tax cuts had, or the explosion of government spending at all levels since the 1930s?
Tax cuts are only an issue if they aren’t met with equal spending cuts.