Interesting article at http://tpmdc.talkingpointsmemo.com/2012/05/obama-romney-deficit-debt-chart.php
As the chart below reveals, the main drivers of projected deficits over the next decade are the wars of the oughts in Iraq and Afghanistan, the Bush tax cuts and the so-called “automatic stabilizers” — unemployment insurance spending, lower tax burdens — built into existing policy to combat economic downturns. Recovery measures by Bush and Obama caused a short-term spike in deficits but have mostly phased out and thus represent only modest fractions of the national debt.
No comments:
Post a Comment