Wednesday, May 25, 2011


Many of you are familiar with he Center on Budget and Policy Priorities. Well they have decided to weigh in on this whole deficit chart issue that's been all over Facebook and twitter and offered their own update.   

As luck would have it, like many charts that have preceded it, it doesn't show a positive future. That is unless we make some drastic changes and soon. The final draft of the "Debt Origin" chart lays out the origins of the country's current fiscal trajectory. And as studies and charts before, most of the problem comes from ongoing Bush/Cheney policies. Policies that could be altered if the President and Congress had a set.

By the end of this current decade, the Center projects that, unless something drastic changes and soon, the Bush tax cuts, combined with the economic meltdown and the cost of the wars will account for most of the National Debt.

Is there still any doubt that returning to the Clinton era tax structure (which yielded quite the surplus as you know) should be the thinking persons logical conclusion? How is it that after a decade of this failed experiment we are still debating this?

1 comment:

Anonymous said...

Sounds like a plan to me. Either we pay up now or we pay more later. Duh?