Wednesday, December 16, 2009

Where did the deficit come from?

The graph makes it especially clear: around 40% of the deficit comes from Bush launching two wars, while at the same time, slashing taxes for the wealthy. The rest comes from the recession and the efforts to combat it. Anyone who doesn't think Obama didn't inherit this mess is practicing self-delusion:

1 comment:

  1. Nice writings Norman. I miss your common sense views and ability to hsow the truth over on the WBF.
    Capt Jake