Obama’s and Bush’s effects on the deficit in one graph

[Danzig]

this is from an article i just read about future spending deals:

The $1.2 trillion in automatically triggered budget cuts don't take effect until January 2013. That is exactly when broad tax cuts worth trillions of dollars, enacted under President George W. Bush, expire. Those two events could push lawmakers to strike a deal that marries spending reductions with the renewal of some of those tax cuts.

A complete deadlock that leaves the spending cuts in place and fails to renew Bush's tax cuts would save the government huge sums.



...here's hoping they let the tax cuts expire, as they should have the last time they came up.


http://www.msnbc.msn.com/id/44008921/ns/politics/


having tax cuts while waging two wars was a huge mistake...you can't spend more while taking in less-as we can see. an exploding deficit doesn't help the economy. and we're continuing to spend on those, with our govt continuing the tax cuts.