Home > FYI for the Supercommittee

FYI for the Supercommittee

September 12, 2011 at 1:23 pm

http://www.offthechartsblog.org/fyi-for-the-supercommittee/
Posted by:
Posted in:   2001/2003 Tax Cuts, Congressional Action, Deficits and Projections, Economic Recovery Watch, Federal Budget, Federal Tax, Recession and Recovery, Taxes and the Economy

As the new congressional deficit-reduction committee — which holds its first hearing tomorrow — begins work, it should keep in mind the main factors driving today’s large deficits.  This well-known chart shows that the economic downturn, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years; see our May analysis for details.

.

.

.

CBPP


Posted by:


Posted in:
2001/2003 Tax Cuts, Congressional Action, Deficits and Projections, Economic Recovery Watch, Federal Budget, Federal Tax, Recession and Recovery, Taxes and the Economy

1 Comment

1 Comments Add Yours ↓

Comments are listed in reverse chronological order.

  1. ALFRED C. SUWRIN #
    09.22.2011 14:53
    1

    WHY DID YOU NOT SHOW THE ABSURD COST OF WEAPONS SYSTEMS, i.e. F-35, Ospray VTOL, Missile defense (joke), F-22, and how much to deploy “1″ Aircraft carrier group…..

    The vast majory of votes HAVE NO IDEA of the out-of-control costs plus the Homeland Security budget protecting Glendale, Ca. Des Moines Ia. and other cities and entire States that will never have a terrorist threat….plus the …..forget no one cares…but the other political party wants to cut domestic programs while tens of billions are wasted EVERY MONTH…

    Reply


Your Comment

Comment Policy:

Thank you for joining the conversation about important policy issues. Comments are limited to 1,500 characters and are subject to approval and moderation. We reserve the right to remove comments that:

  • are injurious, defamatory, profane, off-topic or inappropriate;
  • contain personal attacks or racist, sexist, homophobic, or other slurs;
  • solicit and/or advertise for personal blogs and websites or to sell products or services;
  • may infringe the copyright or intellectual property rights of others or other applicable laws or regulations; or
  • are otherwise inconsistent with the goals of this blog.

Posted comments do not necessarily represent the views of the CBPP and do not constitute official endorsement by CBPP. Please note that comments will be approved during the Center's business hours. If you have questions, please contact communications@cbpp.org.



 characters available