FYI for the Supercommittee

September 12, 2011 at 1:23 pm

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.




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  1. 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…

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