Sunday, July 24, 2011

How the Deficit Got This Big


Teresa Tritch at The New York Times posted an op-ed piece about how the U.S. Deficit got as bad as it did over the past 10 years. It is a short, to the point, explanation of how the Clinton Era surpluses turned into the Bush Era - and now the Obama Era - deficits. There are charts and graphs that make sense, and are hard to argue against.

Yes, I know the New York Times is among the most liberal newspapers out there, and their editorial section is famous for attacking conservative policies. However, the numbers really can't be manipulated in a way that skews to the left or the right. They are what they are. It is worth a quick read.

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