Politics
Politics
Out of context: Reply #15063
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- ukit0
CHART OF THE DAY: If Congress Does Nothing, The Deficit Will Disappear
http://tpmdc.talkingpointsmemo.c…
Found this interesting. Turns out the existence of a deficit hinges on the need to extend the "temporary" Bush tax cuts indefinitely, along with preventing scheduled cuts to Medicare. Without taking action on those issues, and once the stimulus and various wars wind down, the government takes in as much money as it needs for its expenses right now.