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Think about this.. our national deficit could be cut in half next year.. a little good news

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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 01:43 PM
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Think about this.. our national deficit could be cut in half next year.. a little good news
http://www.huffingtonpost.com/2011/05/20/bush-tax-cuts-debt_n_864812.html

These tax breaks, combined with the cost of fighting wars in Iraq and Afghanistan, will account for nearly half the public debt in 2019, measured as a percentage of economic output, the CBPP's analysis shows. Even the cost of the economic downturn, combined with the cost of the legislation passed to stem the damage, won't be as burdensome as the weight of the Bush-era tax cuts, the chart below suggests. See if you can find the debt associated with the Trouble Asset Relief Program and the rescue of Fannie and Freddi
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