Deficits of Mass Destruction

#Money

Sat, Jul 24th, 2010 20:00 by capnasty NEWS

Nearly the entire United States' deficit for this year and those projected into the near and medium terms are the result of three things: the ongoing wars in Afghanistan and Iraq, the Bush tax cuts and the recession. The solution to the U.S. fiscal situation is: end the wars, allow the tax cuts to expire and restore robust growth. The United States' long-term structural deficits will require them to control healthcare inflation the way countries with single-payer systems do. And yet: the drumbeat of deficit hysterics thumping in self-righteous panic grows louder by the day.

  595

 

You may also be interested in:

Silicon Valley Tries to Stop Tax Loopholes From Being Closed
Insanely Priced Roaming Fees? That's Just Your Mobile Company Scamming You
Disney Used the CIA to Create Ghost Cities in Order to Control Land Use and Build Disney World
Those Small Kiosks You See in Malls Actually Make Money. Lots of Money
The United States Should Sell Alaska to Solve Its Debt Problems