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.

  893

 

You may also be interested in:

Seats in Economy Class Now to Get Even Smaller
A Judge Stands up to Wall Street
In Singapore, Park Your Car in Your High-Rise Apartment
WikiLeaks: Big Banks Are Up Next
"Oxfam estimates that just 1 percent of the world’s population will own more than 50 percent of the world’s wealth by 2016."