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.

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