Reminder: How the debt got so high, and it wasn’t Obama
Joe has a great post here worth reading. As the debt ceiling fiasco has continued few are talking about what has created the mess in the Furst place. Reminder from the Times editorial board on how the deficit got this big. It’s their explanation of the above chart:The second graph shows that under Mr. Bush, tax cuts and war spending were the biggest policy drivers of the swing from projected surpluses to deficits from 2002[Read More…]