Monday, October 01, 2012

A fair look at budget woes

Where did the mammoth US budget deficits come from? - CSMonitor.com

This article from the CSM seems to me to take a very fair approach to the not so simple question of how to apportion blame for the US deficit.

While it agrees that the recent Obama response to a question on this was wrong, it remains clear that Republicans must allow for a very significant part of the problem to have come from George W Bush policies.  Given that tax cuts and defence spending were a large part of those, don't Republicans wonder that Romney  policies to reduce tax rates (yes, I know, even if removing deductions is supposed to make them revenue neutral,) and increase long term defence spending, just don't sound right?

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