Tax Cuts + War = Debt

Posted on 06/14/2011 @ 12:00 PM

Tags: Budget, Checkbook

It's no surprise, but this chart from the Center on Budget and Policy Priorities shows it well:

In five years, half of the federal debt will be contributed by Bush's tax cuts and the wars in Afghanistan and Iraq if current policies are allowed to continue.

FCNL's been saying for awhile that the federal debt, which is more dangerous to U.S. national security and economic well-being than "terrorism", needs to be addressed with a combination of income-generating activities (taxes) and decreased spending, particularly military spending. Payments to recover from the economic downtown must continue - the United States will not function at full capacity without increasing the employment rate and providing for the basic human needs of all its citizens.

Ok, So Who Voted for Debt?

Check out this neat Washington Post venn diagram about who voted for the three policies - war, tax cuts, and stimulus funding - that so substantially contribute to the debt.