|Who's responsible for the budget deficit? Not this guy.|
The results of an analysis by the Center on Budget and Policy Priorities (CBPP) released late yesterday demonstrate that the Bush era tax cuts, and the wars in Iraq and Afghanistan account for virtually the entire federal budget deficit projected through 2019.
Projecting policy stasis into the near future, the CBPP found that the combined effect of the tax cuts, wars, and revenue shortfalls attributable to the economic downturn will account for the entire deficit through 2019, attributing nearly half of the debt to the wars and tax cuts alone.
Recommending once again that policymakers let the tax cuts expire, "the upper-income tax cuts now and the middle-income tax cuts when the economy has recovered more fully," or pay for any of the middle income tax cuts that the Republicans propose be made permanent.
To remain clearly non-partisan, this perspective on the cause of the mounting debt, which ties it to Bush era policy, the revenue shortfall associated with the economic downturn, and rising interest on the debt necessarily had to leave the hard analysis of the consequent political realities to those of us who are not concerned with perceptions of bias. Ignorance alone cannot explain the Republican congressional leadership's refusal to acknowledge the economic realities of their ongoing assault on low and middle income households, and newly confirmed lack of fiscal responsibility.
Only two scenarios could explain their apparent betrayal of their obligation to serve the general good of the nation. They either truly are in service to the corporations and their wealthy benefactors, or they have boxed themselves into a policy from which they cannot retreat without loosing credibility entirely. Admission of past policy mistakes that cannot be differentiated from their current policy pursuits would necessarily amount to a confession of their unsuitability for office. But moreover, it would completely discredit the very foundation of conservative ideology.
There is really not much more to add to this except to say that this information needs to be spread as far and wide as possible, so I hope that all of you will Facebook it, and Tweet, and if you have the time, shove it up the ass of the next Republican that tries to tell you that Barack Obama is bankrupting this country.
The truth is on our side, but it does NO good if nobody ever hears it.
P.S. I don't REALLY want you to shove it up anybody's ass, as that sounds overly violent and potentially messy, but I really do want you to make sure that as many people as possible get the chance to hear the truth. After all if WE don't care enough to do it, who will?