Thứ Bảy, 11 tháng 6, 2011

It's a Spending Problem, Not a Revenue Problem

The Foundry speaks truth to power:

The main driver behind long-term deficits is government spending'not low revenues.

While revenue will surpass its historical average of 18.0 percent of GDP by 2021, spending will shoot past its historical average of 20.3 percent, reaching 26.4 percent in the same year.

Shhh... no one tell the Democrat Party, which has come up with an original plan for America to regain its fiscal health.

More spending and higher taxes.


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