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Is the deficit due to high spending or low taxes?

July 4 2012 at 4:36 AM
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KeithDB  (Login KeithDB)
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The answer is both. Spending is at historical highs and revenue is at historical lows, both as a share of GDP.

[linked image],

"The world is a mess and I just need to rule it." --Dr. Horrible.

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Response TitleAuthorDate
 I say the government is to blame for both problemsBobJul 4, 2012, 1:00 PM
 Re: Is the deficit due to high spending or low taxes?JEL1945Jul 4, 2012, 1:16 PM
  jel you love high taxesBobJul 4, 2012, 8:44 PM
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