Chart Of The Day

Jul 25 2011 @ 7:24pm

Debt_Chart

Fallows flags this NYT chart:

It's based on data from the Congressional Budget Office and the Center on Budget and Policy Priorities. Its significance is not partisan (who's "to blame" for the deficit) but intellectual. It demonstrates the utter incoherence of being very concerned about a structural federal deficit but ruling out of consideration the policy that was largest single contributor to that deficit, namely the Bush-era tax cuts.

Ezra Klein and Jonathan Chait echo Jim's argument.