So how did we get into this mess?
Re-tweeted by many, this is a post from James Fallows on The Atlantic's mobile site that picks up a graphic from a recent NY Times article showing what makes up the current federal budget deficit:
http://m.theatlantic.com/politics/archive/2011/07/the-chart-that-should-accompany-all-discussions-of-the-debt-ceiling/242484/
Guess what the major contributor is? That's right: the Bush-era tax cuts.
http://m.theatlantic.com/politics/archive/2011/07/the-chart-that-should-accompany-all-discussions-of-the-debt-ceiling/242484/
Guess what the major contributor is? That's right: the Bush-era tax cuts.