Chart of the Day: Deficit Reduction So Far = $2.4 Trillion

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Michael Linden and Michael Ettlinger provide us today with a handy chart of all the deficit reduction we’ve implemented over the past couple of years. In all, we’ve reduced spending by $1.8 trillion and increased taxes by $600 billion, for a total of $2.4 trillion. More details here. This may not be the grand bargain of Beltway dreams, but it’s pretty good progress in a short period of time.

And three-quarters of it has been from spending cuts. If you’re wondering why President Obama thinks the sequestration negotiations should include a balance of both spending reductions and tax increases, now you know.

This article is from:  

Chart of the Day: Deficit Reduction So Far = $2.4 Trillion

This entry was posted in GE, Uncategorized, Venta and tagged , . Bookmark the permalink.

Comments are closed.