Wednesday, May 11, 2011

Here's a graph...

...that never gets old. According to Ezra Klein (yes, him again):

Insofar as policy has gotten us into this fiscal mess, the Bush tax cuts deserve the bulk of the blame. In their absence, deficits would be much smaller today. If they’re allowed to expire in 2012, deficits will be much smaller going forward. So if you’re saying that tax increases are off the table in any and all budget deals, then you’re proposing to leave in place the very policies that have led to our current deficits and threaten to explode our future deficits. You can call people who’ve adopted that approach a lot of things. Tax cutters. Republicans. But you can’t call them deficit hawks.

(My emphasis.)

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