Well you could say the ENTIRE deficit is due to the fact that Dems didn't/couldn't raise taxes as much as they wanted.When the housing/economy bubble burst Dems wanted to just keep on spending like nothing had happened.
I think one can summarize the deficit mess by:Dems want gov to be >=25% of the economy but lack the political strength to raise taxes to this level.Reps want gov to be <=20% of the economy but lack the political strength to cut spending to this level.The result, massive deficits.
That's good comedy, charles. Thanx fer the LOLz at your expense.Best,D
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