After I posted yesterday, I started thinking about the deficit that the Republican’s are always yammering on about. I found this chart.
This analysis is from the Center on Budget and Policy Priorities based on information from the Congressional Budget Office.
So even if we don’t stop spending the the Wars, if we end the Bush tax cuts, we could fund all kinds of new stimulus programs (like COPS and education programs) that could help prevent more layoffs in the public sector, fix medicare and social security and still begin to pay off the debt. We might even extend umemployment benefits and fund programs to help unemployed homeowners save their property from foreclosure.
The question for 2012 is how to convince people that the Ryan budget, endorsed by all the Republican candidates and most Republican members of Congress, will actually increase the projected defict by maintaining the tax cuts.