Sunday, April 17, 2011

A Spending Problem? Or a Revenue Problem?

[Click on the graph for full screen]

Almost all Federal expenditures are for Medicare, Social Security, and Defense. None of which anyone wants to cut. Remember this graph the next time you hear a Republican mouthing off about "Washington doesn't have a revenue problem, it has a spending problem." The real problem is that the Republicans are LYING. There is not a thing they themselves are willing to cut that is more than merely symbolic and politically, not economically, motivated.

If the economy is not to founder still more, the rich must pay more taxes. Simple as that.

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