Monday, May 2, 2011

Analysis: U.S. politicians chose path to deficit 10 years ago

A decade ago, the U.S. had a budget surplus and the Congressional Budget Office projected a growing surplus indefinitely. Today, instead of a $2 trillion surplus, the nation is on track to finish the year more than $10 trillion in debt. The change came because leaders decided to cut taxes, increase spending and fight two wars with borrowed money, according to The Washington Post. The Washington Post (30 Apr.)

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