Tax cuts, unemployment and the deficit


Fifty-five thousand people a day are losing their unemployment insurance because Congress won't extend benefits. Why? Well, gee, any federal spending will increase the deficit -- and like Herbert Hoover, everyone in Washington is talking about cutting deficits.

But check out this handy chart from the Commitee on Budget and Policy Priorities (thanks, Calitics). The overwhelming factors in the current budget deficit are left over from the Bush administration: Two wars, massive tax cuts for the rich, and an economic meltdown. Unemployment insurance barely even counts.

So the obvious solution to the deficit problem is to get the hell out of Iraq and Afghanistan, cut the size of the military and end the tax cuts. Funny: The deficit hawks aren't talking about any of those things.