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The ratio of spending cuts to tax increases in the President’s budget
Contrary to Mr. Lew’s assertion, the President is proposing at least $1.20 of tax increases for every dollar of proposed spending cuts. The President’s budget locks in historically high spending levels and relies more on tax increases than spending cuts for the limited deficit reduction it proposes.
Data sources for response to the Klein deficit comparison chart
Here are the data sources for my response chart.
Response to the Klein deficit chart
A friend challenged me to respond to a deficit reduction comparison chart by Mr. Ezra Klein in the Washington Post.
The President’s economic policy priorities
The massive recent and planned future expansions of government are the greatest threats to ongoing American economic strength in both the short and long term. Expanding the scope of government further as the President proposes will make things worse, not better.