A friend posted this chart on Facebook, and I understand it is making the progressive rounds. There are several huge problems with the chart. It selectively mixes a “loss” in assumed revenue due to a tax cut and recession against a number of spending programs on the same chart. Calling the assumed loss of revenue from a change in the tax code a “spending item” is hugely disingenuous. The other spending items were incurred by congressional programs and funding. The taxes or lack thereof belong on the revenue side of the equation. Why not include a chart item called “Deficit … Continue reading Progressives Blame Deficits on Tax Cuts and The Economy