Deficits Are A Consequence Of Spending And Revenue

This chart from Jonathan Hopkin shows little correlation between spending levels and deficits:

Now, I wouldn’t draw any grand conclusions from the experience of 2007-2010 because it was rather unusual. Still, interesting, especially given that the US is a low-spending, low-tax country.

From Lane Kenworthy:

From CBPP, a chart factoring in state, local, and federal taxes:

And just for fun, here’s a Citizens for Tax Justice chart showing who pays (state, local, and federal) taxes by income level:


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