The incredible shrinking deficit!!
For years now the GOP has been telling everyone how our deficit and debt were at dire levels. With that said one would think when the CBO released a new report revising downward our deficits for the next 10 years, the GOP would have been happy and celebrating the news. This of course is not what happened. The fact of the matter is no one from either party took credit for the large and historic decrease in our yearly deficits. There is an easy explanation for no one taking credit for the new CBO revision. The reason for this is simply the fact that the speed at which our deficit is shrinking will have detrimental effect on our overall economy, thus slowing an already slow recovery. The amount of spending being cut through austerity type programs is causing higher unemployment. As these cuts are cutting jobs for police, firefighters, teachers and even government contractors. Along with other cuts to programs that the poor, elderly and disabled rely on, these cuts only slow recov...