Find the answer over at AEI's online magazine, The American.
Thursday, April 22, 2010
What drives the long-term budget deficit -- spending increases or falling taxes?
Labels:
entitlements,
fiscal gap,
taxes
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1 comment:
Very interesting article! I love the taxes or spending as % of GDP measures.
I wonder what the average tax and spending as a % of GDP values have been over the past 50 years, but just counting years where the budget deficit has been less than 3% of GDP (which I think is a standard goal of keeping deficits at least under 3%GDP). By just focusing on these successful years, the averages could yield good potential goals for the upcoming deficit commission.
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