A Chart is Worth a Thousand Words

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Virtually everyone agrees that we have a budget and deficit problem.  The Democrats would have us believe we have a tax problem while the Republicans would have us believe that we have a spending problem.  As the following makes clear, we need both more tax revenue and lower spending.

federal-budget

Source: J.P. Morgan

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One thought on “A Chart is Worth a Thousand Words”

  1. Pingback: Inaugural Thoughts | Above the Market

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