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The Four Causes of the Huge Deficit
What Are the Four Causes?
- The biggest cause: Reduced tax payments
- Second: Automatic increases in unemployment insurance and food stamps, and people starting social security early because they can't find jobs.
- Military spending also increased, but is now fading.
- Bush's TARP and Obama's Jobs Stimulus (top layer) account for little of the deficit, and they are temporary.
- The deficit is from the safety-net helping the poor and the unemployed in a terrible recession, and helping all of us (including businesses!) with lower taxes.
Now find out: Is the federal government growing?