off the charts
POLICY INSIGHT
BEYOND THE NUMBERS

FYI for the Supercommittee

| By CBPP
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As the new congressional deficit-reduction committee — which holds its first hearing tomorrow — begins work, it should keep in mind the main factors driving today’s large deficits.  This well-known chart shows that the economic downturn, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years; see our May analysis for details. . . .