What Causes Deficits: Not Enough Taxes or Too Much Spending?
It can be both, of course; however, the National Taxpayers Union says of the Federal budget deficit, it's too much spending. While Nancy Pelosi states that President Bush and Congressional Republicans have, "completely abandoned fiscal responsibility," the National Taxpayers Union has a different view.
"Our review of the numbers shows that if Congress had exercised even very modest spending restraint over the past half dozen years, we would have no deficit problem today," said NTU President John Berthoud.
In this article, Berthoud is quoted that if spending growth had been limited to 3.2%, there would be a surplus.
"Our review of the numbers shows that if Congress had exercised even very modest spending restraint over the past half dozen years, we would have no deficit problem today," said NTU President John Berthoud.
In this article, Berthoud is quoted that if spending growth had been limited to 3.2%, there would be a surplus.