For four years, the Center for Budget and Policy Priorities has put out a great chart showing what's driving our deficit (the wars in Afghanistan and Iraq and tax cuts). Here's the final version of that chart, as informative as ever.
The big lie of the fiscal cliff is that the argument is between Democrats who want to raise your taxes and Republicans who want to cut your taxes. That's wrong. Republicans want to raise taxes on more people than the White House does.
"Tax hikes are real in these deals, but the spending cut promises are a fraud, plain and simple," says Grover Norquist's group. That's wrong on both counts. But there's a reason conservatives keep saying it.
Since 1950, federal revenue has averaged about 18 percent of gross domestic product -- 17.8 percent of GDP, to be exact. A neat bit of trivia, but who cares? Well, lots of people, it turns out. And they should stop.
Boehner is offering $800 billion in tax revenues. That's what he offered a year ago. But because of how the budget works, matching his offer from a year ago would mean putting $950 billion in the table.
"Base-broadening, rate-lowering tax reform." It sounds so good, right? But what if you call it what it really is? Charity-destroying, home-shrinking, state-burdening tax reform. Doesn't sound as good, does it?