October 25, 2012
Where did the debt come from?
Don’t be fooled by 30 sec TV ads
There has been a lot of talk about our nation’s debt and budget deficits in run up to the 2012 Election. 30-second television ads paid for by secretive groups and even candidates themselves have laid the blame entirely at the feet of President Obama, but the source of our debt isn’t a partisan mystery.
Michael Linden, Director of Tax and Budget Policy at the Center for American Progress, took a look at what happened in the ten years since the federal budget was last in the black. How we went from a projected record surplus to record deficits is a desperately needed reality check during an overheated election season.
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Click here to learn more and speak with experts about this issue at the Center for American Progress.