The Congressional Budget Office says that the national deficit will reach $1.5 trillion this year. Many people are already making accusations for who is to blame. Soon after Obama gave his State of the Union address, which was positively accepted, the Congressional Budget Office (CBO) cut short his moment of glory with information about the national deficit. The government says that we will soon reach $1.48 trillion, and US citizens are not only immensely worried about the future of our country but have much to say about who is to blame. The CBO says that it's the tax cuts made by Obama. Stepanie Stromberg at The Washington Post feels the GOP is to blame for the rise in deficits, and said that it's time to"be honest about the costs of that spending." Ed Morissey at Hot Air feels he tax- cut extension is not the problem but our out of control spending is. The federal budget has "increased 38percent on an annual basis over the last four years." due to increases in the defense budget and "unsustainable entitlement structures." Jon Healey at the Los Angeles Times thinks the deficit is due to burgeoning entitlement, particularly Medicare, while Megan McArdle at The Atlantic says the real issue is that, " short of a near- death experience, no one is going to do anything about this problem." Our national deficit is a real issue that needs a real solution now. People need to be willing to sacrifice a little in order to bail out our country from this large amount of debt. The only issue known for certain is that a plan needs to be made.
http://theweek.com/article/index/211483/the-15-trillion-deficit-whose-fault-is-it
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