08 Deficit Due Almost Entirely to Higher Spending
This post is instructive. The increase in the 2008 deficit vs. 2007 is almost entirely due to higher spending, which increased over 9% vs. a 2% increase in government revenue.
I think it's more than coincidence that this is the first budget year that Democrats ruled Congress and the government purse strings.
I think it's more than coincidence that this is the first budget year that Democrats ruled Congress and the government purse strings.
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