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Resist the Corporate State

Chart of the Moment: Bush Tax Cuts, Wars Largest Cause (By Far) of Ballooning Federal Debt

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By Brad Friedman on 5/25/2011  The Brad Blog

Via TPM:

By way of reminder, George W. Bush inherited a federal budget surplus from Bill Clinton in 2000, when the non-partisan Congressional Budget Office (CBO) had forecast that, at that rate, the debt would be entirely wiped out by 2012.

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