Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits

The Center on Budget and Policy Priorities writes Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits. "Some lawmakers, pundits, and others continue to say that President George W. Bush’s policies did not drive the projected federal deficits of the coming decade — that, instead, it was the policies of President Obama and Congress in 2009 and 2010. But, the fact remains: the economic downturn, President Bush’s tax cuts and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years (see Figure 1)."