By Matthew Yglesias on Jun 9, 2011 at 12:59 pm
Another point from the Pew survey of the public opinion and the deficit shows that people are a bit confused about where the deficit comes from:
Of course these things do all contribute to the deficit. But the wars aren?t as big a deal as people think, and the tax cuts are a much bigger deal than people realize. Here?s the CBPP chart:
I?m not sure how much this is to blame, but perhaps part of the issue here is that fact that Democratic leaders have actually taken the majority of the Bush tax cuts off the table. Their focus is on repealing the Bush tax cuts ?for the rich? meaning those cuts that only high income people receive. But the majority of the dollar value of the Bush tax cuts is attributable to his so-called ?middle class? tax cuts and few people seem to know or care that the majority of the benefit of those cuts also go to high income people.
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