Economy: Economic News, Policy & Analysis - The Washington Post: Everything is Terrible: The story of the fiscal cliff in gifs and graphs

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Everything is Terrible: The story of the fiscal cliff in gifs and graphs Jan 2nd 2013, 15:47 The original version of this post is here. This version covers the full debate, up to Wednesday's passage of a final deal. Once upon a time, there was a budget surplus. A big budget surplus, in fact. In July 2000, the Congressional Budget Office estimated that if discretionary spending kept growing at the rate of inflation, the next 10 years would see a combined surplus of about $2.8 trillion. Revenue would stay the course, and spending would actually decline gradually: Read full article >>

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