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Budget Deficits

May 20, 2009 11:40am by Barry Ritholtz

Whom do you blame for rising US deficits, Congress or the White House? Policy originates with the President, but Congress is charged with passing the budget.

Consider these two charts::

>

5-15-09-budget-deficit-1

~~~

5-15-09-budget-deficit-2

>

Source: Ron Griess of The Chart Store

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