US budget deficit tops $1 trillion for fourth straight year; Who is to be blamed?

US budget deficit tops $1 trillion for fourth straight year
Reuters
The United States reported a budget surplus for the final month of the 2012 fiscal year, but the tiny bump in revenues did not prevent the country's deficit from exceeding $1 trillion for the fourth year in a row.

Highly Cited:US Posts Fourth-Largest Budget Deficit Since WWII

Deficit, borrowed spending leads to inflation ie high gas, food prices

Inflation is the worst form of regressive tax on the lower/middle income

Are you better off?



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