And in other news, the sun rises in the east and sets in the west. From the Pew Foundation. http://www.pewtrusts.org/uploadedFi...ic_Policy/drivers_federal_debt_since_2001.pdf In 2001, the CBO estimated that the budget would have an accumulated surplus of $2.3 trillion in 2011. Instead, we have an accumulated debt of $10.4 trillion, a $12.7 trillion swing. The Pew Foundation estimates that 68% ($8.7 trillion) is due to legislation over the past decade. Pew broke down the causes for this swing as follows (dollars in trillions). Bush tax cuts 13% $1.7 Interest on increased borrowing 11% $1.4 Iraq/Afghanistan wars 10% $1.3 Other non-defense spending 10% $1.3 Stimulus 6% $0.8 Other tax cuts 5% $0.6 Other defense spending 5% $0.6 Extension of Bush tax cuts 3% $0.4 Medicare Part D 2% $0.3 Total 65% $8.3 Other means of financing 6% $0.8 Incorrect forecasting 29% $3.7 Stimulus, extension of Bush cuts 9% $1.1 Tax cuts 23% $2.9 Non-defense spending 16% $2.0 War/defense spending 15% $1.9 Interest on increased borrowing 11% $1.4 I did not attribute the changes in the means of financing, which Pew allocates 50% to legislation over the past decade. Half of 6% added to 65% is the 68% cited by Pew. Had there been no war, no tax cuts and no increased spending, the accumulated deficit would have been $1.4 trillion instead of a $2.3 trillion surplus forecasted by the CBO in 2001. This is due to lower than expected baseline economic growth. Tax cuts contributed $2.9 trillion to the increase in debt, non-defense spending $2 trillion and war and defense $1.9 trillion. Allocating the $1.4 trillion of interest on increased borrowing to the three categories, tax cuts contributed $3.5 trillion (43% of total excluding financing changes), non-defense spending $2.4 trillion (30%) and war and defense $2.3 trillion (28%).