To the Editor:
So much has been written recently that our deficit increase (average of more than a trillion dollars a year) is due to the lack of revenue. Per the Congressional Budget Office, the average annual revenue during the eight Bush years as compared with the average annual revenue during the four Obama years has increased (Bush, $2.145 trillion, versus Obama, $2.396 trillion) about a 5 percent increase during the Obama years.
Contrast that to spending. Again, per the CBO, the annual average spending has increased nearly 50 percent under Obama (Bush, $2.260 trillion versus Obama, $3.593 trillion) for an increase of about 50 percent.
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