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As the graphs with this piece show, the deepest deficits are in those areas that matter most to most Americans: jobs and home equity.
But at a time when city budgets are facing their deepest deficits in decades, ending false burglar alarms would free up 35,000 police officers all over the nation, the Justice Department report said.
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It will be high taxes and deep deficits.
Future budget surpluses will rise, not fall". Tax revenue falls, and the budget goes from surplus into deep deficits.
The medical center, which oversees the children's hospital, has reported deep deficits in recent years and its credit rating plunged to near junk-bond status last winter.
The state is also hobbled with deep deficits and will be hard-pressed to find more money for transit without raising it through new taxes.
An aging population and relentlessly rising health care costs will hit the country with even deeper deficits as the baby boomers retire.
Extending the high-end Bush tax cuts would add another $700 billion, an unaffordable and unnecessary giveaway in the face of deep deficits.
They also want a national minimum wage — which does not exist in Germany — more European economic policy coordination and the maintenance of high tax rates to avoid deeper deficits.
That part stood to reason, but the second conclusion was less straightforward: by pursuing extra spending and casting the nation into deep deficits, the Republican administrations tied the hands of their successors.
The tourists packing Washington these days to see what really goes on in the Capitol have an irresistible metaphor at hand as the Republican-led Congress digs ever deeper deficits and debt into the nation's future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com