CNN: Bush Tax Cuts Are Largest Cause Of Budget Deficit

Subject: txt mny msm fnn -
CNN's Fareed Zakaria on Sunday demonstrated just how ignorant most media members are of how the federal budget actually works. During the most recent installment of "Fareed Zakaria GPS," the host actually said,

"[T]he Bush tax cuts are the single largest part of the black hole that is the federal budget deficit."

Before we examine the staggering stupidity on display here, let's first look at exactly what Zakaria said (video embedded below the fold with transcript):

READ MORE