NEW YORK ( TheStreet) -- Even if President Obama and Speaker John Boehner manage to avert the "fiscal cliff," Washington's budget woes won't be solved. Simply, politicians on both sides are blind to facts and deaf to reason.Huge deficits were not caused by the Bush tax cuts and the wars in Afghanistan and Iraq. In 2007, with both fully burdening the Treasury, the federal deficit was only $161 billion -- now it exceeds $1 trillion.
Solving the Nation's Budget Woes
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