A more effective way to reduce the federal budget deficit

A commentary in The Denver Post today provides some valuable perspective on the nation's budget deficit and the most effective way of achieving long-term fiscal stability. Headlined "Let tax breaks for the rich expire," the piece notes federal tax breaks for the rich in 2001 and 2003 will account for nearly half of the total deficit between 2009 and 2019.

The Colorado Fiscal Policy Institute collaborated with a number of people and organizations to submit the piece after a Post editorial on July 29 mistakenly blamed the American Recovery and Reinvestment Act for creating an "unsustainable debt load."