Nobody in their right mind thinks we should run away from tackling runaway deficits. But the "inconvenient truth" is that excess spending isn't the cause. It's corporate tax dodges -- including routing income to low-rate countries such as Ireland. As a result, corporate revenues as a share of total U.S. revenues have fallen from 28% of it in the 1950s to 10% of it since the 1980s. The following slideshow has the cold, hard facts.
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