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Federal deficits are rising. Here’s the whole story


( CNN) The committee is two things that can expand fiscal deficits: Lessened tax revenues and increased expend. Right now, we have both.

But Republicans, who have historically decried fiscal irresponsibility, only would like to speak about expend.

“It’s very disturbing, ” said Senate Majority Leader Mitch McConnell on Bloomberg TV on Tuesday, on the freshly releaseddeficit numbers. “And it’s driven by the three large-hearted entitlement programs that are very popular, Medicare, Social security systems, and Medicaid.”

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