There's Only One Way To Fix The Deficit — And Actually It's Totally Painless

Joe Weisenthal | Dec. 28, 2012, 1:51 PM

People who insist that the US has a gigantic "spending problem" are ignorant of what really drives the deficit and the national debt, as Henry Blodget easily demonstrated in a series of charts.

 Closing the deficit is not just about lowering spending, relative to GDP, but also about increasing revenue from our very low levels.

So how is that accomplished?