The continuing saga of deficits

Catherine Rampell over at the blog Economix (New York Times, see here) points us to a Congressional Budget Office report (see here) that contains the following graph (click to enlarge) showing various policy impacts on the U.S. defiict:

Ms. Rampell states:

The lightest blue bars, labeled “Extend Tax Policies,” represent an estimate of how the deficit will grow if Congress extends the Bush tax cuts and indexes the alternative minimum tax for inflation, as legislators are expected to do once again. As you can see, these moves alone more than double the size of the deficit for most of the years shown.